We upgrade FACC to Outperform from Neutral, raising our DCF-based TP to € 15.50 from € 10. Despite the strong run, we believe the company’s double-digit organic growth profile and strong margin expansion potential are not adequately priced in, with the stock remaining among the cheapest in the aerospace sector. Based on EV/EBIT and P/E multiples, the shares trade at a significant 33-45% discount to the sector for 2026e, widening to 48-57% for 2027e which we view as unjustified.
Two Directors at SC Fondul Proprietatea S.A. sold/bought 1,623,930 shares at between 0.676RON and 0.743RON. The significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's...
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