Tarkett is a global flooring company, providing a large range of flooring and sports surface solutions to business and residential end-users. Co. is organized in four segments: Europe, Middle East and Africa (“EMEA”); North America; Commonwealth of Independent States (“CIS”), Asia Pacific (“APAC”) and Latin America; and Sports Surfaces.
  • TickerA1W7CM
  • ISINFR0004188670
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

An increasingly favourable environment allows TARKETT to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of TARKETT (FR), a company active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title confirms its rating of 2 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date October 11, 2019, the closing price was EUR 14.09 and its expected value was estimated at EUR 13.99.

Jean-François Granjon

Tarkett : Feedback roadshow : objectifs 2022 confirmés ; OC ajusté à 16 € (vs 21 €)

>Focus sur le plan dans un contexte macroéconomique sous contrainte - Suite à un RS avec le management de Tarkett, nous comprenons que les principaux indicateurs macroéconomiques n’affichent pas d’inflexion favorable ni de dégradation depuis la publication des résultats semestriels. La priorité du management demeure l’exécution du plan 2019/2022 avec d’importants gains de productivité attendus (>30 M€ en moyenne par an). Notre séquence bénéficiaire est revue en baisse...

Jean-François Granjon

Tarkett : Roadshow feedback – 2022 targets confirmed – target price adjusted to € 16 (vs € 21)

>Focusing on the plan in a still-stressed macroeconomic climate - Following a roadshow with Tarkett's management, we understand the main macroeconomic indicators have not shown a favourable inflection, nor have they deteriorated since the half-yearly results release. Management's priority is still executing the 2019/2022 plan with significant productivity gains expected (>€ 30m on average per year). We have slightly lowered our earnings sequence (-6% for 2019 EBITDA a...

Eric Lemarie

TARKETT: Cautious views maintained | NEUTRAL | EUR18 vs. EUR21 (+9%)

TARKETT - NEUTRAL | EUR18 vs. EUR21 (+9%) Cautious views maintained We appreciate H2 should be much better But momentum and sentiment are clearly unfavourable New estimates revised down by 7% on the adjusted EBITDA New FV at EUR18 (vs EUR21), Neutral maintained

Jean-François Granjon

Tarkett : A less favourable Q2 – FY 2019 a year of transition – target price adjusted to € 21 (vs € 23)

>Interim results undershot our expectations - Tarkett reported interim earnings shy of our estimates Sales came in at € 1,412.3m (€ 1,423.4m estimated) vs € 1,317.3m y-o-y up 7.2% and up 1.3% on an organic basis (+2.7% estimated). This interim performance compared with organic growth of +3.7% in Q1 and is reflected in a marked slowdown in Q2 (-0.6%). The base effect was less favourable in Q2. Adjusted EBITDA came in at € 111.8m excl. IFRS 16 (€ 125.4m estimated) vs €...

Eric Lemarie

TARKETT: Efforts ongoing but market conditions just too hard | NEUTRAL | Under Review

TARKETT - NEUTRAL | Under Review Efforts ongoing but market conditions just too hard Deterioration in top-line growth in Q2 Adjusted EBITDA margin down 190bps in Q2 (before IFRS16) The environment remains challenging Cautious view maintained

1 director bought

A director at Tarkett Sa bought 17,000 shares at 13.480EUR and the significance rating of the trade was 75/100. 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...

Benoit Valleaux ...
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Nicolas David
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 09/09/2019

...

Benoit Valleaux ...
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Nicolas David
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 09/09/2019

...

Aurelien Sivignon ...
  • Jean-François Granjon
  • Oussema Denguir
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 06/20/2019

Interparfums' consistency would argue for a fundamentally positive position on the stock, but the group’s multiples offer limited upside in the short term and only an acquisition could change things for the better. Target price adjusted to € 46 from € 48. - ...

Aurelien Sivignon ...
  • Jean-François Granjon
  • Oussema Denguir
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 20/06/2019

La constance d’Interparfums militerait pour une opinion fondamentalement positive mais les multiples offrent un uspide limité à court terme que seule une opération d’acquisition pourrait modifier favorablement. OC ajusté à 46 € vs 48 €. - ...

Jean-François Granjon ...
  • Jeremy Garnier
  • Martial Descoutures
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 06/17/2019

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An increasingly favourable environment allows TARKETT to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of TARKETT (FR), a company active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title confirms its rating of 2 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date October 11, 2019, the closing price was EUR 14.09 and its expected value was estimated at EUR 13.99.

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...

Tarkett - Assemblée générale des actionnaires du 26 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Jehanne Leroy

Proxy Report - 26/04/2018

En termes de gouvernance, la société Tarkett a opté pour le modèle dualiste (Conseil de surveillance et Directoire), avec des Présidents distincts, ce qui respecte nos recommandations. Cependant, il y a des droits de vote double au sein de la société au bout de 2 ans de détention. Ce système est contraire au principe d’égalité des actionnaires. Par ailleurs, la société prévoit une distribution de dividende au titre d'un exercice déficitaire en comptes consolidés, ce qui ne respecte pas nos recommandations. On regrettera aussi que la société continue à refuser de communiquer les objectifs des...

Jehanne Leroy

Etude de l'AG du 27/04/2017

Bien que la société propose la nomination de 2 administratrices en vue d'atteindre le taux de féminisation de 40% tel que prévu par la Loi Copé-Zimmermann, on regrettera que ces 2 candidates soient proposées par la SID et donc non-indépendantes. Il aurait été bienvenu que la société profite de ces nominations afin d'améliorer le taux d'indépendance de son conseil.Par ailleurs, si la société avait fait de réels efforts de communication sur les rémunérations de ses dirigeants en 2016, cette année, aucun réel progrès n'est noté et on regrettera notamment que la société continue à refuser de commu...

Valérie GASTALDY

Analyse court terme - TARKETT : La tendance de fond est clairement orientée à la baisse.

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 21,04 € prochainement. Le prochain objectif est à 17,34 €, puis 16,20 €. Le franchissement de 26,10 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - TARKETT : The background trend is clearly bearish.

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 €21.04. The next target is at €17.34, then €16.20. Passing €26.10 would question the continuation of the fall.

Valérie GASTALDY

Short term view - TARKETT : The background trend is clearly bearish.

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 €21.04. The next target is at €17.34, then €16.20. Passing €26.10 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - TARKETT : La tendance de fond est clairement orientée à la baisse.

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 21,04 € prochainement. Le prochain objectif est à 17,34 €, puis 16,20 €. Le franchissement de 26,10 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Medium term view - TARKETT : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €21.30, then €16.06. Passing €29.48 would question the continuation of the fall.

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