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

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.  

1 director sold/subscribed to

A director at Alstom sold/subscribed to 57,911 shares at 22.960EUR and the significance rating of the trade was 80/100. 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...

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...

Alfred Glaser ...
  • Delphine Brault

Alstom : High-speed progress…with or without Margrethe

After a period of suspense worthy of ‘Borgen’, the EU has rejected the proposed Alstom+Siemens Mobility link-up. Alstom on a stand-alone basis is very solid, generating growth and profitability, and will be able to return cash to shareholders whilst participating in sector consolidation. Our valuation of the stock now stands at € 42.5. - >Alstom is very solid despite the shelving of the project with Siemens - On a stand-alone basis, Alstom is a leader, world n°3 by si...

Alfred Glaser ...
  • Delphine Brault

Alstom : En avant à grande vitesse... avec ou sans Margrethe

Après un suspense digne de ‘Borgen’, l’UE a rejeté le projet Alstom + Siemens Mobility. Toutefois Alstom seul est très solide, en croissance et rentable, et pourra rendre du cash aux actionnaires tout en participant à la consolidation du secteur. Notre valorisation du titre est désormais de 42.5 €. - >Alstom est très solide malgré l’abandon du projet avec Siemens - Alstom seul est un groupe leader, numéro 3 mondial en taille, avec un CA de près de 8.2 Md€ en mars 2019...

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 : High-speed progress…with or without Margrethe

After a period of suspense worthy of ‘Borgen’, the EU has rejected the proposed Alstom+Siemens Mobility link-up. Alstom on a stand-alone basis is very solid, generating growth and profitability, and will be able to return cash to shareholders whilst participating in sector consolidation. Our valuation of the stock now stands at € 42.5. - >Alstom is very solid despite the shelving of the project with Siemens - On a stand-alone basis, Alstom is a leader, world n°3 by si...

Alfred Glaser ...
  • Delphine Brault

Alstom : En avant à grande vitesse... avec ou sans Margrethe

Après un suspense digne de ‘Borgen’, l’UE a rejeté le projet Alstom + Siemens Mobility. Toutefois Alstom seul est très solide, en croissance et rentable, et pourra rendre du cash aux actionnaires tout en participant à la consolidation du secteur. Notre valorisation du titre est désormais de 42.5 €. - >Alstom est très solide malgré l’abandon du projet avec Siemens - Alstom seul est un groupe leader, numéro 3 mondial en taille, avec un CA de près de 8.2 Md€ en mars 2019...

Alfred Glaser ...
  • Delphine Brault

Alstom : Brussels blocks the Siemens project – but Alstom stand-alone is doing fine

>As expected recently, the EU decided not to allow the deal - The competition commissioner, Margrethe Vestager, had the last word, stating that the merger between Alstom and Siemens Mobility “would have resulted in higher prices for the signalling systems that keep passengers safe (...) and for the next generations of very high-speed trains” and reduce competition and innovation in Europe. The remedies proposed were deemed “inadequate” and did not fully address the Co...

Alfred Glaser ...
  • Delphine Brault

Alstom : Bruxelles bloque le projet Siemens – mais Alstom seul va très bien

>Comme attendu récemment, l’UE a tranché contre le deal - La commissaire à la concurrence, Margrethe Vestager, a eu le fin mot de l’histoire en affirmant que le rapprochement d’Alstom et de Siemens Mobility « aurait entraîné une hausse des prix pour les systèmes de signalisation (..) et les futures générations de trains à très grande vitesse » et réduit la concurrence et l’innovation en Europe. Les remèdes proposés ont été jugés insuffisants et ne répondant pas entièr...

Jean-Louis Sempé

INVEST SECURITIES - ALSTOM

1 director sold/subscribed to

A director at Alstom sold/subscribed to 57,911 shares at 22.960EUR and the significance rating of the trade was 80/100. 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...

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...

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 – COMMENTAIRES DETAILLES 07/02/2019

La stabilisation des PMI Eurozone en janvier contribue, encore modestement, au reflux de l’excessive aversion au risque de la fin 2018. Ceci s’ajoute au bon accueil du changement de ton de la FED avec la pause annoncée dans la normalisation monétaire et repousse le spectre de la récession. Dans ce contexte, le caractère convenable des résultats participe à l’amélioration du sentiment. Pour autant les questions sur la croissance, ou plutôt son rythme de ralentissement, ne sont pas levé...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Laurence Hofmann
  • Olivier Lebrun
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/18/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Laurence Hofmann
  • Olivier Lebrun
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/01/2019

...

Alfred Glaser ...
  • Charles Lepetitpas
  • Delphine Brault
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/12/2018

Are we about to see the deterioration of "actuarial" themes via a repricing linked to the rise in interest rates and therefore a value rotation, or the return to a lacklustre economic environment, resulting in an umpteenth phase where the growth style prevails in 2019? The European equation is particularly complex. While, in the context of monetary normalisation, the macro scenario argues in favour of a hike in interest rates (and therefore value exposure), the reality, which is curre...

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 January 15, 2019, the closing price was EUR 35.13 and its target price was estimated at EUR 32.99.

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...

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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