Analysts and consensus
Stock coverage
The stock, part of the FTSE MIB index since the end of 2018 and the Stoxx Europe 600 since June 2019, is covered by 16 analysts, who actively follow Amplifon with specific studies and analysis.
Here is the list of analysts following Amplifon, together with a summary of their recommendations and an overall consensus.
Please note
The list below may not be complete and is subject to change. Please note that all the opinions, estimates or forecasts relating to Amplifon's results made by the analysts are personal opinions and do not represent opinions, forecasts or previews made by Amplifon or Amplifon's management. The fact that Amplifon provides such information does not involve - and for this reason this constitutes an express warning to the contrary - any endorsement of the research, conclusions and recommendations supplied by these analysts.
Recommendations
Analysts
Broker
|
Banca Akros |
|
Banca IMI |
|
Bank of America Merrill Lynch |
|
Bernstein Research |
|
Carnegie |
|
Commerzbank |
|
Equita SIM |
|
Exane BNP Paribas |
|
Fidentiis Equities |
|
Goldman Sachs |
|
HSBC |
|
Intermonte |
|
Jefferies International |
|
Kepler Cheuvreux |
|
Mainfirst |
|
Mediobanca |
Analyst
|
Banca Akros |
|
|
Banca IMI |
|
|
Bank of America Merrill Lynch |
|
|
Bernstein Research |
|
|
Carnegie |
|
|
Commerzbank |
|
|
Equita SIM |
|
|
Exane BNP Paribas |
|
|
Fidentiis Equities |
|
|
Goldman Sachs |
|
|
HSBC |
|
|
Intermonte |
|
|
Jefferies International |
|
|
Kepler Cheuvreux |
|
|
Mainfirst |
|
|
Mediobanca |
Target price (€)
|
Banca Akros |
22.3 |
|
Banca IMI |
23.1 |
|
Bank of America Merrill Lynch |
13.8 |
|
Bernstein Research |
22.0 |
|
Carnegie |
21.0 |
|
Commerzbank |
23.0 |
|
Equita SIM |
23.0 |
|
Exane BNP Paribas |
25.0 |
|
Fidentiis Equities |
24.5 |
|
Goldman Sachs |
16.0 |
|
HSBC |
27.0 |
|
Intermonte |
26.0 |
|
Jefferies International |
18.1 |
|
Kepler Cheuvreux |
23.0 |
|
Mainfirst |
23.0 |
|
Mediobanca |
19.0 |
Recommendation
|
Banca Akros |
Neutral |
|
Banca IMI |
Hold |
|
Bank of America Merrill Lynch |
Underperform |
|
Bernstein Research |
Market-perform |
|
Carnegie |
Hold |
|
Commerzbank |
Hold |
|
Equita SIM |
Hold |
|
Exane BNP Paribas |
Neutral |
|
Fidentiis Equities |
Hold |
|
Goldman Sachs |
Neutral |
|
HSBC |
Buy |
|
Intermonte |
Hold |
|
Jefferies International |
Hold |
|
Kepler Cheuvreux |
Hold |
|
Mainfirst |
Buy |
|
Mediobanca |
Neutral |
date
|
Banca Akros |
30/04/2020 |
|
Banca IMI |
08/06/2020 |
|
Bank of America Merrill Lynch |
29/04/2020 |
|
Bernstein Research |
24/06/2020 |
|
Carnegie |
25/06/2020 |
|
Commerzbank |
22/05/2020 |
|
Equita SIM |
30/04/2020 |
|
Exane BNP Paribas |
02/07/2020 |
|
Fidentiis Equities |
15/07/2020 |
|
Goldman Sachs |
10/06/2020 |
|
HSBC |
06/11/2019 |
|
Intermonte |
08/07/2020 |
|
Jefferies International |
09/04/2020 |
|
Kepler Cheuvreux |
05/06/2020 |
|
Mainfirst |
29/04/2020 |
|
Mediobanca |
30/04/2020 |
Consensus
The consensus provided below is based on the average of all analysts' estimates published after March 15th, 2020, and it was updated on July 15th, 2020.
Consensus with the adoption of the accounting principle IFRS 16 "Leases"
|
Revenues (€m) |
|
EBITDA recurring (€m) |
|
EPS adjusted2 |
2020E1 with IFRS 16
|
Revenues (€m) |
1,496.3 |
|
EBITDA recurring (€m) |
284.9 |
|
EPS adjusted2 |
0.32 |
2021E1 with IFRS 16
|
Revenues (€m) |
1,828.9 |
|
EBITDA recurring (€m) |
414.1 |
|
EPS adjusted2 |
0.72 |
1 Amplifon consensus (current perimeter) is based on 15 analysts' estimates published after March 15, 2020, which adopt the accounting principle IFRS 16.
2 EPS adjusted for non-recurring items and for the amortization of the intangible assets as per the Purchase Price Allocation accounting treatment.
