Finmeccanica SpA: Valuation Update by GreenWood Investors.
Please click here for a brief report updating Finmeccanica’s valuation for the full-year 2014 financial results, as well as the recent sale of its transportation division. We’ve also updated valuations for the entire industry, and noted a few of the recent positive developments at the company.
In a Nutshell:
Shares of Finmeccanica are up 44% since we published our original recommendation. Yet, thanks to some great early maneuvering by the restructuring-focused CEO, the firm’s valuation has risen only 5-15% (whether or not you use EBIT or EBITDA to value the company) and still remains at steep discounts to competitors. We’ve updated our comparable valuation tables to reflect current share prices and full-year...
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