Capgemini


TRAPPED CAPGEMINI NEEDS MORE THAN WNS MARGINS (BUY, 68% UPSIDE)

07/10/25 -" Since our last Idea Kicker (27 August 2024) on Capgemini (BUY ; France), the group has sadly seen little in the way of a turnaround. Demand remains subdued across most regions, with only a modest ..."

Pages
57
Language
English
Published on
07/10/25
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07/10/25
Since our last Idea Kicker (27 August 2024) on Capgemini (BUY ; France), the group has sadly seen little in the way of a turnaround. Demand remains ...

06/10/25
Our 2025E and 2026E EPS forecasts have been updated with the integration of WNS. WNS benefits from a higher operating margin than Capgemini (18.5% vs ...

29/09/25
Heavily anticipated in July, the bottom line has fundamentally deteriorated, and the macroeconomic context offers little prospect of a notable ...

29/09/25
Despite the downward revision of our target price, we maintain a positive stance on the stock, albeit in a more moderate way (Add vs. Buy), given a ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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