Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Voltalia : Une bonne dynamique au T4 2021, surtout pour les services

>Recommandation relevée à Surperformance au regard du cours actuel - A l’issue de la publication d’un chiffre d’affaires 2021 au-dessus de nos attentes et en raison d’une valorisation décotée par rapport aux pairs, nous relevons notre recommandation à Surperformance vs Neutre et maintenons l’objectif de cours de 22.0 €. Celui-ci repose sur un DCF avec une croissance moyen terme de 400 MW/an au-delà 2023 (20.5 €/action), et une SOP (23.2 €/action) intégrant les 2.6 GW ...
Underlying
Voltalia

Voltalia. Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.

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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