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

Eric Lemarie

TARKETT - NEUTRAL | EUR21 vs. EUR23 (-4%) Further decline of our valuation

TARKETT - NEUTRAL | EUR21 vs. EUR23 (-4%) Further decline of our valuation Oil price decline should be favourable as from Q2/Q3 next year But overall inflation environment remains unfavourable While top line remains a bit tepid Estimates and FV updated and Neutral maintained

1 director bought

A director at Tarkett Sa bought 100,000 shares at 19.700EUR and the significance rating of the trade was 100/100. 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...

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.

Eric Lemarie

TARKETT - NEUTRAL | EUR21 vs. EUR23 (-4%) Further decline of our valuation

TARKETT - NEUTRAL | EUR21 vs. EUR23 (-4%) Further decline of our valuation Oil price decline should be favourable as from Q2/Q3 next year But overall inflation environment remains unfavourable While top line remains a bit tepid Estimates and FV updated and Neutral maintained

Jean-François Granjon

Tarkett : A release in line, pressure confirmed from raw materials, energy, transport

>No surprise from Q3 sales - Tarkett's Q3 sales stood at € 839.9m (€ 940.3m estimated) vs € 823.5m, up 2% and 3.4% organically vs +3% in H1 (of which +0.1% in Q1 and +5.3% in Q2). Our quarterly organic growth estimate stood at +3.7%. The base effect was unfavourable (+6.1%). In the first nine months, organic growth worked out at +3.2%. The group reported Q3 EBITDA of € 97.7m (€ 100m estimated) vs € 101.1m, inching down 3.5%, implying a 11.6% margin, down 70bp.§h...

Eric Lemarie

TARKETT Q3 unsurprising, but guidance on raw material costs amended again

3.4% organic growth in Q3 revenues Pressure on the EBITDA margin gradually easing Q4 might be challenging Cautious view maintained

Jean-François Granjon

Tarkett : Une publication en ligne – Pression confirmée des matières premières + énergie + transport

>Un CA T3 sans surprise - Le CA T3 de Tarkett ressort à 839,9 M€ (940,3 M€ estimés) vs 823,5 M€ en hausse de 2% et de 3,4% en organique à comparer à +3% pour l’ensemble du semestre (dont +0,1% au T1 et +5,3% au T2). Notre estimation de croissance organique trimestrielle était de +3,7%. L’effet de référence était défavorable (+6,1%). Au titre des 9 mois, la hausse organique ressort ainsi à +3,2%. Le groupe publie également un EBITDA T3 de 97,7 M€ (100 M€ estimés) vs 10...

Jean-François Granjon

Tarkett : Margins under pressure and a new CEO => In waiting mode – TP adjusted to € 22 (vs € 25)

>A strategic acquisition but a change in governance… - Following a company contact, we have updated our forecasts to factor in the latest acquisition. Meanwhile, the position of CEO is in the process of changing hands, leading to a period of uncertainty.The latest big news, without any doubt, is that Glen Morrison is leaving the group despite having become chairman of the board only relatively recently (1 September 2017). His departure is apparently not due to st...

1 director bought

A director at Tarkett Sa bought 100,000 shares at 19.700EUR and the significance rating of the trade was 100/100. 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...

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 24/10/2018

...

Alexandre Iatrides ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 10/24/2018

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 09/28/2018

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 28/09/2018

...

With a more favourable environment, TARKETT improves to Slightly Positive

TARKETT (FR), a company active in the Building Materials & Fixtures industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 5, 2018, the closing price was EUR 36.92 and its potential was estimated at EUR 39.14.

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...

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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