NEXANS ● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths
● The share is getting closer to its long-term support in weekly data, at EUR 45.67, which offers good timing for buyers.
● The stock, which is currently worth 2017 to 0.49 times its sales, is clearly overvalued in comparison with peers.
● With a P/E ratio at 14.1 for the current year and 12.81 for next year, earnings multiples are highly attractive compared with competitors.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
● The group usually releases earnings worse than estimated.
● Analysts covering the stock have recently lowered their earnings forecast.
