Worldline: Oddo still a buyer

(CercleFinance.com) - Oddo maintains its "outperform" rating on the Worldline stock, with an unchanged target price of 77 euros.


After speaking with Gilles Grapinet, the CEO of Worldline, Oddo was convinced by his comments, especially after the violent stock market correction (-26% in one month).

The CEO notably reassured analysts 1/ on the positioning of Worldline vis-à-vis new entrants and the trend in its market share gains, 2/ on the group's short- and medium-term prospects and 3/ on the possibility of a rapid disposal of the terminals, the broker says.

With target EBITDA of 1.5 billion euros in 2024, the share is trading at around 11x excluding terminals, which is very attractive for a group that benefits from growth of 10% p.a., the analyst says.


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