Oddo BHF - Technip Energies NV (TE) Technip Energies : Publication T3 2024 rassurante en amont du Capital Market Day

Report

Oddo BHF

Baptiste Lebacq

Technip Energies : Publication T3 2024 rassurante en amont du Capital Market Day

>Opinion Surperformance OC 27 € - Post publication et conférence téléphonique, nous avons ajusté notre séquence de BPA en intégrant notamment au titre de 2024 une croissance top line plus soutenue qu’escompté ainsi qu’un taux d’imposition plus élevé (ce qui pèse notamment post 2024). Nous réitérons notre recommandation Surperformance ainsi que notre OC de 27 € (méthode des comparables). Nous mettons en avant Technip Energies compte tenu de : 1/ son positionnement...

01/11/2024 1 FR

Underlying

Technip Energies NV

See profile

NL0014559478 Euronext Paris France

Provider

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.

See profile

Analysts

Baptiste Lebacq

Other Reports on these Companies

Oddo BHF

Technip Energies : CMD: building a sustainable model for FCF generation

>Outperform recommendation, TP lifted to € 29 - We reiterate our Outperform recommendation and are lifting our TP to € 29 (peer comparison), given a net cash (excl. client downpayments) position ahead of our expectations (~€ 1.2bn vs ~€ 0.9m estimated previously). The targets communicated at the CMD are very credible, but a possible diversification into adjacent businesses could prompt greater caution amongst some investors. We highlight Technip Energies given: 1...

36m 36m 1 EN

Oddo BHF

Technip Energies : CMD : Construction d’un Modèle Durable pour la génération de FCF

>Opinion Surperformance, OC relevé à 29 € - Nous réitérons notre recommandation Surperformance et relevons notre OC à 29 € (méthode des comparables), compte tenu d’une trésorerie nette (hors avances clients) supérieure à nos attentes (~1.2 Md€ vs ~0.9 estimé auparavant). Les objectifs communiqués lors du CMD sont très crédibles, une éventuelle diversification sur des business adjacents pourrait cependant amener certains investisseurs à se montrer plus prudents. N...

40m 40m 1 FR

Moody's Investors Service

Moody's Ratings downgrades TECO Finance's bank credit facility rating to Baa3; outlook negative

Moody's Ratings (Moody's) today downgraded TECO Finance, Inc.'s (TECO Finance) senior unsecured bank credit facility rating to Baa3 from Baa1. The outlook remains negative. RATINGS RATIONALE "TECO Finance's rating downgrade reflects a change in the guarantor for the TECO Finance credit facilit...

EUR 171.85

10h / 22m 10h / 22m 1 EN

What can Trump change in the US real estate sector?

The United States does not produce enough houses and apartments. There is currently a shortage of around 3 million given the increase in the population. Potential demand exists but is not solvent due to the level of prices and borrowing rates. Donald Trump made his fortune in real estate. He must have some ideas on this subject. Several of the measures he promotes may worsen the problem. Taxing imports risks increasing the cost of materials. Reducing the number of foreigners, man...

33m 33m 1 EN

Baptiste Lebacq

Baptiste Lebacq

Technip Energies : CMD: building a sustainable model for FCF generation

36m 36m 1 EN

Michael B. Schäfer

Michael B. Schäfer

BASF : Feedback from mgmt. dinner - good October volumes, primarily in 'core Verbund'; tight race to make/break € 8bn EBITDA 24 guidance (css € 7.86bn)

>Make or break € 8bn 2024 EBITDA guidance? 'Tight race', says mgmt; consensus already cautious at € 7.86bn, good 'Verbund' volume trends seen continuing in October - BASF hosted a sell-side/investors dinner with the executive board. BASF’s management confirmed a 'tight race' to make/break its FY 24 guidance, while the good volume trends seen primarily in the core 'Verbund' (Q3 24 +6.8% y-o-y vs 4.9% at group level) continued in October. The CEO indicated that this is ...

39m 39m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Technip Energies : Publication T3 2024 rassurante en amont du Capital Market Day

Technip Energies : CMD: building a sustainable model for FCF generation

Technip Energies : CMD : Construction d’un Modèle Durable pour la génération de FCF

Moody's Ratings downgrades TECO Finance's bank credit facility rating to Baa3; outlook negative

What can Trump change in the US real estate sector?

Technip Energies : CMD: building a sustainable model for FCF generation

BASF : Feedback from mgmt. dinner - good October volumes, primarily in 'core Verbund'; tight race to make/break € 8bn EBITDA 24 guidance (css € 7.86bn)

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe