Ubisoft's restructuring efforts are showing progress through cost reductions, balance sheet improvement, and the implementation of its new operating structure. Ubisoft's established franchises, including Assassin's Creed, Rainbow Six Siege, and The Division, continue driving strong recurring revenue and back-catalog performance. Ubisoft trades at an EV to EBITDA multiple of 2.13, suggesting the market still expects the company's turnaround efforts to fail.
Ubisoft shares plunged 18% on Thursday after the Assassin's Creed maker warned of further losses this year.
The French videogame group said it expects to return to positive non-IFRS operating profit and free cash flow generation in the fiscal year through March 2028, not in fiscal 2027 as previously planned.
| Capital Markets Industry | Financials Sector | Yves Guillemot CEO | XSTU Exchange | US90348R1023 ISIN |
| FR Country | 18,666 Employees | 18 May 2012 Last Dividend | 25 Nov 2008 Last Split | - IPO Date |
This fund is an actively managed exchange-traded fund (ETF) that primarily focuses on investing in exchange-listed equity securities and total return swaps. The core of its investment strategy is to provide exposure to the cannabis and hemp ecosystem. It adheres to a policy of investing at least 80% of its net assets in equity securities, such as common stock and depositary receipts. These investments are specifically in companies and Real Estate Investment Trusts (REITs) that either derive a significant portion of their net revenue from the cannabis and hemp sectors or invest a majority of their assets within these industries. The fund categorizes itself as non-diversified, pointing towards a focused investment approach in the cannabis and hemp industry.
These are stocks, common shares, or depositary receipts that are traded on public stock exchanges. The fund invests in these financial instruments, specifically targeting companies and REITs involved in the cannabis and hemp sector. This approach aims at harnessing the growth potential of these companies, leveraging the evolving legal and social landscape surrounding cannabis and hemp.
These are derivative contracts that allow the fund to gain exposure to the returns of the cannabis and hemp sectors without needing to hold the underlying securities directly. Through these swaps, the fund can replicate the performance of a specified set of assets by receiving the return of these assets in exchange for a funding cost. This provides flexibility in managing the portfolio and accessing broader market segments.
The fund specifically targets companies and REITs that have a substantial portion of their business within the cannabis and hemp ecosystem. This includes entities that either derive at least 50% of their net revenue from this sector or have the majority of their investments directed towards the cannabis and hemp industries. This focused investment strategy seeks to capitalize on the growth and development within this niche market.