Added to YB: 2021-02-24
Pitch date: 2021-02-24
THNPY [bullish]
Technip Energies N.V.
+245.66%
current return
Author Info
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Company Info
Technip Energies N.V., together with its subsidiaries, operates as an engineering and technology company for the energy transition in Europe, Central Asia, the Asia Pacific, Africa, the Middle East, and the Americas.
Market Cap
EUR 4.7B
Pitch Price
EUR 9.26
Price Target
N/A
Dividend
3.16%
EV/EBITDA
3.40
P/E
12.39
EV/Sales
0.28
Sector
Energy Equipment and Services
Category
special_situation
Technip Energies: FTI Spinoff, Forced Selling, Asset-Lite Business
THNPY: Technip Energies spinoff from FTI. Manages large energy projects like LNG facilities. Forced selling pressure due to index changes & international HQ. Asset-lite biz at 15%+ FCFE yield on near-zero net debt with strong backlog. Risks: fixed price contracts, client concentration, TechnipFMC's 49.9% stake overhang. $18+ ADR price target (now $12).
Read full article (4 min)