IDI | IDIP FP | Holding Companies | France | Updates

This research has been commissioned and paid for by the company and does therefore not constitute an inducement caught by the prohibition under MiFID II

IDI ^CR	Bloomberg IDIP FP
Holding Companies / France	Web Site \| Investors Relation

Private equity players buffeted by macro-economic headwinds

Target

Upside 34.9%

Price (€) 68

Target Price (€) 91.7

Market Cap (€M) 493

Perf. 1W:	-0.29%
Perf. 1M:	-0.29%
Perf. 3M:	-2.67%
Perf Ytd:	8.02%

10 day relative perf. to stoxx600:	3.64%
20 day relative perf. to stoxx600:	2.44%

EPS change26/10/2023 17:27

Download

Adjustment following the completion of the sale of Flex Composite Group
Change in EPS	2023 : € 9.22 vs 6.45	+42.9%
	2024 : € 8.17 vs 8.13	+0.51%
Our EPS 2023 resets significantly higher due to the inclusion of the sale of Flex Composite Group (FCG) to Michelin, which has driven up the change in fair value to €89m in H1-23.
Change in DCF	€ 61.4 vs 45.2	+35.9%
Our DCF has improved significantly following the sale of FCG to Michelin. We have estimated the total proceeds at €278.4m (against an estimated book value of €207.2m) or 12x the initial investment of €23.2m, which has significantly improved our estimates for the FY 23 cash position.

15 Mar 24 Earnings/sales releases
FY23: IDI rewards its shareholders

28 Nov 23 Earnings/sales releases
Ending Q3 with firepower at its peak

26 Oct 23 EPS change
Adjustment following the completion of the sale...

28 Sep 23 M&A /Corp. Action
Masters the value creation playbook

26 Sep 23 Earnings/sales releases
Shielded against macro-economic turmoil

04 Sep 23 EPS change
Adjustment following Omnes acquisition

19 Jun 23 M&A /Corp. Action
IDI forges ahead in 2023 with solid divestments

13 Apr 23 Earnings/sales releases
FY22: IDI in a solid stand amidst an adverse en...

11 Jan 23 Latest
Faced with macroeconomic woes, IDI proves re...

14 Sep 22 Earnings/sales releases
H1 22: a new milestone for IDI