Chargeurs S.A.

Chargeurs SA, also known as Chargeurs, is a France-based company active in the area of textiles. The Company manufactures fabrics and garment interlinings for the apparel industry. It operates in three business segments: Temporary surface protection, through Chargeurs Protective Films, primarily in the building materials industry, but also in electronics and household appliances; Technical textiles, through Chargeurs Interlining; and Raw material processing, through Chargeurs Wool which specializes in top making, consisting of designing wool blends. The Company is based in over 30 countries on five continents and offers service in over 45 countries. The Company operates through Main Tape Co Inc, Chargeurs Textiles, Omma, Chargeurs Protective Films, Chargeurs Interlining, Main Tape Inc, Chargetex 34 and Chargetex 35.
  • TickerCRI
  • ISINFR0000130692
  • ExchangeEuronext Paris
  • SectorPersonal Goods
  • CountryFrance

Analysts

Pierre-Yves Gauthier

Pricing acquired growth (Chargeurs)

Pricing acquired growth EPS CHANGE CHANGE IN TARGET PRICE€ 30.1 vs 31.1 -3.36% The target price's slight erosion is the net of near-term earnings downgrades (costs associated with acquisitions including opex and slower top-line growth) and the projected benefits of a successful deployment of the said external growth strategy. The fast growth plans are now allowed for in the prospective P&L and balance sheets as Chargeurs has been fairly accurate about its 2021 objective in top-line terms (€1bn in revenues). CHANGE IN EPS2019 : € 1.21 vs 1.65 -26.6% 2020 : € 1.68 vs 1.77 -5.37% While 2018 E...

Florian Cariou

CHARGEURS - Prudence à court terme, grande confiance ensuite (=)

CHARGEURS - Prudence à court terme, grande confiance ensuite (=)

Charles Lepetitpas ...
  • Christophe Chaput
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2019

FFP is due to report its NAV at end-2018 on 18 March. We estimate this at € 148 per share, down 5% over 2018. Since the start of 2019, we estimate the rebound at 13% to € 167 per share. Buy recommendation maintained to benefit from dual leverage on the valuation: growth in NAV (the track record is excellent) and narrowing of the discount (historically high level of 43%). Target price lowered to € 131 vs € 136 previously. - ...

Jeremy Garnier

Chargeurs : Operating profit in line with our forecasts

>Underlying operating profit of € 49m (vs € 49m est.), i.e. operating margin of 8.5% (+20bp) - After reporting full-year sales of € 573m up 7.6% (+2.6% l-f-l), Chargeurs has published earnings this morning that are broadly in line with our forecasts. EBITDA totalled € 59.8m (vs € 60.9m est.) and underlying operating profit € 49m (vs € 49m estimated), i.e. an operating margin of 8.5%, up 20bp. Attributable net profit came in at € 26.6m, shy of our forecasts (€ 32m) due...

Anis Zgaya ...
  • Charles Lepetitpas
  • Christophe Chaput
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Jeremy Garnier
  • Khaled Ben Amor
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2019

...

Florian Cariou

Chargeurs. Encore plus haut!

​Chargeurs publiait hier soir un chiffre d’affaires 2016 de très bonne facture.

Pierre-Yves Gauthier

Pricing acquired growth (Chargeurs)

Pricing acquired growth EPS CHANGE CHANGE IN TARGET PRICE€ 30.1 vs 31.1 -3.36% The target price's slight erosion is the net of near-term earnings downgrades (costs associated with acquisitions including opex and slower top-line growth) and the projected benefits of a successful deployment of the said external growth strategy. The fast growth plans are now allowed for in the prospective P&L and balance sheets as Chargeurs has been fairly accurate about its 2021 objective in top-line terms (€1bn in revenues). CHANGE IN EPS2019 : € 1.21 vs 1.65 -26.6% 2020 : € 1.68 vs 1.77 -5.37% While 2018 E...

Florian Cariou

CHARGEURS - Prudence à court terme, grande confiance ensuite (=)

CHARGEURS - Prudence à court terme, grande confiance ensuite (=)

Jeremy Garnier

Chargeurs : Operating profit in line with our forecasts

>Underlying operating profit of € 49m (vs € 49m est.), i.e. operating margin of 8.5% (+20bp) - After reporting full-year sales of € 573m up 7.6% (+2.6% l-f-l), Chargeurs has published earnings this morning that are broadly in line with our forecasts. EBITDA totalled € 59.8m (vs € 60.9m est.) and underlying operating profit € 49m (vs € 49m estimated), i.e. an operating margin of 8.5%, up 20bp. Attributable net profit came in at € 26.6m, shy of our forecasts (€ 32m) due...

Anis Zgaya ...
  • Charles Lepetitpas
  • Christophe Chaput
  • François Maury
  • Georges Dieng
  • Jean-François Granjon
  • Jeremy Garnier
  • Khaled Ben Amor
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2019

...

Florian Cariou

CHARGEURS - Net Results 2018 (=) Solid results, more cautious outlook.

CHARGEURS - Net Results 2018 (=) Solid results, more cautious outlook.

1 director bought

A director at Chargeurs bought 4,000 shares at 17.548EUR and the significance rating of the trade was 57/100. 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 mem...

Charles Lepetitpas ...
  • Christophe Chaput
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2019

FFP is due to report its NAV at end-2018 on 18 March. We estimate this at € 148 per share, down 5% over 2018. Since the start of 2019, we estimate the rebound at 13% to € 167 per share. Buy recommendation maintained to benefit from dual leverage on the valuation: growth in NAV (the track record is excellent) and narrowing of the discount (historically high level of 43%). Target price lowered to € 131 vs € 136 previously. - ...

Alain William ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Jeremy Garnier
  • Nicolas David
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 01/30/2019

...

Ahmed Ben Salem ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 11/15/2018

...

Ahmed Ben Salem ...
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 15/11/2018

...

Jeremy Garnier ...
  • Valentin Pernet

ODDO BHF Small & MIDCAP MORNING NEWS - 06/28/2018

...

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