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
  • ExchangeEuronext Amsterdam
  • SectorSoftware & Computer Services
  • CountryNetherlands

Analysts

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...

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 Merveille

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...

Gemalto : Update on the credit after the massive profit warning in October and the pending acquisition of 3M’s Identity Management business

We upgrade our credit opinion to Positive (vs. Stable). Despite the weakness of the Mobile SIM segment and near-term headwinds for Payment solutions, Gemalto should report flattish revenues in 2016 thanks to the growing diversification of its business portfolio. We estimate a net leverage of 1.4x in 2016 pro-forma the announced acquisition of 3M’s Identity Management unit last month (vs. 0.6x in 2015), but we are confident that the group will improve its credit metrics in 2017, barring further external growth. The improvement will be supported by higher margins, material FCF generation, and mo...

Gemalto : Update on the credit after the massive profit warning in October and the pending acquisition of 3M’s Identity Management business

We upgrade our credit opinion to Positive (vs. Stable). Despite the weakness of the Mobile SIM segment and near-term headwinds for Payment solutions, Gemalto should report flattish revenues in 2016 thanks to the growing diversification of its business portfolio. We estimate a net leverage of 1.4x in 2016 pro-forma the announced acquisition of 3M’s Identity Management unit last month (vs. 0.6x in 2015), but we are confident that the group will improve its credit metrics in 2017, barring further external growth. The improvement will be supported by higher margins, material FCF generation, and mo...

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

Gemalto NV

Gemalto NV

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 - 31/08/2018

...

Matthieu Lavillunière ...
  • Maxime Dubreil

INVEST SECURITIES - Gemalto : Le scénario du management gagne du crédit - APPORTER, OC 51€

Le T1 2018 se révèle rassurant au regard des déconvenues de 2017. Cette embellie permet de crédibiliser les objectifs 2018 du management. Au regard de la forte saisonnalité attendue des résultats entre S1 et S2 en 2018, nous ne devrions toutefois pas pouvoir constater leur réalisation, Gemalto devant être sortie de cote par Thalès avant leur communication début 2019. Cette publication ne change toutefois pas notre sentiment. Nous conseillons toujours d'apporter à l'offre de Thalès à 51€ par action, notre valorisation par DCF n'arrivant à justifier que 45€.

Gemalto NV

Gemalto NV

Gemalto NV

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Gemalto NV

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Gemalto NV

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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

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 €.

Louis AZAIS

Short term view - GEMALTO NV (ex. AXALTO) : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €44.10. A break below €44.10 would challenge the trend.

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