Added to YB: 2024-11-26
Pitch date: 2024-11-24
MMB.PA [bullish]
Lagardere SA
-4.98%
current return
Author Info
No bio for this author
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Company Info
Lagardere SA engages in content publishing, production, broadcasting, and distribution businesses in France and internationally.
Market Cap
EUR 3.0B
Pitch Price
EUR 21.10
Price Target
38.00 (+90%)
Dividend
3.07%
Sector
Media
Category
special_situation
Show full summary:
First Foundation's Eric Speron on the Lagardere SA situation: spin out, publishing, travel retail
MMB.PA: Publishing & travel retail co. Undervalued at 10-11x earnings, 3.2% div yield. Publishing worth 10x EBITA (~€4B). Travel retail worth €3.5B. Vendi spin-off Dec. Intrinsic value growing organically & via M&A. Qatar & LVMH stakes limit downside. 36-38€/share fair value vs 21€ current.
Read full article (35 min)