OR.PA - L'Oreal S.A.
| Previous Close | 256.30 |
| Open | 258.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 254.60 - 258.70 |
| 52 Week Range | 193.20 - 266.60 |
| Volume | 484,391 |
| Avg. Volume | 453,370 |
| Market Cap | 143B |
| Beta (5Y Monthly) | 0.45 |
| PE Ratio (TTM) | 36.56 |
| EPS (TTM) | 7.01 |
| Earnings Date | Feb 6, 2020 |
| Forward Dividend & Yield | 3.85 (1.50%) |
| Ex-Dividend Date | 2019-04-26 |
| 1y Target Est | 205.31 |
- Bloomberg
Hot Scoop! Ben & Jerry's Needs to Watch Out
(Bloomberg Opinion) -- Nestle SA Chief Executive Officer Mark Schneider just proved his ability to be both strategic and creative as he methodically shapes the Swiss food giant, scooping and scraping up where he can.The company, which spans water, pet food and coffee, on Wednesday agreed to sell its U.S. ice cream business for $4 billion to Froneri, the joint venture it created three years ago with private equity group PAI Partners. The price equates to 2.2 times Nestle’s U.S. ice cream sales in 2018, similar to the multiple European rival Unilever NV achieved when it sold its spreads business to KKR & Co. almost exactly two years ago. That looks reasonable for Nestle’s unit, which includes the Haagen-Dazs brand in the U.S.With the sale, Schneider, a German-American educated at Harvard Business School, is very close to his target of changing up 10% of Nestle’s portfolio, helping to keep activist investor Dan Loeb happy. An outright sale would have been cleaner. But given that Froneri already holds Nestle’s European ice-cream assets, it was probably the easiest option.Nestle and PAI will each inject some funds into the joint venture to facilitate the deal. Even so Nestle should still receive between $3 billion and $4 billion in cash from the proceeds.Most importantly, there is scope for a fuller exit in time. PAI could acquire Nestle’s stake in the joint venture, or, more likely, the two could pursue an initial share sale for Froneri. Increasing sales growth, elevating profitability by developing Haagen-Dazs and cutting costs could potentially generate further value for Nestle in a few years’ time.That Nestle has been able to find a creative way to offload ice cream is encouraging. Schneider had already tackled many of the obvious disposal candidates within the group, including the U.S. confectionery and skincare divisions.Stay tuned for more. He may be equally imaginative with other parts of the group, such as its joint ventures in cereals with General Mills Inc., the U.S. maker of Cheerios, and in chilled dairy with Lactalis International, the French milk and cheese company.For example, Nestle has a few more ice cream divisions in Canada, Latin America and Asia that could be folded into Froneri in due course. But it’s likely Nestle didn’t want to rush it to avoid a bout of indigestion. There are other disposal candidates elsewhere in the group. It is already selling its Herta cooked meats business, while Bloomberg News has reported that it’s weighing the $1 billion sale of two Chinese brands.At least some parts of the U.S. frozen-food division, such as pizzas, could be put on the block, although Nestle has so far stressed its commitment to staying in the business of frozen food. It doesn’t want to miss out on the latest trends with people cooking less and cutting down on meat, which has created a boom in vegetarian and vegan dishes. And although Nestle has restructured its waters business, indicating it wants to keep this division rather than offload it, it could always decide to carve out for sale the part that delivers bottles and dispensers directly to homes and offices.And of course there is Nestle’s stake in L’Oreal SA, although so far the group has remained committed to this. Nestle doesn’t need the money. Even with returning $20 billion to shareholders, year-end net debt is estimated just 1.4 times Ebitda. Deleveraging isn’t part of the strategy, indicating further capital returns. A wild card would be a big deal, for example in medical nutrition.In the meantime, it’s a question of delivering on Schneider’s strategy of steering a steady course between revenue-driven start-ups that make little profit and companies that prioritize margin expansion at the expense of investing in growth. So far, this has paid off for Nestle shareholders, with the stock up 27% this year. But the turn of events may be slightly worrying for Magnum owner Unilever, which now faces a more muscular competitor in ice cream.While Schneider has exhibited laser-like focus in M&A, Unilever’s relatively new CEO Alan Jope and incoming chairman, Nils Andersen, face the challenge of integrating the plethora of small acquisitions the Anglo-Dutch owner of Ben & Jerry’s has made over the past few years, all while trying to elevate sales growth.That was already a tall order. Now they’ll need to add avoiding a malfunction in the frozen aisle to their to-do list.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- GlobeNewswire
L'Oréal: News release: "Prada and L'Oréal announce the signing of a long-term license agreement"
Prada S.p.A. and L'Oréal announce the signing of a long-term license agreement for the creation, development and distribution of luxury beauty products for the Prada brand. Prada is one of the most respected players in the global luxury industry.
- GlobeNewswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at 30 November 2019
Société anonyme au capital de 112 324 548,80 eurosSiège social : 14, rue Royale, 75008 Paris632 012 100 R.C.S. ParisLegal Entity Identifyer : 529900JI1GG6F7RKVI53.
- Simply Wall St.
What Does L'Oréal S.A.'s (EPA:OR) P/E Ratio Tell You?
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
- Reuters
L'Oreal's Lancome beefs up stores as luxury cosmetics take off
L'Oreal's Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics. Lancome, one of the biggest brands of French cosmetics' group L'Oreal, already sells its creams and make-up though airport retailers, department stores and other networks, including 50 freestanding stores in China.
- GuruFocus.com
Urbem's 'Wonderful Business' Series: Estee Lauder
A moaty play on the SHEconomy and emerging markets Continue reading...
- Moody's
Hudson Yards 2016-10HY Mortgage Trust -- Moody's affirms six CMBS classes of Hudson Yards 2016-10HY
Moody's Investors Service ("Moody's") affirmed the ratings on six classes of Hudson Yards 2016-10HY Mortgage Trust, Commercial Mortgage Pass-Through Certificates. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating.
- Barrons.com
Ulta Stock Needs to Fall to $205 Before It’ll Be Attractive, Analysts Say
Behind Stifel’s downbeat outlook on Ulta: increasing promotional activity, sluggish growth across the U.S. beauty industry, and tough comparisons to last year’s fourth quarter when the chain launched celebrity Kylie Jenner’s makeup line.
- GuruFocus.com
Ulta: A Beautiful Buy
A simple, growing business with great management at the right price Continue reading...
- Simply Wall St.
Is L'Oréal S.A.'s (EPA:OR) CEO Overpaid Relative To Its Peers?
In 2006 Jean-Paul Agon was appointed CEO of L'Oréal S.A. (EPA:OR). This analysis aims first to contrast CEO...
- GlobeNewswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at 31 october 2019
Société anonyme au capital de 112 324 548,80 eurosSiège social : 14, rue Royale, 75008 Paris632 012 100 R.C.S. ParisLegal Entity Identifyer : 529900JI1GG6F7RKVI53.
- Benzinga
L'Oreal CEO Says Beauty Products Resilient Even Against An Economic 'Crisis'
Millennials and young consumers worldwide, especially in China, have a "strong appetite" for beauty products, including makeup and skincare, Agon told CNBC. Not only is the beauty market immune to an economic slowdown but it can remain resilient during an economic "crisis," the CEO said. L'Oreal is taking advantage of the industry's strength by "fueling growth" through investing across media, digital channels, and e-commerce to reach more consumers, he said.
- GlobeNewswire
L'Oréal: News release: "Sales at 30 September 2019"
Clichy, 29 October 2019 at 6.00 p.m. Sales at 30 September 2019 Strong rhythm of growth maintained Sales: 21.99 billion euros +7.5% like-for-like 1+8.5% at.
- MarketWatch
It’s a dating app! It’s Rachel from ‘Friends!’ It’s…the Paris 2024 Olympic logo?
The emblem for the Olympic and Paralympic Games in Paris 2024 was revealed this week, which combines the gold medal, the Olympic and Paralympic flames, as well as Marianne — a female character who has personified the French Republic since the 1789 revolution. The three symbols combined resemble both a flame within a circle, as well as a woman’s face — and the latter is a nod to the fact that women were allowed to compete in the Olympics for the first time in the 1900 Paris Games. “The medal, the flame, Marianne,” tweeted the official Paris 2024 account.
- Moody's
Nestle Finance International Ltd. -- Moody's downgrades Nestlé to Aa3; stable outlook
Moody's Investors Service ("Moody's") has today downgraded to Aa3 from Aa2 the issuer rating of Nestlé S.A., the world's largest food and beverage group. Concurrently, the agency has downgraded to Aa3 from Aa2 the senior unsecured long-term ratings of its guaranteed subsidiaries and affirmed the Prime-1 (P-1) short-term ratings. The rating action follows the announcement on 17 October that the company plans to undertake an additional CHF 20 billion share buyback to be completed over the next three years.
- GlobeNewswire
L'Oréal: News Release: "L’Oréal signs an agreement for the acquisition of Mugler and Azzaro fragrances from Clarins Group"
L’Oréal signs an agreement for the acquisition of Mugler and Azzaro fragrances from Clarins Group Clichy, 21 October 2019 6PM - Following consultation with employee.
- Moody's
SAM Bidco SAS -- Moody's assigns first time B2 ratings to Sebia, outlook stable
Moody's Investors Service (Moody's) has today assigned a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating to SAM Bidco SAS (Sebia or the company). Concurrently, the rating agency has assigned a B2 instrument rating to the EUR920 million term loan B1 and B2 following the contemplated EUR100 million add-on to this facility and a B2 instrument rating to the EUR20 million revolving credit facility (RCF).
