Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Verbund : Des perspectives de croissance plus faibles que les comparables

>Opinion dégradée à Sous-performance, OC de 57.5 € vs 55.0 € - En dépit de conditions de marché plus favorables qui nous ont amenés à réviser en hausse nos estimations de mark to market de prix de l’électricité à partir de 2022, notre valorisation n’est relevée que de 5% à 57.5 €. Ce nouvel OC reste inférieur au cours actuel de Verbund qui souffre, selon nous, de l’insuffisance de relais de croissance de sa capacité installée par rapport à ses comparables pures player...
Underlying
VERBUND AG Class A

Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial customers.

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
Louis Boujard, CFA

Philippe Ourpatian

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