Gemalto NV

Gemalto is a holding company. Co., through its subsidiaries, provides digital security solutions, mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM) in mobile phones, smart banking cards, electronic passports, and USB tokens for online identity protection. Co. also provides software, systems and services to help its customers achieve their goals. Co. operates in three business segments: Mobile Communication; Secure Transactions; and Security.
  • TickerA0CA8L
  • ISINNL0000400653
  • CountryNetherlands

Analysts

Richard-Maxime Beaudoux

- Gemalto: (TENDER TO THE OFFER, Fair Value EUR51 (

Brief Comment - Gemalto: (TENDER TO THE OFFER, Fair Value EUR51 (+3%)) EU confirms it will open full-scale investigation into Thales bid for Gemalto

Pierre François Merveille

Gemalto : Atos has gained ground on Gemalto but has yet to score the winning try

Publication date 18/12/2017 16:32 - Writing date 15/12/2017 10:44 - Equity data - Reco: Buy - Target: € 46 - Equity Analyst : Emmanuel Matot - [email protected] - +33-4 72 68 27 09 - ESG Analyst: xxx - Corporate governance: Strong opportunity (1) - / - / - - - - - - - - - - - - - - - - - - - - - > - Atos on Monday announced a planned € 46/ share offer for Gemalto that was rebuffed - Earlier this week, Atos announced a planned cash offer for Gemalto at a price of € 46 per Gemalto share representing a capital value of € 4.3bn and an enterprise value of around € 5....

Pierre François Merveille

Gemalto : Thales, a white knight that changes the equation for Gemalto

>Thales announces a counter-offer to buy Gemalto, Atos pulls out - Thales (A2/A-) announced yesterday that it has reached an agreement with Gemalto (BBB- estimated) to acquire Gemalto at a cash price of € 51 per share. Thales’ takeover offer has been unanimously recommended by Gemalto's board of directors, unlike Atos € 46/share offer unveiled last week. It represents a premium of 11% over Atos' bid and of 57% over Gemalto's share price on 8 December. It values Gemalto at € 4.8bn (€ 5.6bn including debt) or approximately 11.3x our EBITDA estimate for 2018. In view of Gemalto’s harsh rejection ...

Pierre François Merveille

Gemalto : Thalès, un chevalier blanc qui change l'équation pour Gemalto

>Thalès surenchérit pour racheter Gemalto, Atos abandonne la partie - Thales (A2/A-) a annoncé hier qu'il avait trouvé un accord avec Gemalto (BBB- estimé) pour le rachat de ce dernier au prix de 51 EUR/action. L'offre en cash de Thalès est recommandée à l'unanimité par le conseil d'administration de Gemalto, contrairement au projet d'offre d'Atos à 46 EUR/action qui a été dévoilé la semaine dernière, et fait ressortir une prime de 11% par rapport à la proposition d'Atos, et de 57% par rapport au cours de l'action Gemalto le 8 décembre. Elle valorise Gemalto à 4,8 mds EUR (5,6 mds EUR dette in...

Pierre François Merveille

Gemalto : Atos, dans les 22 mètres de Gemalto, n’a pas encore marqué l’essai

>Atos a dévoilé lundi soir son projet d’offre à 46 EUR/action Gemalto, qui est repoussée par ce dernier - Atos a annoncé en début de semaine un projet d‘offre de rachat en cash au prix de 46 EUR par action Gemalto soit une valeur des fonds propres de 4,3 mds EUR et une valeur d'entreprise d'environ 5,1 mds EUR (sur la base de la dette nette au 30 juin 3017). Le projet d'acquisition non solicité, qui a été présenté au conseil d'administration de Gemalto le 28 novembre, est repoussé de manière virulente par ce dernier, tant pour des raisons de valorisation que de stratégie et de risques d’exécut...

Gemalto : 2017 … invalid PIN code!

Gemalto reported a decline in 1Q17 sales (down by -6% yoy and by -8% yoy on constant currency) following a slowdown in all of its businesses, particularly in the US payments. The group was also forced to make its third profit warning in only 6 months, which emphasizes management’s low visibility and the prolonged weakness of two of Gemalto’s largest businesses this year (i.e. Mobile SIM and Payment, representing 18% and 30% of pro-forma revenues in 2016). We now forecast a -12% organic decline of Gemalto’s adjusted EBIT in 2017 (excluding the 8-month contribution of 3M’s Identity Management bu...

