Sopra Steria Group: Looking beyond 2017, and no big concerns on SSCL

BUY, Fair Value EUR130 vs. EUR121 (+13%)

News published on May Friday 27, 2016
Share on

We reiterate our Buy rating and have raised our DCF-derived Fair Value from EUR121 to EUR130, following the increase in our medium-term assumptions for lfl revenue growth from 4.5% to 5%  (+EUR5/share) and for adj. EBIT margin from 9% to 9.5% (+EUR4/share). While at this stage we are confident that FY17 targets are likely to be achieved, we consider that Sopra Steria has the means to deliver operating margin of 10% or more over the medium-term (barring an economic shock).

For more information, please contact

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities