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

Alfred Glaser ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/22/2019

...

Alfred Glaser ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/07/2019

...

Alfred Glaser ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Delphine Brault
  • Michael Foundoukidis
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 22/07/2019

...

Alfred Glaser ...
  • Delphine Brault

ODDO : US non-residential construction: +3.8% in 2019e and +2.4% in 2020e

>AIA forecasts updated last week - The American Institute of Architects published its forecasts for the non-residential construction market on Thursday, 18 July. Leading consultancy firms (Dodge Data, IHS Economics, ConstructConnect, Associated Builders & Contractors, etc.) publish for half-yearly periods their growth forecasts for the non-residential construction market for the next 12-24 months.The compilation of the latest data is presented on page 2 (includin...

Alfred Glaser ...
  • Delphine Brault

ODDO : Construction non résidentielle US : +3.8% en 2019e et +2.4% en 2020e

>Les prévisions de l’AIA ont été mises à jour en fin de semaine dernière - L'American Institute of Architects a publié jeudi dernier ses prévisions pour le marché de la construction non résidentielle. Chaque semestre, les principaux cabinets de conseil (Dodge Data, IHS Economics, ConstructConnect, Associated Builders & Contractors, etc.) publient leurs prévisions de croissance pour les 12 à 24 prochains mois.La compilation des derniers chiffres est présentée en p...

Alstom: Capital Markets Day improves visibility - Alstom remains strongly positioned in its rating category

On its Capital Markets Day, Alstom unveiled its 2023 strategic goals and financial targets, which are broadly in line with our expectations.

Alstom - March 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Alstom: Update to credit analysis

Our credit view of Alstom is reflecting its strong market position and the expected deleveraging to below 2.0x in the next 12 months

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.

Alfred Glaser ...
  • Delphine Brault

ODDO : US non-residential construction: +3.8% in 2019e and +2.4% in 2020e

>AIA forecasts updated last week - The American Institute of Architects published its forecasts for the non-residential construction market on Thursday, 18 July. Leading consultancy firms (Dodge Data, IHS Economics, ConstructConnect, Associated Builders & Contractors, etc.) publish for half-yearly periods their growth forecasts for the non-residential construction market for the next 12-24 months.The compilation of the latest data is presented on page 2 (includin...

Alfred Glaser ...
  • Delphine Brault

ODDO : Construction non résidentielle US : +3.8% en 2019e et +2.4% en 2020e

>Les prévisions de l’AIA ont été mises à jour en fin de semaine dernière - L'American Institute of Architects a publié jeudi dernier ses prévisions pour le marché de la construction non résidentielle. Chaque semestre, les principaux cabinets de conseil (Dodge Data, IHS Economics, ConstructConnect, Associated Builders & Contractors, etc.) publient leurs prévisions de croissance pour les 12 à 24 prochains mois.La compilation des derniers chiffres est présentée en p...

Jean-Louis Sempé

INVEST SECURITIES - ALSTOM (NEUTRE, OC 37,3€ vs 40,4€) : Croissance faible et FCF sous contrainte en 2019/20

Denise Molina

Morningstar | Alstom Reports Flat Sales Growth and Lower Order Intake in 1Q; Shares Fairly Valued

No-moat Alstom reported no surprises in its first-quarter results, with flat year-over-year revenue and a 39% decline in orders. Revenue was up 2% on a reported basis and 1% organically to EUR 2.1 billion, driven mainly by regional train contracts and the Amtrak contract in the United States. The systems division's decrease in revenue was offset by good performance in rolling stock and signaling. The main orders during the quarter include close to 50 Coradia trains for several European countries and 32 DT5 metros for Germany. The decline in orders is explained by an exceptional performance in ...

Denise Molina

Alstom Reports Flat Sales Growth and Lower Order Intake in 1Q; Shares Fairly Valued

No-moat Alstom reported no surprises in its first-quarter results, with flat year-over-year revenue and a 39% decline in orders. Revenue was up 2% on a reported basis and 1% organically to EUR 2.1 billion, driven mainly by regional train contracts and the Amtrak contract in the United States. The systems division's decrease in revenue was offset by good performance in rolling stock and signaling. The main orders during the quarter include close to 50 Coradia trains for several European countries...

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 ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/22/2019

...

Alfred Glaser ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/07/2019

...

Alfred Glaser ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Delphine Brault
  • Michael Foundoukidis
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 22/07/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Louis Boujard
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/25/2019

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). Cf. report published this morning. - ...

Alfred Glaser ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Louis Boujard
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/06/2019

...

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

MarketLine Department

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...

MarketLine Department

BEML Ltd - Strategy, SWOT and Corporate Finance Report

BEML Ltd - Strategy, SWOT and Corporate Finance Report Summary BEML Ltd - 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. Key Highlights BEML Limited (BEML) is a manufacturer of construction and mining equipment. It specializes in the design and manufacture of heavy equipment including hydraulic excavators, bull dozers, tire handlers, wheel dozers, heavy recovery vehicles, heav...

Expert Corporate Governance Service (ECGS)

Alstom, 10 July 2019

ITEM 7: The Company proposes to implement a non-compete clause of 2 years compensated by 18 months of annual remuneration. The company decreased the amount to be granted compared to the non-compete clause that was put to vote in the frame of the Siemens operation, which we appreciate. However, the amount proposed still exceeds our 12-month ceiling. Thus we cannot support it. ITEM 9: The 2018/19 Chairman and CEO remuneration could have been acceptable if the company had heard shareholders’ concerns regarding the LTI performance conditions. Indeed, one of the criteria (the TSR) still allows for...

Jehanne Leroy

Alstom, 10 juillet 2019

Résolution 7 : la société propose la mise en place d’une clause de non-concurrence, d’une durée identique à celle proposée en 2018 dans le cadre de l’opération avec Siemens (clause qui n’a pas pu être mise en place suite à l’échec de l’opération), mais d’un montant moindre (18 mois contre 24 mois précédemment). Proxinvest apprécie vivement la baisse du montant. Cependant, il excède toujours notre plafond de 12 mois de rémunération fixe + variable annuel ; aussi, nous ne soutenons pas cet engagement. Résolution 9 : La rémunération attribuée au titre de 2018/19 au PDG aurait pu être acceptable ...

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...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see charts below and page 2. With global equity markets generally moving sideways, we want to stick with ...

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 €.

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