(Boursier.com) — New session in the green for Dried Environment which jumped nearly 5% to 112.6 euros. From its exchanges within the framework of the Nextcap forum, Oddo BHF retains a management statement that is in line with the trends of the 1st quarter, confirming the continuation of growth both in France and internationally and the good control of margins. By the end of the year, management should display its new roadmap (financial and CSR objectives) while the objectives previously set for 2025 have been achieved.
Despite a remarkable stock market performance (+80% in 2021, +16% in 2022 and +19% since January 1), the valuation remains modest (5.6x EBITDA and 11.5x EBIT 2024e), posting a discount of 12% vs historical ratios while the growth dynamic is confirmed (TMVA 2022/25e +14% for EBIT). The average discount compared to comparables comes out for its part at 10%, adds the analyst, to “outperform” on the file with a target raised from 130 to 135 euros.
©2023 Boursier.com