Richard-Maxime Beaudoux

GEMALTO - End of coverage | EUR51(0%) Success of Thales offer for Gemalto, with the 95% threshold exceeded

GEMALTO - End of coverage | EUR51(0%) Success of Thales offer for Gemalto, with the 95% threshold exceeded 97.02% of GTO shares have been tendered to the offer Thales has reached the 95% threshold needed for a delisting This is our last paper on Gemalto

Richard-Maxime Beaudoux

GEMALTO: Success of Thales offer for Gemalto, with 85.58% of GTO shares tendered | Tender to the offer | EUR51

GEMALTO - Tender to the offer | EUR51(0%) Success of Thales offer for Gemalto, with 85.58% of GTO shares tendered 85.58% of GTO shares have been tendered to the Thales’ offer The offer is declared unconditional Gemalto will be consolidated by Thales as of 1st April We maintain our “Tender to the Offer” recommendation

Gemalto NV

Gemalto NV

Emmanuel Matot

Gemalto : Last earnings release before takeover by Thales

>2018 results close to forecasts for operating figures – return to earnings growth - Gemalto has just reported its 2018 earnings. The operating figures came in close to our forecasts. The underlying operating profit target (+5-10%) was reached (+7% to € 332m vs our forecast of € 340m) on flat sales growth (+3% stripping our forex, including +3% in Q4).This return to earnings growth stems from the smartcard and issuance services division (underlying operating prof...

1 director sold

A director at Gemalto N.V. sold 12,000 shares at 50.532EUR and the significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Aurelien Sivignon
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Martial Descoutures
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 02/14/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Aurelien Sivignon
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 14/02/2019

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/26/2018 Date Performance since listing Date Performance since listing

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 26/10/2018

...

Emmanuel Matot ...
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 08/31/2018

...

Gemalto NV

Gemalto NV

Gemalto NV

Gemalto NV

Gemalto NV

Pierre François Merveille

Gemalto : Thales met définitivement la main sur Gemalto. Nous arrêtons la couverture de Gemalto

>Thales a annoncé mardi la finalisation de l’acquisition de Gemalto - Thales avait annoncé le 17 décembre 2017 avoir trouvé un accord avec Gemalto pour racheter la société au prix de 51 EUR par action ordinaire coupon attaché, portant sur l’ensemble des actions de Gemalto. Thales a officiellement lancé son offre fin mars 2018, après approbation du document d’offre par l’autorité hollandaise des marchés financiers (AFM).L’offre de Thales était conditionnée par l...

Pierre François Merveille

Gemalto : Thales has finally snatched up Gemalto. We are discontinuing coverage of Gemalto

>Thales announced Tuesday the completion of the acquisition of Gemalto - On 17 December 2017, Thales announced that it had reached an agreement with Gemalto to buy all of Gemalto shares at a price of € 51 per ordinary share (attached coupon). Thales officially launched its offer at the end of March 2018, after the offer document was approved by the Dutch financial markets regulator (AFM).Thales' offer was subject to an acceptance threshold of 67% being exceeded...

MarketLine Department

Gemalto N.V. - Strategy, SWOT and Corporate Finance Report

Synopsis Gemalto N.V. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Gemalto N.V. required for business and competitor intelligence needs - A study of the major internal and external factors affecting Gemalto N.V. in the form of a SWOT analysis - An in-depth view of the business model of Gemalto N.V. including a breakdown and examination of k...

Jehanne Leroy

Proxy Report - 18/05/2018

Le principal sujet de cette assemblée générale porte sur l'offre publique lancée par Thales sur les titres Gemalto. On rappellera que l'offre de Thales est en fait une surenchère sur l'offre qu'avait faite Atos à Gemalto. Ainsi, cela démontre bien l'intérêt du libre jeu de l'offre et des surenchères qui proposent des conditions plus profitables aux actionnaires. Par ailleurs, cela permet également la constitution de champions nationaux. En cas de succès de l'offre (c'est à dire en cas d'apport de plus de 67% du capital), à l’issue du règlement-livraison de l’Offre, le Conseil d’administration...

Valérie GASTALDY

Analyse moyen terme - GEMALTO NV (ex. AXALTO) : Une OPA est en cours.

Une OPA est en cours.

Valérie GASTALDY

Medium term view - GEMALTO NV (ex. AXALTO) : The company is under offer.

The company is under offer.

Valérie GASTALDY

Analyse court terme - GEMALTO NV (ex. AXALTO) : Une OPA est en cours.

Une OPA est en cours.

Valérie GASTALDY

Short term view - GEMALTO NV (ex. AXALTO) : The company is under offer.

The company is under offer.

Louis AZAIS

Analyse court terme - GEMALTO NV (ex. AXALTO) : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 44,10 €. La tendance serait remise en cause par la rupture de 44,10 €.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch