Korian is an actor on the temporary and permanent dependency care market in France, Germany and Italy. Co. offers and develops services related to dependency through its retirement homes (116 as of Dec 31 2009), follow-up care and rehabilitation facilities (35 as of Dec 31 2009) and psychiatric clinics (11 as of Dec 31 2009). Co.'s operations can be divided into four geographical segments: Medical and Social activity in France (retirement homes); Sanitary activity in France (follow-up care, rehabilitation, psychiatry and home medical care); Italy; and Germany.
  • TickerKORI
  • ISINFR0010386334
  • ExchangeEuronext Paris
  • SectorHealth Care Equipment & Services
  • CountryFrance

Analysts

Bruno de La Rochebrochard

Nursing: Top Picks: Korian (Buy, FV EUR40) remains our Top Pick

Nursing Top Picks: Korian (Buy, FV EUR40) remains our Top Pick Looking back on Q2 2019: All stocks underperformed DJ Stoxx We do not expect much before end of Q3 Korian remains our Top Pick

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Laurence Hofmann
  • Martial Descoutures
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/27/2019

...

Bruno de La Rochebrochard

Korian: Q2 revenue: further improvement in organic growth continues with dynamic bolt-on acquisitions

Brief Comment - Korian: (BUY, Fair Value EUR33 (+12%)) Q2 revenue: further improvement in organic growth continues with dynamic bolt-on acquisitions

Tony Lebon

Korian : Un véhicule de récurrence des résultats mais correctement valorisée

>Initiation du suivi de Korian côté crédit avec une reco. Neutre - Nous adoptons une recommandation Neutre sur l’ODIRNANE Korian call 2023. Même si nous apprécions le caractère récurrent des revenus et de la rentabilité de l’émetteur, l’ODIRNANE est à sa fair value en spot aujourd’hui et l’upside en prospectif est limité sur la base du TP de notre analyste equity. Toutefois, nous n’excluons pas, pour notre part, un retour (timing incertain) de la thématique ...

Tony Lebon

Korian : A vehicle of recurring results but at a fair valuation

>Initiation of Korian's coverage on the credit side with a Neutral reco. - We are adopting a Neutral recommendation on the Korian ODIRNANE bond (with a call in 2023). Even though we like the recurring nature of the issuer's revenue and profitability, the ODIRNANE bond is at its fair value on a spot basis today and the prospective upside is limited on the basis of our equity analyst’s target price on the stock. But we do not exclude, for our part, a return (w...

Tony Lebon

Korian : Potential takeover bid on Korian: implications for ODIRNANE bond holders

Tony Lebon

Korian : Potential takeover bid on Korian: implications for ODIRNANE bond holders

Bruno de La Rochebrochard

Nursing: Top Picks: Korian (Buy, FV EUR40) remains our Top Pick

Nursing Top Picks: Korian (Buy, FV EUR40) remains our Top Pick Looking back on Q2 2019: All stocks underperformed DJ Stoxx We do not expect much before end of Q3 Korian remains our Top Pick

Christophe-Raphaël Ganet

ODDO : M&A in the retirement homes sector

>Emera and Domidep in talks - According to the French financial daily, Les Echos, Emera is in talks with two funds and a competitor. The group is looking for a value of between € 500m and € 600m.At the same time, Domidep has reportedly opened negotiations with a view to restructuring its capital. The press cites a value of € 1bn.Two different profiles - Emera is the seventh-largest operator in the French retirement home segment (43 retirement hom...

Christophe-Raphaël Ganet

ODDO : M&A dans le secteur EHPAD

>Emera et Domidep en pourparlers - D’après Les Echos, Emera serait en discussion avec 2 fonds et un concurrent. Le groupe chercherait à se valoriser entre 500 M€ et 600 M€.De même, Domidep aurait entamé une négociation visant une recomposition de son capital. L’article évoque une valeur de 1 Md€.2 profils différents - Emera est le septième opérateur du marché français des opérateurs d’EHPAD (43 EHPAD en France et 7 en Suisse, Belgique, Luxembourg...

