Report
Martin Marandon-Carlhian ...
  • Stephane Houri

Worldline : Une sanction boursière démesurée et une valorisation difficile à justifier

>Une sanction boursière dont l’ampleur est difficile à justifier – OC révisé à 20 € (vs 45 €), opinion Surperformance maintenue sur l’aspect spéculatif - Le titre Worldline était en baisse de 59% hier. Si l’avertissement est très important, notamment sur le FCF (-30/60% sur le FCF 23/24), c’est selon nous surtout la communication du groupe qui a été punie hier. L’empilement de plusieurs problématiques (ralentissement macro en Allemagne, qualité des e-commerçants) et l...
Underlying
Worldline SA

Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).

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
Martin Marandon-Carlhian

Stephane Houri

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