FNAC DARTY

Fnac Darty is engaged in the leisure and entertainment, technology, and household appliances retail market in France and a player on markets in other countries where it operates such as Spain, Portugal, Belgium, the Netherlands and Switzerland. Fnac Darty also has franchise operations in Morocco, Qatar and Ivory Coast.
  • TickerA1T95K
  • ISINFR0011476928
  • ExchangeEuronext Paris
  • SectorGeneral Retailers
  • CountryFrance

Analysts

Clement Genelot

FNAC DARTY: Fnac Darty in exclusive negotiations to acquire BilletReduc | BUY | EUR93

FNAC DARTY - BUY | EUR93(+54%) Fnac Darty in exclusive negotiations to acquire BilletReduc Fnac Darty in exclusive negotiations to acquire BilletReduc.com EUR35-45m estimated cash-out for a highly profitable business Fnac could strengthen its leading position in French ticketing Another step towards sales mix adjustment

Clement Genelot

FNAC DARTY: Temporary Yellow Vests impact to be put into perspective | BUY | EUR93 vs. EUR104

FNAC DARTY - BUY | EUR93 vs. EUR104 (+59%) Temporary Yellow Vests impact to be put into perspective EUR45m in-store sale losses in Q4 vs Fnac Darty’s budget No catch-up in e-commerce or at the end of December The drop-through to EBIT is not negligible Buy confirmed, FV lowered from EUR104 to EUR93

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Jeremy Garnier
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2019

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Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Jeremy Garnier
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2019

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Christophe Chaput

Fnac Darty : “Yellow vests” to have negative impact of around € 45m on end-of-year sales

>“Yellow vests”: negative sales impact of about € 45m - In a press release published yesterday after the close, Fnac – Darty issued a trading update and put the impact on sales from the “yellow vest” protests at € 45m in France and Belgium. These lost sales stem from store closures and lower footfall. In its press release, management said this lost business would impact on underlying operating profit, though it did not say by how much. In contrast, the Fnac Darty inte...

Anthony Giret

FNAC DARTY- 1H18 Comments

Fnac Darty has published another set of satisfactory results for 1H18, despite a slight decline in the top line. Sales decreased by 0.5% yoy to €3.2bn in H1, with LFL of -0.4%, due to theweak consumption environment in France, mainly in the competitive IT market (expected growth in household consumption spending for engineered goods is 1.4% for 2018, against 2.6% in 2017), and strikes in Q2. 

Anne-Barbara Nicco, CFA

Fnac Darty : The Carrefour option is also a catalyst for the credit

>Wednesday 05 July 2017 - Shareholders - Artemis - 24.7% - Knight Vinke - 11.6% - Vivendi - 11.3% - DNCA - 9.4% - Prudential - 4.9% - Free float - 38.0% - - Secondary market spreads - Issuer - Rating - Maturity - YTW - Fnac Darty - Ba2/BB - 2023 - 1.8% - Faurecia - Ba3 - 2023 - 1.7% - Rexel - Ba3/BB- - 2023 - 1.8% - Ardagh - Ba3/BB- - 2023 - 1.8% - - Indicative spreads - - / - Source: Bloomberg - Equity data - Recommendation: Buy - Target: € 75 - Equity analyst: Nicolas Kieffer - [email protected] - 33 (0)1 44 51 87 95 - ESG analyst: - - Corporate governance: -- - / - / - Alexandre Bompard a...

Anne-Barbara Nicco, CFA

Fnac Darty : L’option Carrefour comme catalyste aussi sur le crédit

>Alexandre Bompard a annoncé son départ de la présidence de Fnac Darty pour succéder à Georges Plassat à la tête de Carrefour. - Dans son étude du 02/06/2017 « La clé de l’option Bompard : un scénario de fusion Carrefour & Fnac/Darty », notre équipe de recherche equities estimait que la clé de l’arrivée de Mr Bompard chez Carrefour serait l’accord du Conseil d’Administration de ce dernier pour un rapprochement entre Carrefour et le groupe Fnac Darty, une hypothèse séduisante sur le plan managérial et économique pour les deux groupes qui dépasseraient en France le géant Amazon. Un potentiel d’u...

