Schneider Electric
Note: This is a daily stock update and the information stands true as of 04/11/24, 09:00 CET.
Company Update:
Schneider announced its CEO Peter Horweck will be replaced by Oliver Blum, the current head of Siemens Energy. Peter Horweck was appointed only 18 months ago and that short stance is raising questions. According to the company, the key reason for this decision is mutual disagreement(s) on the execution of the group strategy.
Expert Opinion:
Q3 results published late last week were a slight beat and the group confirmed its FY guidance. The fact that they announce the CEO departure only a few days after that is raising questions. Could there be more tensions within the group than externally perceived, notably due to missed opportunities when it comes to M&A? In any case, considering the massive share price rise and the overly expensive valuation (PE24 at 28 down to 24 in 2026), and despite the intrinsic quality of the company, I would take profits. The risk reward profile is now clearly skewed to the downside.
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Company Update:
Schneider announced its CEO Peter Horweck will be replaced by Oliver Blum, the current head of Siemens Energy. Peter Horweck was appointed only 18 months ago and that short stance is raising questions. According to the company, the key reason for this decision is mutual disagreement(s) on the execution of the group strategy.
Expert Opinion:
Q3 results published late last week were a slight beat and the group confirmed its FY guidance. The fact that they announce the CEO departure only a few days after that is raising questions. Could there be more tensions within the group than externally perceived, notably due to missed opportunities when it comes to M&A? In any case, considering the massive share price rise and the overly expensive valuation (PE24 at 28 down to 24 in 2026), and despite the intrinsic quality of the company, I would take profits. The risk reward profile is now clearly skewed to the downside.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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