TechnipFMC : A business model to win offshore contracts
>Outperform recommendation and TP raised to $ 25 - In view of orders taken since the start of the year, the group should be able to post EBITDA growth of more than 35% in 2024. Following the earnings publication and conference call, we have raised our TP to $ 25 (vs. $ 23 previously), based on a next 12-months PE multiple of 20x. Despite a significant forex effect over the quarter, we have raised our EPS estimates by 1.4% for 2023 and more than 20% for 2024, to fac...TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.
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.