Alstom S.A.

Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
  • TickerALO
  • ISINFR0010220475
  • ExchangeEuronext Paris
  • SectorIndustrial Engineering
  • CountryFrance

Analysts

1 director bought

A director at Alstom bought 1,600 shares at 39.350EUR and the significance rating of the trade was 56/100. 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 member...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/17/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/05/2019

...

Alfred Glaser ...
  • Delphine Brault

Alstom : Revision to our forecasts following full-year results. Target price lifted from € 42.50 to € 44.50

>Results were in line, FCF a shade light, solid dividend at € 5.50 - The group reported a P&L that was very much in line with forecasts (orders of € 12.1bn, sales € 8.1bn, adjusted EBIT of € 570m (margin of 7.1%) and net income of € 681m) and its full-year guidance (“sales of around € 8bn, margin of around 7%”). The backlog stood at € 40.5bn, an all-time high. Whilst FCF (€ 153m) came in below forecasts it included non-recurring elements (costs of the Siemens/Alstom p...

Alfred Glaser ...
  • Delphine Brault

Alstom : Révision de nos prévisions après le FY. OC relevé de 42.50 € à 44.50 €

>Rappel : résultats en ligne, FCF un peu léger, gros dividende à 5.50 € - Le groupe a publié un P&L annuel 2018-2019 très en ligne avec les attentes (commandes 12.1 Md€, CA de 8.1 Md€, EBIT ajusté de 570 M€ (7.1% de marge) et RN de 681 M€) et avec sa guidance annuelle (« environ 8 Md€ de CA, environ 7% de marge »). Le carnet de commandes atteint 40.5 Md€, record historique. Le FCF (153 M€) a été sous nos attentes mais inclut des éléments négatifs non récurrents (coûts...

Alstom: Despite being credit negative, EU's veto against merger leaves Alstom's rating solidly positioned

EU's veto against Alstom Siemens merger leaves Alstom's rating comfortably positioned

Alstom - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Alstom - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Alstom - September 2017 (LTM) 21 December 2017 (in US millions) FYE Mar-16 FYE Mar-17 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Sep-15 FYE Sep-16 LTM Sep-17

Alstom's Tie-Up with Siemens' Rail Operations Creates Global Number 2, a Credit Positive

    ISSUER COMMENT  CORPORATES    OCTOBER 2, 2017    Alstom’s Tie-Up with Siemens’ Rail  Operations Creates Global Number 2, a  Credit Positive  From  Credit Outlook   Last Wednesday, France-based  Alstom  (Baa2 stable) and Germany-based  S

Moody's Affirms Alstom's Baa2/P-2 ratings; stable outlook

Rating Action: Moody's Affirms Alstom's Baa2/P-2 ratings; stable outlook. Global Credit Research- 28 Sep 2017. Frankfurt am Main, September 28, 2017-- Moody's Investors Service today affirmed Alstom's Baa2 long-term issuer rating and the P-2 short-term commercial paper rating.

Alfred Glaser ...
  • Delphine Brault

Alstom : Revision to our forecasts following full-year results. Target price lifted from € 42.50 to € 44.50

>Results were in line, FCF a shade light, solid dividend at € 5.50 - The group reported a P&L that was very much in line with forecasts (orders of € 12.1bn, sales € 8.1bn, adjusted EBIT of € 570m (margin of 7.1%) and net income of € 681m) and its full-year guidance (“sales of around € 8bn, margin of around 7%”). The backlog stood at € 40.5bn, an all-time high. Whilst FCF (€ 153m) came in below forecasts it included non-recurring elements (costs of the Siemens/Alstom p...

Alfred Glaser ...
  • Delphine Brault

Alstom : Révision de nos prévisions après le FY. OC relevé de 42.50 € à 44.50 €

>Rappel : résultats en ligne, FCF un peu léger, gros dividende à 5.50 € - Le groupe a publié un P&L annuel 2018-2019 très en ligne avec les attentes (commandes 12.1 Md€, CA de 8.1 Md€, EBIT ajusté de 570 M€ (7.1% de marge) et RN de 681 M€) et avec sa guidance annuelle (« environ 8 Md€ de CA, environ 7% de marge »). Le carnet de commandes atteint 40.5 Md€, record historique. Le FCF (153 M€) a été sous nos attentes mais inclut des éléments négatifs non récurrents (coûts...

Jean-Louis Sempé

INVEST SECURITIES - ALSTOM : Les JV Energie cédées vont quand même manquer - NEUTRE, OC 40,4€

Alfred Glaser ...
  • Anis Zgaya
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/08/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/05/2019

...

