Valeo : Une transformation technologique… mais financière aussi
Les objectifs 2022 restent éloignés des ambitions précédentes et semblent confirmer la difficulté croissante d’allier technologie et performance financière. Le rebond boursier du S2 nous semble difficilement justifiable par les fondamentaux qui vont rester tendus (ODDO BHF 13% en deçà des attentes en 2020) et nous confortent dans l’idée que la valorisation du titre est aujourd’hui excessive. Opinion Alléger maintenue. - >A fin 2019, difficile de répondre par l’affirmative ...Valeo is an automotive supplier, partner to automakers worldwide. As an industrial and technology company, Co. focuses on designing, manufacturing and selling components, integrated systems and modules for automobiles and heavy goods vehicles, both on the original equipment and the aftermarket segments. In addition, Co. offers innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving to its customers. Co. operates through four business groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.
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.