(Boursier.com) — Lisa points up slightly the day after its annual point. In an environment where inflationary pressures should be reduced, the Group aims to improve its benchmark financial indicators: current operating profit and Free Cash Flow.
Oddo BHF reports operational results close to its expectations. The valuation remains moderate at 7.2x EBITDA and 14x 2024 EBIT (respectively 6.3 and 11.7x 2025), in line with or below historical ratios, says the broker. These ratios reflect a discount of 30% compared to comparables. Following the reorganization within the capital, Peugeot Inv. which held 14% of Lisi’s round of funding recently sold 4%, i.e. a balance of 10% with a lock up until July 2024. The risk of flow back remains but limited in the short term. The broker confirms its ‘outperformance’ opinion on a stock which appears in its half-yearly Midcap Selection.
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