1 director bought

A director at Alstom bought 1,600 shares at 39.350EUR and the significance rating of the trade was 56/100. 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 member...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/17/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/05/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Philippe Ourpatian
  • Samantha Jeary
  • Stephane Houri
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/07/2019

If the old stock market adage is to be believed, May traditionally heralds a period of profit-taking. This scenario is underpinned by low volumes, recurring outflows, a certain complacency (VIX and V2X at their lowest level) and, on the basis of a 5% growth in EPS, the inability to create additional potential without a significant reduction in the risk premium. At the same time, the valuation remains reasonable. What to do? 1/ Go long on volatility 2/ Closely monitor emerging markets ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Philippe Ourpatian
  • Samantha Jeary
  • Stephane Houri
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/05/2019

Si l’on se réfère aux adages boursiers, le mois de mai annonce une période de prise de profits. Militent en ce sens : des volumes faibles, des outflows récurrents, une certaine complaisance (VIX et V2X au plus bas) et, sur la base d’une croissance de 5% des BPA, l’incapacité à créer du potentiel supplémentaire sans réduction significative de la prime de risque. Dans le même temps la valorisation reste raisonnable. Que faire ? 1/ Etre long volatilité 2/ Regarder avec attention les marc...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/07/2019

The stabilisation of eurozone PMI indices in January contributes, albeit still modestly, to the abating of the excessive risk aversion end-2018. This is in addition to the welcome change in the Fed’s tone with the announced pause in monetary normalisation, pushing back the spectre of recession. Against this backdrop, the decent nature of results publications is contributing to the improvement in sentiment. However, questions about growth, or rather its rate of deceleration, persist. I...

ALSTOM SA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of ALSTOM SA (FR), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2019, the closing price was EUR 38.10 and its target price was estimated at EUR 35.42.

Ibrahim Firdaus

Alstom

Ibrahim Firdaus

Alstom

Ibrahim Firdaus

Alstom

Ibrahim Firdaus

Alstom

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Vossloh AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Vossloh AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Vossloh AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Vossloh AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertake...

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Alstom - Assemblée générale des actionnaires du 10 juillet 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.  

Alstom – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Charles Pinel

proxy report 17/07/2018

The agenda with 48 resolutions proposes to approve the combination between Alstom and Siemens’ mobility business. Originally presented as a merger of equals, Siemens will become the controlling shareholder of the new Group with 50.67% of the capital at the closing of the transaction and may hold 52% four years later. Siemens will have the control over the Board with 6 out 11 directors appointed by Siemens, including the Chairman, and 4 independent directors appointed by Alstom but agreed by Siemens. The strategic interest appears to be real but Alstom shareholders should be granted a higher c...

Charles Pinel

PROXY REPORT 17/07/2018

L'ordre du jour de cette assemble générale de 48 résolutions propose aux actionnaires d'approuver la fusion des activités Mobilité de Siemens avec Alstom. Présentée initialement comme une fusion entre égaux, Siemens deviendra pourtant l’actionnaire de contrôle de la nouvelle entité avec 50,67% du capital au closing de l’opération et pourra posséder 52% quatre ans plus tard. Siemens aura de plus la mainmise sur le conseil puisque le groupe allemand désignera 6 administrateurs sur 11 et son accord préalable sera nécessaire pour la désignation de 4 administrateurs indépendants par Alstom. Enfin, ...

Jehanne Leroy

Etude de l'AG du 04/07/2017

La résolution 4 propose de remplacer le régime de retraite à prestations définies par un second régime à cotisations définies. Si l'année dernière la rémunération de Patrick Kron avait fortement été critiquée par Proxinvest et la résolution Say on Pay rejetée à juste titre par l'assemblée générale, la rémunération du nouveau Président Directeur Général Henri Poupart-Lafarge n'est toujours pas satisfaisante.La réaction du comité des rémunérations et du conseil d’administration suite au rejet de l’assemblée générale a été défaillante : manque de consultation des actionnaires, communiqué tardif ...

Valérie GASTALDY

Short term view - ALSTOM : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €41.14. Breaking below the support at €36.77 would invalidate the trend.

Valérie GASTALDY

Analyse court terme - ALSTOM : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 41,14 €. La rupture du support à 36,77 € invaliderait cette tendance.

Valérie GASTALDY

Short term view - ALSTOM : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €36.77.

Valérie GASTALDY

Analyse court terme - ALSTOM : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 36,77 €.

Valérie GASTALDY

Analyse moyen terme - ALSTOM : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 32,49 €.

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