- Bloomberg
Fake Meat, Coffee or Sparkling Water? Nestle’s Next Moves Matter
(Bloomberg Opinion) -- Nestle SA Chief Executive Officer Mark Schneider is in a good spot. He’s on the verge of capping what he set out to do when he became the Swiss food behemoth’s first outside leader for almost 100 years.Nestle is on track to meet its target for operating margin a year early. Its organic sales growth goal for next year looks attainable. And on Thursday the company unveiled plans to return another $20 billion to shareholders by 2022. That is unless it can find better ways to spend some of the money on acquisitions.The latest buyback comes just as the last $20 billion capital return — announced in June 2017 — is being completed.The German-American CEO took over in January 2017 with the aim of making changes. He received a blessing in disguise that June, when activist investor Dan Loeb’s Third Point bought a stake and started agitating for change, giving Schneider the license to move quickly.Under pressure from Loeb, he has changed up of 9% of Nestle’s the portfolio so far, in line with his plan to trade 10% of it by the end of 2020. He has sold off the U.S. confectionery business, the Gerber life assurance unit and most recently the dermatology arm, all for better-than-expected prices.And he has made canny acquisitions, including spending $7 billion for the rights to market Starbucks Corp. products outside of its cafes, which is helping drive growth in Nestle’s coffee unit. Adding Sweet Earth, which makes meat substitutes, also looks smart given the boom in plant-based protein products.Combined, the moves mean Nestle is on track to meet the low end of the target for full-year underlying operating margin of between 17.5% and 18.5% in 2020, a year early. Organic growth in the mid-single digits by 2020 looks possible, too. Nestle forecasts about 3.5% expansion in 2019.But from here, life gets tougher. Obvious disposals have been made, although Schneider could go further in pruning parts of the U.S. frozen food business, which includes Hot Pockets and DiGiorno pizzas, and its joint ventures in chilled dairy, cereals and ice cream.The decision to no longer run the challenged waters arm as a separate business and instead integrate it into Nestle’s three main geographic regions indicates that that business won’t come up for sale in its entirety.Nestle believes its range of waters, which include the Perrier and S.Pellegrino brands, are capable of delivering strong growth, thanks to demand in emerging markets and the trend for health and wellness in developed regions. But staying so committed to the business looks like a rare strategic misstep, given the pressures on the lower end of the market and growing environmental awareness.As for further acquisitions, more bolt-ons that take Nestle into nascent but potentially fast-growing consumer categories along the lines of fake meat, look likely given the creation of a unit to bolster expansion both within the group and outside of it.There is one portfolio change that seems to remain stubbornly out of Schneider’s plans: selling Nestle’s 32 billion–euro ($35.6 billion) stake in L’Oreal SA, the world’s biggest maker of beauty products.Loeb has been pressing to offload it. Nestle doesn’t need the money, and would prefer to link any change to a big strategic move. But there is merit in considering the disposal. Concern is rising about a slow-down in luxury demand in China, something that has been buoying L’Oreal’s premium cosmetics brands. Meanwhile, the U.S. make-up market looks more challenging after a boom. If conditions deteriorate, Nestle may have missed the best chance to extract maximum value.And it can’t afford any slip ups. The shares have risen 44% since Schneider arrived in January 2017, and trade at a forward price earnings ratio of 22 times. While the premium to Unilever NV is deserved, at this elevated valuation, there is less room for error than when Schneider walked in to shake up what was then a lumbering food giant. To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
L'Oréal S.A. (EPA:OR) Is Employing Capital Very Effectively
Today we'll look at L'Oréal S.A. (EPA:OR) and reflect on its potential as an investment. Specifically, we'll consider...
- GlobeNewswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at September 30th, 2019
Société anonyme au capital de 112 324 548,80 eurosSiège social : 14, rue Royale, 75008 Paris632 012 100 R.C.S. ParisLegal Entity Identifyer : 529900JI1GG6F7RKVI53.
- Simply Wall St.
Could L'Oréal S.A.'s (EPA:OR) Investor Composition Influence The Stock Price?
If you want to know who really controls L'Oréal S.A. (EPA:OR), then you'll have to look at the makeup of its share...
- GlobeNewswire
L'Oréal: News Release: "L’Oréal concludes a settlement with the French tax authorities"
L’Oréal concludes a settlement with the French tax authorities Clichy, 20 september 2019 L’Oréal informs about the conclusion, today, of constructive.
- GlobeNewswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at August 31st, 2019
Société anonyme au capital de 112 324 548,80 eurosSiège social : 14, rue Royale, 75008 Paris632 012 100 R.C.S. ParisLegal Entity Identifyer : 529900JI1GG6F7RKVI53.
