Chargeurs

ISIN : FR0000130692

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From an industrialist to a luxury player?

Opinion	Target Price	Upside	Price	Market Cap	Bloomberg Code	Investors Relation
Buy	€ 17.1	118%	€ 7.84	€M 197	CRI FP	Click here

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Analyst reports

Date	Title	Research
16/09/2023	Adjustments to our FY 23-24 outlook following the H1 results	Download
12/09/2023	Solace in museums	Download
26/05/2023	Adjustments to our FY 23-24 estimates	Download
25/05/2023	Heading for a Chargeurs Advanced Materials rebound?	Download
13/03/2023	Strong 2022 introduces a promising 2023	Download
19/12/2022	From an industrialist to a luxury player?	Download
15/11/2022	Downwards revision following the Q3 release	Download
10/11/2022	Q3 22: a subdued quarter	Download
22/09/2022	Adjustments to our FY 22-23 outlook following the H1 results	Download
15/09/2022	The up-and-coming luxury player	Download
12/09/2022	H1 22: an encouraging start to FY 2022 demonstrating the group's resilience	Download
13/05/2022	Upbeat start to 2022 propelled by strong growth in the traditional businesses	Download
24/03/2022	Slight adjustments to our FY22-23 outlook	Download
18/02/2022	FY21: CPF achieves record year, group’s financial position is strengthened further	Download
11/11/2021	Q3 performance confirms our FY view	Download
23/09/2021	Change of valuation profile	Download
13/09/2021	H1 21: strong execution and record order books raise confidence on FY22 outlook	Download
05/05/2021	Minor EPS adjustments following Q1 top-line publication	Download
05/05/2021	Protective Films and Healthcare Solutions lead to record Q1 results	Download
29/04/2021	Restocking effect uplifts our FY21-22 view on CPF	Download
20/04/2021	We have revised our earnings expectations after incorporating the FY20 figures and rolling forward our estimates through to 2023. The FY21 EPS forecast sees a slight decline due to a more gradual reco	Download
24/02/2021	CHS leads FY20 record result as Chargeurs embarks on new strategic plan	Download
28/01/2021	Upgraded FY20 EBIT guidance improves earnings outlook	Download
28/01/2021	FY20 ends on a high note as Protective Films bounces back	Download
11/11/2020	Healthcare-led Q3 lifts full-year outlook	Download
11/11/2020	Our FY20 EPS estimate increases on the back of higher top-line expectations for the Healthcare Solutions division (€335m versus €312m previously) and a narrower than expected sales contraction for Pro	Download
14/09/2020	Updated outlook emphasises organic growth ambitions	Download
14/09/2020	H1: an absolute home run	Download
29/04/2020	New healthcare products activity unlocks unforeseen organic growth potential	Download
17/04/2020	Adjusting our FY2020 expectations on COVID-19 impact	Download
14/04/2020	New protective equipment activity to help offset Coronavirus impact	Download
09/03/2020	Staying on course with strategic roadmap after a volatile 2019	Download
03/02/2020	FY19 sets a sound foundation for growth in 2020	Download
28/01/2020	Strategic move towards museum servicing fully established	Download
28/01/2020	Our increased TP sees its biggest impact from the changes to our NAV following the inclusion of D&P Incorporated and updated EV metrics for the group's divisions. Having already factored a c.€100m inc	Download
18/11/2019	Q3: another robust quarterly showing	Download
18/11/2019	We have slightly trimmed our 2019 EPS estimates based on a recurring EBIT target around the level reached in 2017 (€44m), given the softer dynamic presented particularly over H1 19. Nonetheless, Charg	Download
23/09/2019	Fine-tuning for Protective Films' challenging dynamic in H1	Download
18/09/2019	H1: organic growth recovery and a brighter outlook	Download
05/07/2019	Technical Substrates sprouting through acquired growth	Download
07/05/2019	Successful acquired growth offsets organic slowdown	Download
21/03/2019	Pricing acquired growth	Download
15/03/2019	Solid 2018 execution confirms growth potential	Download
31/01/2019	Solid 2018 vintage	Download
16/11/2018	On time delivery, cont’d	Download
07/09/2018	Robust earnings delivery in more choppy (FX) waters	Download
