Report
Mariem Ben Nejma ...
  • Nicolas Thorez

Younited Financial : Promising new cycle, but stock market profile yet to be defined

Younited is a pure player in Europe’s consumer credit market. After a slowdown over the past two years, the fintech firm is looking to bring about significant value creation (2027 target ROE: 25%+) thanks to a more favourable configuration, a strengthened balance sheet and a transition towards a digital bank model. This new cycle looks promising, but the stock (listed via a SPAC) is currently illiquid (lack of free float), which makes the stock market status difficult to define at this stage (pending any market transaction). Coverage initiated with a Neutral rating, TP € 8.5.
Underlying
YOUNITED FINANCIAL S.A.

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
Mariem Ben Nejma

Nicolas Thorez

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