Suez : Return to normal in 2021, but this year the stakes lie elsewhere
>Neutral recommendation and target price of € 16.3 maintained - Following the publication of 2020 results, which were broadly in line with our expectations, we maintain our Neutral recommendation and our price target at € 16.3, based on an average between a DCF (€ 15.12), with a WACC of 5.37%, a perpetual growth rate unchanged at 1.8% and an SOP (€ 17.38). At the current price, EV valuation multiples reveal a premium of 5.4% vs the historical average (EV/EBITDA 8.2x a...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.