Dassault Aviation S.A.

Dassault Aviation is a player in the civil and military aviation industry. Co. designs, manufactures and sells combat aircraft under the names Rafale, Mirage 2000, nEUROn and executive jets under the name Falcon (Falcon 7X, Falcon 900LX, Falcon 2000LX) and business jets. Co. produces combat aircraft. Rafale is a fighter aircraft with a "delta-canard" configuration. Mirage 2000 is a combat aircraft operated in environments ranging from deserts to tropical forests. nEUROn is an unmanned combat aircraft vehicle demonstrator. Falcon is used for passenger transportation by entrepreneurs, executives of companies and governments. Co. also offers maintenance services, follow up and repair services.
  • TickerAM
  • ISINFR0000121725
  • ExchangeEuronext Paris
  • SectorAerospace & Defense
  • CountryFrance

Analysts

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/01/2019

Unlike CEO pay, the average remuneration paid to the chairs of the boards of directors of the large cap companies covered by ODDO BHF increased by 4.9% between 2013 and 2017. The disparities between companies stem mainly from national contexts and widely differing perceptions of the role of the board chair depending on the countries, though for certain stocks the ownership structure and sector situation may have an influence. Cf. Report published last evening. - ...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Dassault Aviation : Road show: positive developments that underpin our recommendation

>The group produced an excellent vintage in 2018 despite the fall in the Falcon - Dassault Aviation clearly beat our expectations and those of the market in terms of gross order intake (53 Falcon vs 45-50 expected), adjusted operating profit excluding Safran compensation (€ 468m vs € 355m est.), net profit (€ 549m vs € 541m) and FCF € 1.1bn vs € 559m. This improved operating performance is partly due to provision writebacks on second-hand aircraft that have become red...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/03/2019

Contrairement aux rémunérations de CEO, la moyenne des sommes versées aux présidents de conseil d’administration dans les large caps suivies chez Oddo BHF a connu une hausse de 4.9% entre 2013 et 2017. Les disparités entre les sociétés relèvent principalement de contextes nationaux et d’une perception du rôle de président(e) très différents selon les pays, même si la situation actionnariale et sectorielle peut, pour certaines valeurs, avoir une influence. Cf. étude publiée hier. - ...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Dassault Aviation : Road show: positive developments that underpin our recommendation

>The group produced an excellent vintage in 2018 despite the fall in the Falcon - Dassault Aviation clearly beat our expectations and those of the market in terms of gross order intake (53 Falcon vs 45-50 expected), adjusted operating profit excluding Safran compensation (€ 468m vs € 355m est.), net profit (€ 549m vs € 541m) and FCF € 1.1bn vs € 559m. This improved operating performance is partly due to provision writebacks on second-hand aircraft that have become red...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Dassault Aviation : Roadshow : des développements positifs qui justifient notre recommandation

>Le groupe a produit un excellent millésime malgré la baisse des Falcon - Dassault Aviation a clairement battu nos attentes et celles du marché en termes de prises de commande brutes (53 Falcon vs 45-50 attendus), de résultat opérationnel ajusté hors indemnité Safran (468 M€ vs 355 M€ estimés), de résultat net (549 M€ vs 541 M€) et de FCF 1.1 Md€ vs 559 M€). Cette meilleure performance opérationnelle s’explique en partie par des reprises de provisions sur avions d’occ...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Dassault Aviation : Pending confirmation of the business jet recovery

>We expect EPS growth thanks to Thales - We expect revenue of € 4.8bn, unchanged on 2017. But this flat growth masks a sharp decline in Falcon sales, in line with the drop in deliveries (41 deliveries vs 49 in 2017) and sharply higher defence sales, mainly thanks to France, with the billing of the standard F3-R for the Rafale. Operating profit is forecast to be stable at € 355m (vs € 348m) despite a substantial increase in R&D with the launch of the Falcon 6X. The $ 2...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Dassault Aviation : Attente de la confirmation de la reprise du bizjet

>Nous attendons une hausse du BPA grâce à Thales - Nous attendons un CA à 4.8 Md€, stable par rapport à 2017. Cette stabilité cache toutefois une forte baisse du CA Falcon en ligne avec le recul des livraisons (41 livraisons versus 49 en 2017) et une forte hausse du CA Défense, essentiellement du fait de la France avec la facturation du standard F3-R du Rafale. Le résultat opérationnel est prévu stable à 355 M€ (vs 348 M€) malgré une hausse conséquente de la R&D du fa...

Agnès Blazy

DASSAULT AVIATION - A tie-up between Dassault and Thales?

A director bought 25 shares at 1,247.123EUR and

A director at Dassault Aviation bought 25 shares at 1,247.123EUR and the significance rating of the trade was 53/100. 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 name...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/01/2019

Unlike CEO pay, the average remuneration paid to the chairs of the boards of directors of the large cap companies covered by ODDO BHF increased by 4.9% between 2013 and 2017. The disparities between companies stem mainly from national contexts and widely differing perceptions of the role of the board chair depending on the countries, though for certain stocks the ownership structure and sector situation may have an influence. Cf. Report published last evening. - ...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/03/2019

Contrairement aux rémunérations de CEO, la moyenne des sommes versées aux présidents de conseil d’administration dans les large caps suivies chez Oddo BHF a connu une hausse de 4.9% entre 2013 et 2017. Les disparités entre les sociétés relèvent principalement de contextes nationaux et d’une perception du rôle de président(e) très différents selon les pays, même si la situation actionnariale et sectorielle peut, pour certaines valeurs, avoir une influence. Cf. étude publiée hier. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

DASSAULT AVIATION sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of DASSAULT AVIATION (FR), a company active in the Aerospace industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 12, 2019, the closing price was EUR 1,324.00 and its potential was estimated at EUR 1,441.55.

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...

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Leonardo S.p.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

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Embraer SA - Strategy, SWOT and Corporate Finance Report

Embraer SA - Strategy, SWOT and Corporate Finance Report Summary Embraer SA - 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 Embraer SA (Embraer) is a manufacturer of aircraft and allied systems. The company designs, develops, manufactures and markets commercial, executive, defense and agriculture aircraft. It produces jets, executive jets in the entry-level, li...

Strategic Defence Intelligence Department

Embraer S.A. : Aerospace and Defense - Company Profile, SWOT & Financial Analysis

Synopsis Strategic Defence Intelligence's "Embraer S.A. : Aerospace and Defense - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyone looking to access key inf...

Strategic Defence Intelligence Department

Dassault Aviation S.A. : Aerospace and Defense - Company Profile, SWOT & Financial Analysis

Synopsis Strategic Defence Intelligence's "Dassault Aviation S.A. : Aerospace and Defense - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyone looking to acce...

Dassault Aviation - Assemblée générale des actionnaires du 16 mai 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.

Dassault Aviation – Proxinvest Corporate Governance Rating ® : D

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...

Valérie GASTALDY

Analyse court terme - DASSAULT AVIATION : 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 1 525,00 € prochainement. Le prochain objectif est à 1 360,50 €, puis 1 270,17 €. Le franchissement de 1 640,00 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - DASSAULT AVIATION : 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 €1,525.00. The next target is at €1,360.50, then €1,270.17. Passing €1,640.00 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - DASSAULT AVIATION : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 1 360,50 €. La tendance de fond serait remise en cause en cas de franchissement de 1 640,00 €.

Valérie GASTALDY

Short term view - DASSAULT AVIATION : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €1,360.50. The background trend would be questioned should prices rise above €1,640.00.

Valérie GASTALDY

Medium term view - DASSAULT AVIATION : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €1,362.31. A break below €1,362.31 would challenge the trend.

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