Teleperformance

Teleperformance is engaged in outsourced customer experience management. Co. delivers integrated solutions to corporations and administrative bodies worldwide to manage all aspects of the customer-relations cycle on their behalf. Co.'s activities include four core business areas: customer care (these are services provided as part of customer service management); technical support; debt collection; and business information and marketing actions. As of Dec. 31, 2013, Co. had approximately 110,000 computerized workstations across 46 countries. Co.'s client includes industries like Telecoms, Internet, Financial services, Technology/media, Insurance, Government sector and Utilities.
  • TickerRCF
  • ISINFR0000051807
  • ExchangeEuronext Paris
  • SectorSupport Services
  • CountryFrance

Analysts

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2019 Date Performance since listing Date Performance since listing

Sixt Leasing, an independent player in the German vehicle leasing and fleet management market, stands out for its strong momentum in the online retail and fleet management segments and its capacity to handle the diesel risk effectively. These strengths should pave the way for buoyant growth over the coming years (2018-2021e CAGR of +8% for revenue and 15% for pre-tax profit) and a rerating of the stock (target price € 18.1, i.e. 34% upside). We are initiating coverage of the stock wit...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2019

An objective examination of the growth drivers of indices (macroeconomic growth expectations, EPS momentum, monetary conditions and the cost of capital) leads us to believe that the momentum observed since the start of the year cannot be maintained in the short term. In short, the market (Stoxx 600) is ahead of its transition times and should enter a fluctuation band that we estimate at between 355 and 384 points. Consequently, the most rational attitude consists in a total or partial...

Christophe-Raphaël Ganet

Teleperformance : Changes to our Top Picks List: withdrawal of Interparfums and Vétoquinol

>A pretty good start to our Top Picks List - Since its updating on 21 January, our Oddo Midcap Selected List has gained 9.8% whilst the S&Midcap indices has increased by less than 6% (Mid 60: +5.9% - Cac Mid&Small: +5.1% - Cac Small: +0.6% - 40 sales: 8.2%).In Europe, the S&Midcap indices that we track rose, on average by +4/+5% (Netherlands AMS Small Cap: +5% - Germany MDax: +4.5% - Stoxx Europe 200: +3.9% - Switzerland SMI Mid: +3.9% - FTSE Italia MidCap: +6.8%...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2019

Sixt Leasing, acteur indépendant du marché allemand du leasing de véhicules et de gestion de flottes, se distingue par sa forte dynamique sur les segments Online Retail et Fleet Management, ainsi que par sa capacité à gérer efficacement le risque diesel. Ces atouts se traduiront par une croissance soutenue sur les prochaines années (TMVA18-21e CA : +8% ; RCAI : 15%) et par une revalorisation du titre (OC 18.1 €, soit un potentiel de 34%). Nous initions la couverture avec une opinion A...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/03/2019

Un examen objectif des moteurs de progression des indices (anticipations de croissance macroéconomique, dynamique des BPA, évolution des conditions monétaires et coût du capital) nous amène à penser que la dynamique observée depuis le début de l’année ne peut se maintenir à court terme. Bref, le marché (Stoxx 600) est en avance sur ses temps de passage et devrait entrer dans une bande de fluctuation que nous estimons comprise entre 355 et 384 points. En conséquence, l’attitude la plus...

Christophe-Raphaël Ganet

Teleperformance : Changes to our Top Picks List: withdrawal of Interparfums and Vétoquinol

>A pretty good start to our Top Picks List - Since its updating on 21 January, our Oddo Midcap Selected List has gained 9.8% whilst the S&Midcap indices has increased by less than 6% (Mid 60: +5.9% - Cac Mid&Small: +5.1% - Cac Small: +0.6% - 40 sales: 8.2%).In Europe, the S&Midcap indices that we track rose, on average by +4/+5% (Netherlands AMS Small Cap: +5% - Germany MDax: +4.5% - Stoxx Europe 200: +3.9% - Switzerland SMI Mid: +3.9% - FTSE Italia MidCap: +6.8%...