Clement Genelot

FNAC DARTY: Fnac Darty in exclusive negotiations to acquire BilletReduc | BUY | EUR93

FNAC DARTY - BUY | EUR93(+54%) Fnac Darty in exclusive negotiations to acquire BilletReduc Fnac Darty in exclusive negotiations to acquire BilletReduc.com EUR35-45m estimated cash-out for a highly profitable business Fnac could strengthen its leading position in French ticketing Another step towards sales mix adjustment

Clement Genelot

FNAC DARTY: Temporary Yellow Vests impact to be put into perspective | BUY | EUR93 vs. EUR104

FNAC DARTY - BUY | EUR93 vs. EUR104 (+59%) Temporary Yellow Vests impact to be put into perspective EUR45m in-store sale losses in Q4 vs Fnac Darty’s budget No catch-up in e-commerce or at the end of December The drop-through to EBIT is not negligible Buy confirmed, FV lowered from EUR104 to EUR93

Christophe Chaput

Fnac Darty : “Yellow vests” to have negative impact of around € 45m on end-of-year sales

>“Yellow vests”: negative sales impact of about € 45m - In a press release published yesterday after the close, Fnac – Darty issued a trading update and put the impact on sales from the “yellow vest” protests at € 45m in France and Belgium. These lost sales stem from store closures and lower footfall. In its press release, management said this lost business would impact on underlying operating profit, though it did not say by how much. In contrast, the Fnac Darty inte...

Clement Genelot

FNAC DARTY Reassuring signals for Q4

Q3 sales less soft than expected September and strong lineup point towards a better Q4 Soft retail environment should not jeopardize the margins A limited and opportunistic share buyback programme that does not change Fnac Darty's profile

Ahmed Ben Salem ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Hana Maalej
  • Harold De Decker
  • Hela Zarrouk
  • Jean Sassus
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Nicolas David
  • Olivier Lebrun
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 19/10/2018

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1 director bought

A director at Fnac Darty bought 250 shares at 90.720EUR and the significance rating of the trade was 52/100. 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 memb...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Jeremy Garnier
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2019

...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Jeremy Garnier
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2019

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Anne-Barbara Nicco, CFA

Fnac Darty : Vers un upgrade l’an prochain

A la suite de la publication des résultats S1 2018, nous conservons notre avis crédit Positif sur la signature. Malgré un attrait spéculatif moindre à court terme (Carrefour, Ceconomy), les performances stand alone en termes de progression de la marge opérationnelle et de génération de cash devraient, selon nous, permettre à la société de retrouver une situation de cash net fin 2018 et de probablement bénéficier d’un upgrade de son rating début 2019. - - >Le prix de l’oblig...

Anne-Barbara Nicco, CFA

Fnac Darty : Heading towards an upgrade next year

Following the release of H1 2018 results, we maintain our Positive credit opinion on the issuer. Despite a less speculative appeal in the short term (Carrefour, Ceconomy), the company's stand-alone performances in terms of operating margin growth and cash generation should enable it regain a net cash position at the end of 2018 and probably benefit from a rating upgrade in early 2019. - - >The 3.25% 2023 FNACFP senior notes’ price remained unchanged after the release of int...

Jehanne Leroy

Proxy Report - 18/05/2018

Le nouveau second actionnaire (SFAM) propose deux candidatures en résolutions externes (A et B), non agrées par le conseil d'administration. SFAM est aussi partenaire commercial de FNAC DARTY (assurance de mobiles et produits multimédia). Le conseil a échangé et discuté avec le nouveau premier actionnaire, Ceconomy, arrivé en juillet 2017 et exerçant certaines activités concurrentes à l'étranger, afin de trouver des candidatures indépendantes au conseil. Ainsi Ceconomy a proposé Mesdames Weber-Rey, Delphine Mousseau et Caroline Grégoire Sainte Marie comme administratrices indépendantes. Par a...

Matthieu DRIOL

Analyse court terme - GROUPE FNAC : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 69,50 € prochainement. Le prochain objectif est à 55,00 €, puis 52,70 €. Le franchissement de 84,60 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - GROUPE FNAC : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €69.50. The next target is at €55.00, then €52.70. Passing €84.60 would question the continuation of the fall.

Matthieu DRIOL

Short term view - GROUPE FNAC : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €69.50. The next target is at €55.00, then €52.70. Passing €84.60 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - GROUPE FNAC : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 69,50 € prochainement. Le prochain objectif est à 55,00 €, puis 52,70 €. Le franchissement de 84,60 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - GROUPE FNAC : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 54,30 €, puis 46,00 €. Le franchissement de 70,00 € remettrait en cause la suite de la baisse.

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