VERALLIA : Oddo BHF remains positive after roadshow
While these good performances have enabled the stock to catch up, with a 37% rise since the start of the year, the research department considers the valuation 'still extremely attractive on the basis of 5.6 times 2023 EV/EBITDA and 5.2 times 2024 EV/EBITDA'.
What's more, the discount to comparables, even if reduced, remains excessive given that Verallia currently boasts the best margins in the sector (29% estimated for 2023, compared with over 25% estimated for Vidrala)', adds the analyst.
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