Report
Baptiste Lebacq

TechnipFMC : Hisse haut…on trouve l’or au fond des ruisseaux

>Opinion Surperformance, OC 25.3 $ vs 25 $ - A l’issue de la publication et de la conférence call, nous relevons notre OC à 25.3 $ (vs 25 $ auparavant), basé sur un multiple de PE Next 12m de 20x. L’ajustement de nos attentes 2024 provient quasi exclusivement d’une fiscalité plus lourde qu’initialement escompté (séquence d’EBITDA 2024/26 ajustée en hausse de 2%). TechnipFMC, (FTI), à l’image de la plupart des acteurs des services pétroliers, affiche un discours t...
Underlying
TechnipFMC Plc

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.

Provider
Oddo BHF
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.

Analysts
Baptiste Lebacq

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