Canal+
Note: This is a daily stock update and the information stands true as of 20/12/24, 09:00 CET.
Company Update:
Expert Opinion:
Canal+ is a story that didn’t attract much interest from investors following its IPO earlier this week. But we believe the sharp drop in valuation is now an opportunity to jump in.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
Company Update:
Canal+ has become an aggregator of content with top positions in Europe (France, Poland Slovakia and Czech Republic) and in French speaking sub Saharian African countries. The group is developing in other territories.
This model results in decreased average revenue per subscriber and increased content costs, exerting pressure on margins. EBIT growth prospects are not promising. However, due to the specific conditions of its stock market listing following Vivendi’s split, the valuation is attractive. We have a buy rating with a 100% upside.
Expert Opinion:
Canal+ is a story that didn’t attract much interest from investors following its IPO earlier this week. But we believe the sharp drop in valuation is now an opportunity to jump in.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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Solid start of 2025 with signs of recovery in key markets.