AlphaValue Corporate Services Fundamental Analysis EN
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AlphaValue Corporate Services
Cette analyse a été commandée et financée par l’entreprise concernée et constitue donc un avantage non-monétaire mineur tel que défini par MIFID2

Blackstone Resources

Bloomberg   BLS SW
Batteries (et syst. de)  /  Suisse  Web Site   |   Investors Relation
Banking on big-bang battery technology initiatives
Potentiel 1 472 %
Cours (CHF) 0,76
Capi (MCHF) 32,5
Perf. 1S: -13,6 %
Perf. 1M: -38,7 %
Perf. 3M: -62,0 %
Perf Ytd: -73,4 %
Perf. relative/stoxx600 10j: -15,1 %
Perf. relative/stoxx600 20j: -33,0 %
EPS change22/10/2020

Beneficiary of battery R&D progress + new funding commitment

Changement d’EPS2020 : CHF 0,38 vs 0,56-31,3 %
2021 : CHF 0,50 vs 0,50-0,45 %

Given the delayed start (due to COVID-19) at the respective mining and smelting assets, our 2020 earnings estimates are reset lower. However, as the overall business plans remain unchanged, our estimates from 2021 onwards remain unchanged.

Changement d’Objectif de coursCHF 5,33 vs 5,16+3,32 %

Besides the battery R&D progress, the group’s near-term financing requirements have an ample cushion via Luxembourg-based GEM Global Yield’s CHF30m funding commitment. Hence, our material upside has been maintained.

Changement de NAVCHF 12,4 vs 11,8+5,44 %

Taking on board the recent R&D breakthroughs, the value of the Battery division resets >10% higher. As a result, Battery now accounts for c.56% of Blackstone gross assets.