voda schreef op 8 juni 2021 15:29:
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ASM International: Oddo raises target price
10:03 07/06/2021
ASM International
267,40 +3,80 +1,44%
(CercleFinance.com) - Oddo BHF reinstates its 'outperform' rating on ASM International, having increased its corresponding target price from 310 euros to 320 euros, saying that it remains very confident about the Dutch semiconductor group's positioning.
It says that after revision, the stock is trading at 20.2x expected 2021 EBITDA and 17.5x 2022 EBITDA, which is higher than direct peers, although not excessive given its superior profile.
The broker targets sales of 2.6 billion euros and EPS of just over 15 euros in 2025 (CAGR 2020/2025 of 21%). At 30x earnings, this would bring the stock to 450 euros in 2025 (excluding ASMPT), it points out.