Updated assumptions and a lower target price

28/03/24 -"The decrease in the target price follows the updating of our model. The main impact has been on the comparison-based valuations. The group’s activities are sensitive to GDP growth and the economic ..."

Executive summary
Conflict of interest

Pages

Language

English

Published on

28/03/24

Download

You may also be interested by these reports :

26/08/26

Electrolux

The lower target price mainly reflects the update of our model. 2026 earnings will be impacted by significant restructuring charges, and we no longer ...

15/08/26

TomTom

We take a more cautious view on TomTom as continued revenue declines are now compounded by profitability pressure. While FY26 guidance remains at ~3% ...

13/08/26

Husqvarna

The new target price is derived from the update of our model. The share price decreased year-to-date in line with the Consumer Durables sector ...

13/08/26

CEWE

Solid 2Q26 results, distorted by one-offs – FY26E outlook confirmed

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