CAPMF - Capgemini: An Undervalued Post-COVID Recovery Play
Capgemini’s (OTCPK:CAPMF) 1H20 report highlighted the resilience of the business model, with a rising contribution from SMAC/Digital (now over 50% of overall revenue), as well as potential productivity benefits standing out as key positives. Going forward, Capgemini is also well-positioned to capitalize on key longer-term enterprise IT drivers such as Digital & Cloud, AI, and Digital Manufacturing. Looking through the short-term COVID impact, I am bullish on the stock, given the potential for an upside surprise across both growth and margins, with tailwinds such as cloud and digital underpinning the longer-term case. Given