Cash flow resilience

24/11/23 -"Despite our lower EPS estimate for FY23, our target price has not been negatively impacted as cash flow generation remains strong and there is a high degree of visibility on shareholder returns (40% ..."

Executive summary
Conflict of interest

Pages

Language

English

Published on

24/11/23

Download

You may also be interested by these reports :

14/11/25

Helleniq Energy

Q3 confirms a stronger refining base, with volumes rising from 3800 kt to 4281 kt and realised margins jumping to $17.2/bbl. We raise our refining ...

14/11/25

Helleniq Energy

Helleniq delivered a strong Q3 2025, with EBITDA reaching €365m (+100% QoQ). The quarter was driven by exceptional downstream performance, supported ...

13/11/25

Tecnicas Reunidas

From REDUCE to ADD

13/11/25

Tecnicas Reunidas

Técnicas Reunidas delivered a solid quarter, with record EBIT and a 4.5% margin, driven by the strong expansion of the Natural Gas segment (9M25 ...

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

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking

Trading in corporate shares

Analyst ownership

Advising of corporate (strategy, marketing, debt, etc)

Research paid for by corporate

Provision of corporate access paid for by corporate

Link between and a banking entity

Brokerage activity at AlphaValue

TotalEnergies