Suez : The road show with the CFO confirms our confidence
>Buy rating and target price of € 15.6 maintained - Following a road show in Frankfurt with the CFO, we maintain our target price of € 15.60, based on an average between a DCF (€ 13.37, with a WACC of 4.35% and a perpetual growth rate unchanged at 1.80%) and an SOP (€ 17.91). At the current share price, 2019 valuation multiples are broadly in line with the current year’s historic average (EV/EBITDA 5.6x and EV/EBIT 12.2x). Besides the steps taken to restore confidence...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.