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SFPI Group

CR
Bloomberg   SFPI FP
Misc. Bldg & Construct Prod  /  France  Web Site   |   Investors Relation
Safety solutions and safe operations at its heart
Target
Upside 104%
Price (€) 2.41
Market Cap (€M) 239
Perf. 1W: 0.84%
Perf. 1M: 4.33%
Perf. 3M: 12.9%
Perf Ytd: 8.56%
10 day relative perf. to stoxx600: 0.61%
20 day relative perf. to stoxx600: -2.84%
EPS change24/09/2021

Very strong H1 21 execution indeed

Change in EPS2021 : € 0.29 vs 0.25+17.4%
2022 : € 0.33 vs 0.27+23.2%

With sales back to 2019 levels and operating margins substantially higher (+470bp to 7.7%), we have allowed for a 2021 bound to be an excellent harvest. While headwinds might crop up in 2022, notably on input costs, the jury is still out so that 2022 margins have been raised as well.



Change in DCF€ 5.15 vs 4.18+23.1%

The DCF benefits from a stronger than expected spot net cash position and from the upgrades to near-term earnings and FCF generation. A proportion of these upgrades is derived from a more efficient cost base so that it may resist likely future swings in demand.



Updates

10 Oct 22 Earnings/sales releases
H1 sees contracting margins

17 May 22 EPS change
As strong as its locks

27 Apr 22 Earnings/sales releases
Great 2021, solid start to 2022, €600m revenue...

24 Sep 21 Other news/comments
In excellent shape

24 Sep 21 EPS change
Very strong H1 21 execution indeed

04 Jun 21 Earnings/sales releases
Sound business shows its mettle in Covid and p...

28 Sep 20 Earnings/sales releases
H1 behind with limited scars; H2 partial reversio...

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