Added to YB: 2024-03-12
Pitch date: 2024-03-12
TEP.PA [bullish]
Teleperformance SE
-29.73%
current return
Author Info
No bio for this author
Company Info
Teleperformance SE, together with its subsidiaries, operates as a digital business services company in France and internationally.
Market Cap
EUR 3.1B
Pitch Price
EUR 73.86
Price Target
N/A
Dividend
8.40%
EV/EBITDA
3.82
P/E
6.38
EV/Sales
0.69
Sector
Professional Services
Category
value
The End of Teleperformance?
TEP.PA: '23 Revenue up 2.3% to €8.345B, EBITDA 21.3%, Net €602M (↓ Majorel costs), FCF €812M (↑). India focus, 17% CAGR; '24 LFL growth 2-4%, higher FCF, 35-40% dividends, buybacks, target <2x debt/EBITDA. Beats TTEC, TaskUs with 15-20% service CAGR. AI-driven savings. Valuation: P/FCF 10x, EV/EBITDA 6x, sector growth 6-10%. 80% more shares at €84-€103, optimistic despite doubts.
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