MF FP

Wendel SE

Finance/Real Estate


Presented:08/22/2024
Price:€89.50
Cap:$4.24B
Current Price:€93.10
Cap:$4.41B

Presented

Date08/22/2024
Price€89.50
Market Cap$4.24B
Ent Value$8.77B
P/E Ratio7.9x
Book Value€76.35
Div Yield4.47%
Shares O/S42.49M
Ave Daily Vol44,763
Short IntN/A

Current

Price€93.10
Market Cap$4.41B
Wendel SE engages in the acquisition and management of investment portfolios. The company was founded in 1704 and is headquartered in Paris, France.

Publicly traded companies mentioned herein: American Tower Corp (AMT), Bureau Veritas SA (4BV GR), IHS Holding Ltd (IHS), Wendel SE (MF FP)

Highlights

The presenter is long shares of Wendel SE (MF FP), expecting the company’s transition to a fee-for-service business model to positively impact results. Additionally, Wendel is selling down its largest public equity position, which will allow the company to make new investments where it has a strong track record and buy back stock. With the stock currently trading at approximately 50% of NAV, the presenter estimates the stock could double as it moves back up to 75% of NAV.

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Idea Discussion

Commentor 1 - 2 weeks ago

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