Suez : Message de confiance sur 2018 et d’espoir pour 2019
>Opinion Achat et OC 15,6 € maintenus - A l’issue d’un roadshow d’une journée avec le management à Genève, 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 historique de l’année en cours (VE/EBITDA 5,6x et VE/EBIT 12,2x). Au-del...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).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.