Christophe Chaput

Teleperformance : Feedback from road show with management in Germany: confidence in sales and profitability in 2019. Improvement also expected in the FCF

>Feedback from road show with management in Germany - At a road show with management, the group recapped on 2018, the growth prospects for 2019 and the medium term. We note the following: The relative disappointment in the 2018 FCF (€ 282m vs € 381m forecast by the consensus) is justified by: 1/ non-recurring items for € 25m (restructuring, Intelenet acquisition costs); 2/ tax payment of € 170m (vs € 147m in 2017); 3/ a WCR deterioration of € 49m, which is nevert...

Christophe-Raphaël Ganet

Téléperformance : Changement au sein de notre Top Picks List : sortie d’Interparfums et de Vétoquinol

>Plutôt bon début de parcours de notre Top Picks List - Depuis sa mise à jour le 21 janvier, notre Sélection Oddo Midcap a progressé de 9,8% pendant que les indices S&Midcap progressaient de moins de 6% (Mid 60 : +5.9% - Cac Mid&Small : +5.1% - Cac Small : +0,6% - CA 40 : 8.2%).En Europe, les indices S&Midcap que nous surveillons ont progressé, en moyenne, autour de +4/+5% (Netherlands AMS Small Cap : +5% - Germany MDax : +4.5% - Stoxx Europe 200 : +3.9% - Switze...

Christophe Chaput

Téléperformance : Feedback RS management en Allemagne : confiance sur l’activité et la profitabilité en 2019. Amélioration également attendue du FCF

>Feedback RS management en Allemagne - A l’occasion d’un roadshow avec le management, le groupe est revenu sur son exercice 2018 et ses perspectives de croissance pour 2019 et à moyen terme. Pour notre part, nous retiendrons : La relative déception au niveau du FCF 2018 (282 M€ vs 381 M€ attendus par le css) s’explique par : 1/ des éléments non récurrents pour 25 M€ (restructuration ; couts acquisition Intelenet) ; 2/ des impôts décaissés pour 170 M€ (vs 147 M€ e...

Christophe Chaput

Teleperformance : Sharp increase in Q4 sales, margins in line with forecasts. Disappointing FCF but rise in investments reflects expected momentum in 2019

>Excellent Q4 sales: +10.8% l-f-l; EBITDA +8.6% to € 603m vs consensus € 602m - Téléperformance has reported brisk growth in its 2018 results : Sales growth of 6.2% to € 4,441m, close to our forecasts (€ 4,443m) and the consensus (€ 4,420m). The l-f-l increase comes to 9% vs +10.8% in Q4 (to recap: +8.3% 9M; consensus for Q4 at +8.4%). In the breakdown (see full figures on the next page), the core service businesses rose +9.8% l-f-l over the full year, of which +...

1 director sold

A director at Teleperformance sold 1,000 shares at 164.250EUR and the significance rating of the trade was 63/100. 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 boar...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2019 Date Performance since listing Date Performance since listing

Sixt Leasing, an independent player in the German vehicle leasing and fleet management market, stands out for its strong momentum in the online retail and fleet management segments and its capacity to handle the diesel risk effectively. These strengths should pave the way for buoyant growth over the coming years (2018-2021e CAGR of +8% for revenue and 15% for pre-tax profit) and a rerating of the stock (target price € 18.1, i.e. 34% upside). We are initiating coverage of the stock wit...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/08/2019

An objective examination of the growth drivers of indices (macroeconomic growth expectations, EPS momentum, monetary conditions and the cost of capital) leads us to believe that the momentum observed since the start of the year cannot be maintained in the short term. In short, the market (Stoxx 600) is ahead of its transition times and should enter a fluctuation band that we estimate at between 355 and 384 points. Consequently, the most rational attitude consists in a total or partial...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2019

Sixt Leasing, acteur indépendant du marché allemand du leasing de véhicules et de gestion de flottes, se distingue par sa forte dynamique sur les segments Online Retail et Fleet Management, ainsi que par sa capacité à gérer efficacement le risque diesel. Ces atouts se traduiront par une croissance soutenue sur les prochaines années (TMVA18-21e CA : +8% ; RCAI : 15%) et par une revalorisation du titre (OC 18.1 €, soit un potentiel de 34%). Nous initions la couverture avec une opinion A...

