Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Suez : Ajustements de -6.6% nos estimations 2018/2020e

>Opinion Achat et OC 15.6 € maintenus - En dépit de la révision moyenne de -6.6% de nos BPA 2018/2020e, liée à des ajustements sur les frais financiers et intérêts minoritaires, nous maintenons notre objectif de cours à 15.60 €, fondé sur une moyenne entre un DCF (13.43 €, avec un CPMC à 4.40% et un taux de croissance à l’infini inchangé à 1.80%) et une SOP (17.70 €). Au cours actuel, les multiples de valorisation 2018 ressortent globalement en ligne avec la moyenne h...
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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