EUXTF - Euronext: An Asymmetric Growth Play Within The European Financial Sector
Euronext (OTCPK:EUXTF) has an interesting growth profile and a similar financial profile to peers, but trades at a discount which doesn’t seem to be justified offering an asymmetric risk-reward profile in the medium-term.
Euronext is changing its business mix both organically and through acquisitions, which doesn’t seem to be fully reflected in its valuation. A strategy update is expected in the next few months, providing further visibility on its business prospects and possibly being a catalyst for a re-rating of its shares.
Also, the market seems to be worried about a relatively large