The core of SFPI Group’s business model is to target niche markets among the rather moderately-growing building and industrial sectors. SFPI Group has a c.€230m market cap. We initiate coverage of SFPI Group with a Buy recommendation and a c.70% upside. Following the success of the merger-absorption of DOM Security, we believe that the company now has greater firepower and could rapidly announce new bolt-on acquisitions.
05 Dec 2018
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Groupe SFPI SA (0N9P:LON) | 0 0 -0.3% | Mkt Cap: 282.5m
- Published:
05 Dec 2018 -
Author:
Felix Brunotte -
Pages:
40
The core of SFPI Group’s business model is to target niche markets among the rather moderately-growing building and industrial sectors. SFPI Group has a c.€230m market cap. We initiate coverage of SFPI Group with a Buy recommendation and a c.70% upside. Following the success of the merger-absorption of DOM Security, we believe that the company now has greater firepower and could rapidly announce new bolt-on acquisitions.