29/06/2018	One stone, many great birds	Download
29/06/2018	Sizeable PPC acquisition brings immediate leverage	Download
18/04/2018	Strong divisional contributions partly absorbed by financing costs	Download
09/03/2018	Strong operations confirm regime change	Download
26/01/2018	Robust Q4 sales match guidance.	Download
20/11/2017	Capex acceleration to foster quality growth	Download
16/11/2017	Discipline pays off	Download
11/09/2017	Strong cash flow invested in growth	Download
10/09/2017	Ship-shape form and growth-minded	Download
20/05/2017	Chargeurs opens its heart	Download
25/04/2017	Surprisingly strong Q1 growth at Protective Films	Download
24/04/2017	Protective Films pulls up valuation strongly again	Download
14/03/2017	Excellent 2016 delivery, confidence reinforced	Download
14/03/2017	Excellent 2016 comforts new management's ambitions	Download
31/01/2017	Strong 2016 sales and operating delivery	Download
31/01/2017	Preliminary 2016 strong delivery and upgrade to DCF	Download
15/11/2016	Very solid Q3 revenues indeed	Download
14/09/2016	Very convincing first half indeed	Download
14/09/2016	H1 shows jump in profitability	Download
20/07/2016	Chargeurs goes for acquired growth, at last	Download
09/05/2016	We have updated our figures with 2015 finals and given a slightly more positive twist to 2016 after strong Q1 revenue figures on a pro forma basis.	Download
04/04/2016	Very strong 2015 Ebit delivery helps boost forecasts and valuatuon	Download
15/03/2016	Strong 2015 earnings and refreshing growth tone	Download
28/01/2016	Confirmed robust 2015 sales	Download
12/11/2015	Q3 sales growth where it matters: protective films	Download
08/10/2015	Change of control	Download
08/09/2015	Voting rights reaffirmed	Download
02/09/2015	An unexpected growth message wrapped in a strong H1	Download
02/09/2015	Strong H1 and more offensive stance	Download
15/05/2015	Chargeurs Redux	Download
23/03/2015	Faster forward	Download
10/02/2015	2014 sales above expectations	Download
18/11/2014	Volume growth confirmed	Download
03/09/2014	Sparkling H1 results from Protective Film business	Download
12/05/2014	Chargeurs has released Q1 sales up 1.9% pro-forma although down 1.8% after allowing for forex and price negatives	Download
09/05/2014	Solid operations and zero debt	Download
11/03/2014	Solid operations combine with zero debt	Download
21/01/2014	More of the same	Download
25/11/2013	Steady going over Q3	Download
02/09/2013	Deep, deep discount and firming up ground	Download
01/09/2013	Corner turned?	Download
19/04/2013	Allowing for the detailed 2012 final results	Download
24/01/2013	€16m 2012 loss; regaining room for manoeuvre	Download
24/01/2013	Stronger balance sheet, shame about the 2012 earnings	Download
26/11/2012	Resistance of prices, drop in volumes	Download
26/11/2012	Worsening economic context as from Q2, recovery expected as from 2013	Download
03/10/2012	Worsening context weighs on profitability	Download
04/05/2012	Lower volumes will impact profitability	Download
19/03/2012	Increasing profitability in a challenging context	Download
21/01/2012	Sales release: in line with our expectations	Download
02/12/2011	Eduardo Malone has increased his stake	Download
23/11/2011	We also include an amount of €-4m to partly offset "other operating cash flows" in the Cash Flow Statement (adjustment line which was no longer taken into account from 2014 in our model).	Download
16/11/2011	Visible slowdown in demand	Download
16/11/2011	Visible slowdown in order inflow for Q4	Download
16/11/2011	Visible slowdown in demand	Download
29/08/2011	For H1 11, Chargeurs reported a 13.6% increase yoy in revenues to €290.7m, mainly due to a price effect of 10.4%. Operating income amounted to €14.6m +15% driven by volumes, mix and pricing power (the	Download
17/05/2011	Through a total return swap, Pathé has sold 734,035 Chargeurs shares and now owns only 1m shares, corresponding to 7.75% of the capital and 7.70% of the theoretical voting rights. Consequently, the s	Download
10/05/2011	Q1 11: revenue was €140.6m, up 14.6%, of which c.11% due to the raw material price increase and 4% to higher volumes. The better top-line growth was in the wool division up 18% to €47.8m. For H1, ma	Download