AlphaValue Corporate Services
COVERAGE ABOUT US CONTACT FR
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

Chargeurs

CR 		Bloomberg   CRI FP
Support Services  /  France  Web Site   |   Investors Relation
From an industrialist to a luxury player?
Target
Upside 54.5%
Price (€) 8.95
Target Price (€) 13.8
Market Cap (€M) 224
Perf. 1W: 4.92%
Perf. 1M: 10.6%
Perf. 3M: -3.66%
Perf Ytd: -34.0%
10 day relative perf. to stoxx600: -1.20%
20 day relative perf. to stoxx600: 9.70%
EPS change09/05/2014
Download

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.
.