Compagnie Plastique Omnium

Compagnie Plastic Omnium is a manufacturing and services company which partners with car manufacturers and local communities, through its two core businesses which are Automotive Equipment and Environment. Co.'s activities can be divided into two divisions: the Automotive division and the Environment division. The Automotive division designs, manufactures and sells vehicle body parts (exterior parts and modules) and plastic fuel systems. The Environment division provides products and services for local authorities, including waste pre-collection and management equipment and services, and road and highway signage.
  • TickerPOM
  • ISINFR0000124570
  • ExchangeEuronext Paris
  • SectorAutomobiles & Parts
  • CountryFrance

Analysts

Aurelien Sivignon ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas Thorez
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2019

...

Aurelien Sivignon ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas Thorez
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 23/04/2019

...

Michael Foundoukidis

Plastic Omnium : Best-in-class outperformance a key strength in current low visibility environment

>A solid Q1 2019 which lends weight to our Buy recommendation - The marked outperformance from Plastic Omnium in Q1 2019 (+650bp), in a nonetheless strained context due to the 7% fall in automotive production worldwide, should reassure regarding the outlook for the group despite the cautious message on H2 due to the lack of visibility and management’s usual conservative approach. As such, we do not expect any significant change in consensus expectations following thi...

Michael Foundoukidis

Plastic Omnium : La forte surperformance reste un atout majeur face au manque de visibilité

>Un T1 2019 solide qui nous conforte dans notre opinion Achat - La forte surperformance de Plastic Omnium au T1 2019 (+650 pb), dans un contexte pourtant tendu en raison de la chute de la production automobile mondiale de 7%, devrait rassurer quant aux perspectives de l’équipementier malgré le message prudent passé sur le S2 en raison du manque de visibilité et de la prudence habituelle du management. Nous n’attendons pas de révisions significatives des attentes à la...

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

...

Anne-Barbara Nicco, CFA

Plastic Omnium : Issuance Focus

Plastic Omnium is preparing a new offering of € 500m notes with a seven-year maturity (2025). We estimate the group's rating at BBB/stable. In the secondary market, the Plastic Omnium 2020 issue trades on a spread of ASW+29bp and Plastic Omnium 2024, ASW+125bp. After spread tightening of 10bp between its issuance in June 2017 and the end of 2017, the Plastic Omnium 2024 paper got off to a difficult start in 2018, seeing its spread widen by 40bp since the beginning of the year (vs. +17bp for the JPM BBB 5-7 Y index) including +10bp after the announcement of the acquisition of 33.33% of HBPO in ...

Anne-Barbara Nicco, CFA

Plastic Omnium : Focus Emission

Plastic Omnium s’apprête à émettre un nouvel emprunt obligataire de 500 m EUR sur 7 ans (2025). Nous estimons le rating du groupe à BBB/stable. Sur le marché secondaire, le titre Plastic Omnium 2020 traite à asw+29 bp et le titre Plastic Omnium 2024, à asw+125 bp. Après un resserrement de spread de 10 bp entre son émission en juin 2017 et la fin de l’année 2017, Plastic Omnium 2024 a connu un démarrage plus difficile en 2018, voyant son spread s’élargir de 40 bp depuis le début de l’année (vs. +17 bp pour l’indice JPM BBB 5-7 ans) dont +10 bp après l’annonce de l’acquisition de 33.33% de HBPO ...

Anne-Barbara Nicco, CFA

Plastic Omnium : Focus Emission

Plastic Omnium is preparing to issue a new € 500m bond with a seven-year maturity (2024). We estimate the group’s rating at BBB with a positive outlook. On the secondary market, the 2020 Plastic Omnium paper trades at ASW+52bp. Comparable unrated bonds are: 1/ the 2024 Lagardère bond issued at ASW+135bp two days ago (and trading at ASW+129bp today). However, given the spread on the 2019 Lagardère note (ASW+75bp, i.e. 23bp more than the 2020 Plastic Omnium bond), we believe that the new Plastic Omnium bond is likely to be issued at a tighter spread than the 2024 Lagardère bond.2/the 2024 Groupe...

Anne-Barbara Nicco, CFA

Plastic Omnium : Focus Emission

Plastic Omnium s’apprête à émettre un nouvel emprunt obligataire de 500 m EUR sur 7 ans (2024). Nous estimons le rating du groupe à BBB/outlook positif. Sur le marché secondaire, le titre Plastic Omnium 2020 traite sur la base d’un spread d’asw+52 bp. Les obligations non notées comparables sont : 1/ Lagardère 2024 qui a été émise à asw+135 bp il y a deux jours (et traite à asw+129 bp aujourd’hui). Toutefois, compte tenu du spread de Lagardère 2019 (asw+75 bp soit 23 bp de plus que Plastic Omnium 2020), nous estimons que la nouvelle obligation Plastic Omnium devrait sortir sur un spread plus se...

Aurelien Sivignon ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas Thorez
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2019

...

