Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : A future flow of good news to be confirmed by the facts

>Neutral rating and target price of € 15.60 unchanged - Following a road show in Frankfurt with the CFO, we maintain our Neutral rating and target price of € 15.60 based on the average between a SOP valuation of € 16.60 and a DCF of € 15.0. Execution of the strategy plan is the trigger that the market is waiting for. Based on our past experience with Suez's main competitor, we believe that the trajectory outlined by the new management team is heading in the right dire...
Underlying
SUEZ SA

Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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