The scenario of a positive turnaround of the North American Infrastructure & Data Management activities in H2 19 is unchanged. The acquisitions of Syntel by Atos and Six Payment Services by Worldline, completed respectively on 9 October and 30 November 2018, enable a favourable rebalancing of divisions. The stock is trading at low P/Es, <9× 2019E EPS and 2020E EPS (situation on 5 December 2018), which do not price in the positive impact of the acquired Syntel on the group’s
06 Dec 2018
Low P/Es which do not price the positive impact of Syntel
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Low P/Es which do not price the positive impact of Syntel
Atos SE (ATO:WBO) | 0 0 1.4% | Mkt Cap: 12,966m
- Published:
06 Dec 2018 -
Author:
Hélène Coumes -
Pages:
3
The scenario of a positive turnaround of the North American Infrastructure & Data Management activities in H2 19 is unchanged. The acquisitions of Syntel by Atos and Six Payment Services by Worldline, completed respectively on 9 October and 30 November 2018, enable a favourable rebalancing of divisions. The stock is trading at low P/Es, <9× 2019E EPS and 2020E EPS (situation on 5 December 2018), which do not price in the positive impact of the acquired Syntel on the group’s