Christophe-Raphaël Ganet

Korian : Korian amends and extends its syndicated loan

>An agreement enabling a credit facility of nearly € 1bn - Korian issued a press release yesterday evening announcing the amendment and extension of the syndicated loan agreed in July 2016. This agreement enables a loan facility estimated at € 1bn and reflects the confidence of the group’s partner banks in supporting its development. More precisely, the agreement is based on the € 500m term loan facility and € 500m revolving credit facility, each with a maximum maturi...

Christophe-Raphaël Ganet

Korian : Korian annonce l’amendement et l’extension de son crédit syndiqué

>Un accord permettant une facilité de près d’1 Md€ - Dans un communiqué hier soir, Korian a annoncé l’amendement et l’extension du crédit syndiqué conclu en juillet 2016. Cet accord permet une facilité estimée à 1 Md€ et reflète la confiance des banques partenaires du groupe pour l’accompagner dans son développement. Plus précisément, cet accord repose sur la facilité de 500 M€ de prêt à terme et 500 M€ de prêt revolving, tous d’une maturité maximum allongée de 3 ans ...

1 director bought

A director at Korian Promesses bought 1,150,000 shares at 32.870EUR and the significance rating of the trade was 100/100. 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 ...

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Laurence Hofmann
  • Martial Descoutures
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/27/2019

...

Christophe-Raphaël Ganet ...
  • Jean-François Granjon
  • Jeremy Garnier
  • Laurence Hofmann
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 06/27/2019

...

Christophe-Raphaël Ganet ...
  • Jean-François Granjon
  • Jeremy Garnier
  • Laurence Hofmann
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 27/06/2019

...

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Laurence Hofmann
  • Martial Descoutures
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/06/2019

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Aurelien Sivignon ...
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 06/18/2019

After an eventful year for small caps in 2018 marked by a reversal of trend in inflows, 2019 seems set to be a year of transition with a slight upturn in the markets but also ongoing uncertainty and high risk aversion. Growth and visibility will still be the watchwords for H2 2019: we are including Claranova, SES-imagotag (Buy vs Neutral), Mediawan, BigBen Interactive, Groupe Gorgé and Manutan International in our convictions list and maintaining Visiativ. - - ...

KORIAN SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KORIAN SA (FR), a company active in the Health Care Providers 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 March 1, 2019, the closing price was EUR 33.00 and its potential was estimated at EUR 37.11.

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...

Jehanne Leroy

Korian - Assemblée générale des actionnaires du 06 juin 2019

RémunérationsPar rapport à la précédente politique de rémunération, en termes de montants et de structure, la société ne propose aucune modification. Cependant, elle améliore sa communication puisqu’elle décrit (dans un communiqué publié sur son site) la nature des critères qualitatifs qui seront utilisés dans le cadre du bonus, ce qu’elle ne faisait pas précédemment. Par ailleurs, elle a ajouté un critère RSE à son bonus 2019 (conformément aux recommandations du code Afep/Medef révisé en juin 2018 auquel la société se réfère), ce que l’on appréciera. Ces changements sont positifs. Aussi, nous...

Jehanne Leroy

Proxy Report - 14/06/2018

La politique de rémunération de Mme Boissard souffre toujours d’une faiblesse significative : la rémunération actionnariale soit basée sur des conditions de performance qui ne sont pas mesurées sur le long-terme (3 ans minimum). Cependant, la société a mis en place pour la politique de rémunération 2018 2 améliorations significatives concernant le plafonnement de la rémunération long-terme et celui des rémunérations exceptionnelles. Aussi la politique de rémunération 2018 semble préférable à celle mise en place pour 2017 et nous soutenons donc la nouvelle politique (résolution 7). Cependant, ...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

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 ...

Matthieu DRIOL

Analyse court terme - KORIAN : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 34,74 € et 35,50 €. La tendance serait invalidée sous le support à 27,30 €.

Matthieu DRIOL

Short term view - KORIAN : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €34.74 and €35.50. The trend would be invalidated below the support at €27.30.

Matthieu DRIOL

Analyse court terme - KORIAN : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 34,74 € et 35,50 €. La tendance serait invalidée sous le support à 27,30 €.

Matthieu DRIOL

Short term view - KORIAN : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €34.74 and €35.50. The trend would be invalidated below the support at €27.30.

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