(CercleFinance.com) – The title Fountaine Pajot is well oriented on Wednesday on the Paris Stock Exchange while analysts at Portzamparc have included the manufacturer of catamarans in their list of preferred mid-caps (‘High Five’).
The design office, which highlights in particular an order book seen ‘in double digits’ for the 2022/2023 financial year, displays a buy recommendation on the value, accompanied by a target price of 169 euros representing upside potential of 33%.
Portzamparc also highlights price effects which should begin to bear fruit on the margin, as well as a favorable product/customer mix which should become more pronounced in the second half of the year.
Analysts also mention valuation multiples that are “still down” compared to the group’s comparables, with in particular an Enterprise Value / Ebit ratio of 2.5x against 3.7x to 7.2x for the sector.
Around 12:15 p.m., Fountaine Pajot progressed by 2.5%.