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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Valeo    FR   FR0013176526

VALEO

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Valeo : looks to outperform auto market in 2020, restarts most China plants

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02/20/2020 | 02:50pm EDT
Logo of Valeo is seen at VivaTech fair in Paris

Paris-based automotive supplier Valeo said on Thursday it expects to outperform a tough auto market in 2020 as strict cost controls help it boost free cash flow and operating margin.

Valeo, which specialises in the design, production and sale of components and services for the automotive sector, also said its 32 plants located outside Hubei province in China, which account for 90% of nominal sales in the country, had resumed production following the coronavirus outbreak.

It said that it was too early to evaluate the impact of the virus on the company's 2020 results and the wider auto industry but added that the supply chain was progressively getting back to normal, without providing a schedule for full recovery.

"We respect all the rules implemented by the Chinese authorities", Jacques Aschenbroich, Valeo?s Chairman and Chief Executive Officer, said on a call with journalists.

To date, most coronavirus cases have been in Wuhan, the capital of Hubei province, where Valeo operates three sites, including a technology centre which develops parts and components for intelligent vehicles.

The company, one of the world?s largest makers of car parts, said 2019 sales came to 19.48 billion euros ($21.02 billion), in line with the average estimate of 19.47 billion euros in a Refinitiv poll, and free cash flow increased more than three times to 519 million euros.

Carmakers are struggling with an auto industry downturn, particularly in key market China, and the need to increase investment in electric vehicles as several countries move to eventually ban conventional combustion engines.

Valeo said it expected automotive production to fall 2% this year.

(Reporting by Maria Trybus; Editing by Kirsten Donovan, Christina Fincher)

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Financials (EUR)
Sales 2020 18 833 M
EBIT 2020 771 M
Net income 2020 387 M
Debt 2020 3 257 M
Yield 2020 7,74%
P/E ratio 2020 9,66x
P/E ratio 2021 6,17x
EV / Sales2020 0,37x
EV / Sales2021 0,34x
Capitalization 3 704 M
Chart VALEO
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Valeo Technical Analysis Chart | FR | FR0013176526 | MarketScreener
Technical analysis trends VALEO
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Average target price 22,53  €
Last Close Price 15,50  €
Spread / Highest target 145%
Spread / Average Target 45,4%
Spread / Lowest Target -61,3%
EPS Revisions
Managers
NameTitle
Jacques Aschenbroich Chairman & Chief Executive Officer
Christophe Périllat-Piratoine Chief Operating Officer
Robert Charvier Chief Financial Officer
Jean-François Tarabbia SVP-Product Marketing, Research & Development
Thierry Moulonguet Independent Non-Executive Director
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