Alfred Glaser ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Manuel Martin
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/03/2019

Un examen objectif des moteurs de progression des indices (anticipations de croissance macroéconomique, dynamique des BPA, évolution des conditions monétaires et coût du capital) nous amène à penser que la dynamique observée depuis le début de l’année ne peut se maintenir à court terme. Bref, le marché (Stoxx 600) est en avance sur ses temps de passage et devrait entrer dans une bande de fluctuation que nous estimons comprise entre 355 et 384 points. En conséquence, l’attitude la plus...

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. - ...

TELEPERFORMANCE increases its risk exposure and slightly lowers to Neutral

TELEPERFORMANCE (FR), a company active in the Computer Services industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 8, 2019, the closing price was EUR 149.60 and its expected value was estimated at EUR 145.24.

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...

MarketLine Department

Convergys Corporation - Strategy, SWOT and Corporate Finance Report

Convergys Corporation - Strategy, SWOT and Corporate Finance Report Summary Convergys Corporation - 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 Convergys Corporation (Convergys or "the company") is engaged in customer experience outsourcing. The company provides solutions across the customer lifecycle, including sales, customer service, technical support, cus...

GlobalData Department

Teleperformance S.A. (RCF) - Financial and Strategic SWOT Analysis Review

Teleperformance S.A. (RCF) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. The profile contains critical company information including: - Business description – A detailed descr...

Téléperformance - Assemblée générale des actionnaires du 09 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.

Teleperformance – Proxinvest Corporate Governance Rating ® : C

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 - 20/04/2018

The company is experiencing a change in governance structure: Mr. Daniel César Salles Vasques resigned as Chief Executive Officer and Director in October 2017. In this context, Mr. Daniel Julien was appointed Chairman and Chief Executive Officer and Mr. Olivier Rigaudy was appointed Deputy Chief Executive Officer on October 13, 2017, the latter retains his employment contract and his functions as Group Chief Financial Officer. We are generally not in favor of the combination of the positions of CEO and Chairman. Exceptions to this role can be made if the company has implemented checks to the ...

Charles Pinel

Proxy Report - 20/04/2018

La société connait un changement de la structure de gouvernance : Paulo César Salles Vasques a démissionné de ses fonctions de Directeur Général et d’administrateur en octobre 2017. Dans ce cadre, Daniel Julien a été nommé Président-Directeur Général et Olivier Rigaudy a été nommé Directeur Général Délégué le 13 octobre 2017, ce dernier conserve toutefois son contrat de travail et ses fonctions de Directeur Financier Groupe. Toutefois, Proxinvest n'est pas favorable à la réunification des fonctions et malgré la mise en place de contre-pouvoirs, nous attendons toujours que le Président propose ...

Charles Pinel

Etude de l'AG du 23/06/2017

Comme chaque année, Proxinvest relève de sérieuses lacunes dans la présentation du rapport spécial des commissaires aux comptes sur les conventions réglementées. En effet, celui-ci ne comprend aucune convention ni engagement réglementés alors que plusieurs devraient y figurer selon Proxinvest. Les renouvellements des deux mandats des commissaires aux comptes, Deloitte et KMPG, sont proposés cette année, constituant une opportunité pour les actionnaires de sanctionner cette pratique, d'autant qu'ils sont en poste depuis 18 et 30 ans, durées bien trop importantes (résolutions 4, 13 et 14). Les ...

Valérie GASTALDY

Short term view - TELEPERFORMANCE : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €141.10.

Valérie GASTALDY

Analyse court terme - TELEPERFORMANCE : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 141,10 €.

Valérie GASTALDY

Short term view - TELEPERFORMANCE : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Valérie GASTALDY

Analyse court terme - TELEPERFORMANCE : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

Valérie GASTALDY

Analyse moyen terme - TELEPERFORMANCE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 131,90 €.

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