MF FP

Wendel SE

Finance/Real Estate


Presented:06/07/2019
Price:€116.60
Cap:$5.73B
Current Price:€93.10
Cap:$4.41B

Presented

Date06/07/2019
Price€116.60
Market Cap$5.73B
Ent Value$10.89B
P/E RatioN/A
Book Value€47.72
Div Yield2.4%
Shares O/S44.12M
Ave Daily Vol52,610
Short IntN/A

Current

Price€93.10
Market Cap$4.41B
Wendel SE engages in the acquisition and management of investment portfolios. The company is involved in long-term investment in industrial, media, and services companies. It also acquires portfolios from companies, which are engaged in energy, real estate, biotechnology, media, and advertising sectors. Wendel was founded in 1704 and is headquartered in Paris, France.

Publicly traded companies mentioned herein: American Tower Corp (AMT), Bureau Veritas (BVI FP), Cie de Saint-Gobain (SGO FP), Wendel SA (MF FP)

Highlights

The presenter is long shares of Wendel (MF FP), the €5.3B market cap, €10.8B EV investment company that maintains ownership of both public and private companies. Wendel’s 46.3MM shares outstanding trade at ~€116, ~30% lower than its €166.70 end of Q1’19 NAV per share. This discount seems too wide to the presenter considering its improved portfolio mix and financial structure.

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Idea Discussion

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