Valeo S.A.

Valeo is an automotive supplier, partner to automakers worldwide. As an industrial and technology company, Co. focuses on designing, manufacturing and selling components, integrated systems and modules for automobiles and heavy goods vehicles, both on the original equipment and the aftermarket segments. In addition, Co. offers innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving to its customers. Co. operates through four business groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.
  • TickerFR
  • ISINFR0013176526
  • ExchangeEuronext Paris
  • SectorAutomobiles & Parts
  • CountryFrance

Analysts

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

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Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

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Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/04/2019

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Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2019

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Michael Foundoukidis

ODDO : Recent Auto Parts rebound looks premature, downgrades not over yet

>The environment is still tough and does not give cause for optimism - The upcoming Q1 2019 earnings reports from auto suppliers are unlikely to provide grounds for optimism and should confirm our cautious stance on the segment in the short term. Indeed, the low level of activity in Q1 is likely to result in a strong fall in profitability at certain players in Q1/H1, notably so-called technology players (Continental, Valeo), which in our view are in the front line and...

Valeo S.A.: Key Facts and Statistics - FYE Dec 2016

CORPORATES ISSUER PROFILE 17 May 2017 TABLE OF CONTENTS Company Overview 1 Business Description 2 Management Strategy 4 Financial Highlights 6 Capital Structure and Debt Maturity 8 Company Management 10 Ownership Structure 11 Subsidiaries 12 Peer Group 12 Related Websites and Information

Valeo S.A. - December 2016 (LTM): Peer Snapshot

Peer Snapshot: Valeo S.A. - December 2016 (LTM) 14 March 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE May-15 FYE May-16 LTM Nov-16 FYE Dec-14 FYE Dec-15 LTM Sep-16

Michael Foundoukidis

ODDO : Recent Auto Parts rebound looks premature, downgrades not over yet

>The environment is still tough and does not give cause for optimism - The upcoming Q1 2019 earnings reports from auto suppliers are unlikely to provide grounds for optimism and should confirm our cautious stance on the segment in the short term. Indeed, the low level of activity in Q1 is likely to result in a strong fall in profitability at certain players in Q1/H1, notably so-called technology players (Continental, Valeo), which in our view are in the front line and...

Michael Foundoukidis

ODDO : Un rebond boursier prématuré, les révisions en baisse vont se poursuivre

>Un environnement toujours difficile qui n’incite pas à l’optimisme - Les publications T1 19 à venir des équipementiers ne devraient pas inciter à l’optimisme et nous conforter dans notre prudence à court terme sur le segment. Le faible niveau d’activité du T1 devrait, en effet, se traduire par de fortes baisses de la rentabilité chez certains acteurs au T1/S1, notamment ceux dits technologiques (Continental, Valeo) qui restent, selon nous, en première ligne et sur le...

Michael Foundoukidis

Valeo : Still lacking certainty to reposition on the stock now

>Still too early, downgrades cycle to continue… - Valeo’s FY earnings confirmed that H2 2018 was extremely tough going for the group which saw its profitability plummet (-38% for EBIT excluding JVs), while its FCF remains modest despite the capex cuts. Going forward, the 2019 outlook, which is weaker than the consensus (~-7% for EBIT excluding JVs at midpoint), lends weight to our view that it is still too early to come back to the stock. With 2019 automotive pro...

Jean-Louis Sempé

INVEST SECURITIES - VALEO : Difficile début d'année mais rentabilité défendue - ACHAT, OC 35€ (vs 43€)

Alexandre Iatrides ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Olivier Lebrun
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/15/2019

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1 director bought

A director at Valeo bought 1,000 shares at 44.520USD and the significance rating of the trade was 58/100. 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 members...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/09/2019

...

Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 04/09/2019

...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/04/2019

...

Emmanuel Matot ...
  • Florent Laroche-Joubert
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 09/04/2019

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Thanks to a better fundamental star rating, VALEO sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to VALEO (FR), active in the Auto Parts industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 15, 2019, the closing price was EUR 25.53 and its expected value was estimated at EUR 25.69.

MarketLine Department

Autoliv, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Autoliv, Inc. 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 Autoliv, Inc. 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 undertaken by an organization to sustain its competitive advantage. Key Highlig...

MarketLine Department

Visteon Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Visteon Corporation 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 Visteon Corporation 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 undertaken by an organization to sustain its competitive advantage. ...

ICD Research Department

Ficosa International, S.A. : Automotive - Company Profile & SWOT Analysis

Synopsis ICD's "Ficosa International, S.A. : Automotive - Company Profile & SWOT 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 as well as company locations and subsidiaries. Summary This report is a crucial resource for industry executives and anyone looking to access key information about "Ficosa International, S.A." The report utilizes a...

Valeo – Proxinvest Corporate Governance Rating ® : B

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 - 23/05/2018

La rémunération de Jacques Aschenbroich, Président Directeur Général, avait flambé en 2016. Elle demeure à des niveaux très élevés en 2017 en continuant de dépasser notre plafond de 240 SMICs. Plusieurs critères de performance utilisés pour le calcul du bonus annuel sont en baisse mais le niveau de celui-ci demeure malgré tout conséquent (1 279 000€). La résolution 9 offre l'opportunité aux actionnaires d'utiliser leur nouveau droit de véto offert par la Loi Sapin 2 (vote contraignant ex-post) . Les modifications apportées à la politique de rémunération pour 2018 sont assez décevantes au rega...

Matthieu DRIOL

Short term view - VALEO : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €22.78. The background trend would be questioned should prices rise above €42.20.

Matthieu DRIOL

Short term view - VALEO : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €22.78, then €21.57. Passing €42.20 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - VALEO : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 22,78 €, puis 21,57 €. Le franchissement de 42,20 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse court terme - VALEO : La tendance de fond est clairement orientée à la baisse.

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 35,65 €. La tendance de fond serait remise en cause en cas de franchissement de 42,20 €.

Valérie GASTALDY

Medium term view - VALEO : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €31.67, then €28.51. Passing €58.25 would question the continuation of the fall.

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