AlphaValue Corporate Services
This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II


Bloomberg   CRI FP
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Strong 2025 ambitions, luxury flavour
Upside 107%
Price (€) 12.89
Market Cap (€M) 319
Perf. 1W: -0.31%
Perf. 1M: -0.77%
Perf. 3M: -15.0%
Perf Ytd: -47.6%
10 day relative perf. to stoxx600: -0.72%
20 day relative perf. to stoxx600: -10.3%
EPS change09/05/2014

Solid operations and zero debt

Change in EPS2014 : € 0.56 vs 0.52+7.07%
2015 : € 0.75 vs 0.52+42.6%

Eps clearly benefit from the strong 2013 actuals which establish a confident base for the mid-term outlook.

Change in DCF€ 8.96 vs 6.37+40.6%

Although a DCF is not the preferred valuation methodology, the upgrades to 2014-16 earnings have a direct positive impact on valuations, also helped by the fact that the group has moved to a net cash position.


15 May 15 Target Change
Chargeurs Redux

23 Mar 15 Earnings/sales releases
Faster forward

10 Feb 15 Earnings/sales releases
2014 sales above expectations

18 Nov 14 Earnings/sales releases
Volume growth confirmed

03 Sep 14 Earnings/sales releases
Sparkling H1 results from Protective Film busin...

12 May 14 Earnings/sales releases
Chargeurs has released Q1 sales up 1.9% pro-f...

09 May 14 EPS change
Solid operations and zero debt

11 Mar 14 Earnings/sales releases
Solid operations combine with zero debt

21 Jan 14 Earnings/sales releases
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