bioMérieux : A new test of the support level
Entry price | Target | Stop-loss | Potential |
---|
€94.72 |
€105 |
€90 |
+10.85% |
---|
The fact that share price is returning to the lower bounds of the trading range offers a good timing to enter into new long positions in bioMérieux.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
Weaknesses● The firm trades with high earnings multiples: 26.09 times its 2023 earnings per share.
● The company appears highly valued given the size of its balance sheet.
● The company is highly valued given the cash flows generated by its activity.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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Surperformance is Buy on BIOMÉRIEUX since 2023-07-27
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