Aurelien Sivignon ...
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Louis Boujard
  • Michael Foundoukidis
  • Nicolas Thorez
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 23/04/2019

...

Michael Foundoukidis

Plastic Omnium : Best-in-class outperformance a key strength in current low visibility environment

>A solid Q1 2019 which lends weight to our Buy recommendation - The marked outperformance from Plastic Omnium in Q1 2019 (+650bp), in a nonetheless strained context due to the 7% fall in automotive production worldwide, should reassure regarding the outlook for the group despite the cautious message on H2 due to the lack of visibility and management’s usual conservative approach. As such, we do not expect any significant change in consensus expectations following thi...

Michael Foundoukidis

Plastic Omnium : La forte surperformance reste un atout majeur face au manque de visibilité

>Un T1 2019 solide qui nous conforte dans notre opinion Achat - La forte surperformance de Plastic Omnium au T1 2019 (+650 pb), dans un contexte pourtant tendu en raison de la chute de la production automobile mondiale de 7%, devrait rassurer quant aux perspectives de l’équipementier malgré le message prudent passé sur le S2 en raison du manque de visibilité et de la prudence habituelle du management. Nous n’attendons pas de révisions significatives des attentes à la...

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...

1 director bought

A director at Plastic Omnium(Cie) bought 20,000 shares at 23.651EUR and the significance rating of the trade was 65/100. 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 o...

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

...

Bruno Cavalier ...
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/11/2019

While the disappointments on Q4 2018 were largely due to the market environment, these results nonetheless raise more long-term questions on inflows, equity activities and litigation. Forecasts and target price lowered. Neutral recommendation reiterated. - ...

PLASTIC OMNIUM sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of PLASTIC OMNIUM (FR), active in the Auto Parts industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered 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 February 8, 2019, the closing price was EUR 21.20 and its target price was estimated at EUR 18.74.

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...

Anne-Barbara Nicco

Plastic Omnium : A reassuring issuer in the current context but an M&A risk

The POMFP 2024 notes offer a yield of 2.3%, corresponding to the yield of a 5-year issue rated between 'BB+' (1.82%) and 'BB' (2.54%), according to our yield matrix, which we think is over done in relation to the company's credit quality and is due to the fact that it is not rated and is part of the Auto sector. By comparison, Valeo 2024 (Baa2 negative, BBB negative) offers a yield of 1.3% and Faurecia 2025 (Ba1/BB+), a yield of 2.9%. Despite this premium and the group's reassuri...

Anne-Barbara Nicco

Plastic Omnium : Un émetteur rassurant dans le contexte actuel mais un risque de M&A

L’obligation POMFP 2024 offre un rendement de 2.3%, correspondant à celui d’une émission sur 5 ans notée entre BB+ (1.82%) et BB (2.54%), selon notre matrice de rendements, un niveau qui nous semble excessif comparé à la qualité de crédit de la société et se justifie par son absence de notation et son secteur automobile. En comparaison, Valeo 2024 (Baa2 négatif, BBB négatif) offre ainsi un rendement de 1.3% et Faurecia 2025 (Ba1/BB+), de 2.9%. En dépit de cette prime et du positi...

Florian Béchaz

Plastic Omnium - Assemblée générale des actionnaires du 25 avril 2019

Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord lors de la présente assemblée générale la société propose de modifier la forme de la société en société européenne. Proxinvest n'est pas favorable à ce régime qui implique une perte de garanti pour les actionnaires. Ensuite concernant le conseil d'administration, Proxinvest regrette l'absence d'une majorité de membres indépendants. En effet, d'après Proxinvest ce conseil ne comporte que 40% d'indépendants, ce qui est trop faible.

Jehanne Leroy

Proxy Report - 26/04/2018

Proxinvest attire l'attention des actionnaires sur l'absence de montants dans politique de rémunération au titre de l'exercice 2018, rendant ainsi impossible une évaluation claire de la rémunération. Concernant la rémunération, au titre de l'exercice 2017, des dirigeants mandataires sociaux, Proxinvest souligne le fait que la structure de cette rémunération ne respecte pas ses recommandations, ni les pratiques de la place. Ainsi, la rémunération du Président Directeur Général est contestable pour sa transparence, pour sa structure ainsi que pour les montants engagés. Par ailleurs, la société e...

Matthieu DRIOL

Short term view - PLASTIC OMNIUM : 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 €22.07. The background trend would be questioned should prices rise above €35.12.

Matthieu DRIOL

Analyse court terme - PLASTIC OMNIUM : 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 22,07 €. La tendance de fond serait remise en cause en cas de franchissement de 35,12 €.

Matthieu DRIOL

Analyse court terme - PLASTIC OMNIUM : 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 22,07 €, puis 20,71 €. Le franchissement de 35,12 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

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

The background trend is clearly bearish. The movement goes on. The next target is at €22.07, then €20.71. Passing €35.12 would question the continuation of the fall.

Matthieu DRIOL

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