Beiersdorf AG

Beiersdorf manufactures and distributes consumer goods. Co. operates in two business segments: consumer, which is Co.'s main business that focuses on the skin and body care markets, with products including NIVEA's Deodorant Invisible for Black & White, NIVEA Deodorant Stress Protect, NIVEA In-Shower Body Lotion, NIVEA Cellular Anti-Age face care, and Eucerin's VOLUME-FILLER; and tesa, which develops, produces, and markets self-adhesive products and system solutions for industry, craft businesses, and consumers. In the electrical industry, the tesa business segment's adhesive systems are used in mobile devices such as smartphones, tablet personal computers, and MP3 players.
  • TickerBEI
  • ISINDE0005200000
  • SectorPersonal Goods
  • CountryGermany

BEIERSDORF sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BEIERSDORF (DE), a company active in the Personal Products & Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 1 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 8, 2020, the closing price was EUR 96.98 and its potential was estimated at EUR 109.12.

Loic Morvan

BEIERSDORF: FY 2020 earnings adjusted by 4% | NEUTRAL | EUR94 (-4%)

BEIERSDORF - NEUTRAL | EUR94 (-4%) FY 2020 earnings adjusted by 4% Digitalization: Beiersdorf is lagging behind L’Oréal More cautious for 2020 We favour L’Oréal vs Beiersdorf

Alain William

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/06/2020

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Pierre Tegner

Beiersdorf : L-f-l growth of -10% and EPS down -26% in H1. In line with forecasts. But warning on the 2020 operating margin

>Reduce rating maintained - Reduce rating maintained. The share is likely to continue to underperform its European Food HPC peers (BEI: -4% YTD). The recent rally (+13% over three months) is based on the idea that the worst effects of the lockdown are over (La Prairie in travel retail, deodorants, sun care, grooming, Tesa). But the market is underestimating the longer-term effects. In our view, the crisis disrupts: 1/ the implementation of the CARE+ plan regardin...

Alain William

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/08/2020

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Matthieu DRIOL

Analyse court terme - BEIERSDORF AG : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 85,10 €, puis 84,34 €. Le franchissement de 101,30 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BEIERSDORF AG : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €85.10, then €84.34. Passing €101.30 would question the continuation of the fall.

Matthieu DRIOL

Short term view - BEIERSDORF AG : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €85.10. The bearish trend would be challenged above €101.30.

Matthieu DRIOL

Analyse court terme - BEIERSDORF AG : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 85,10 €. La tendance baissière serait remise en cause au-dessus de 101,30 €.

Matthieu DRIOL

Analyse moyen terme - BEIERSDORF AG : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 84,70 €. La tendance serait remise en cause par la rupture de 84,70 €.

Beiersdorf Ag: 1 director bought

A director at Beiersdorf Ag bought 115,498 shares at 86.273EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Loic Morvan

BEIERSDORF: FY 2020 earnings adjusted by 4% | NEUTRAL | EUR94 (-4%)

BEIERSDORF - NEUTRAL | EUR94 (-4%) FY 2020 earnings adjusted by 4% Digitalization: Beiersdorf is lagging behind L’Oréal More cautious for 2020 We favour L’Oréal vs Beiersdorf

Pierre Tegner

Beiersdorf : L-f-l growth of -10% and EPS down -26% in H1. In line with forecasts. But warning on the 2020 operating margin

>Reduce rating maintained - Reduce rating maintained. The share is likely to continue to underperform its European Food HPC peers (BEI: -4% YTD). The recent rally (+13% over three months) is based on the idea that the worst effects of the lockdown are over (La Prairie in travel retail, deodorants, sun care, grooming, Tesa). But the market is underestimating the longer-term effects. In our view, the crisis disrupts: 1/ the implementation of the CARE+ plan regardin...

Pierre Tegner

Beiersdorf : LfL à -10% et BPA à -26% au S1. En ligne. Mais alerte sur la MOP de 2020

>Alléger maintenu - Alléger maintenu. Le titre devrait continuer de sous-performer ses pairs européens du Food HPC (BEI : -4% en YTD). Le récent rebond (+13% sur 3M) repose sur l’idée que le pire des effets du confinement est passé (la prairie en travel retail, déodorants, sun care, grooming, Tesa). Mais le marché occulte les effets de plus long terme. Cette crise perturbe, selon nous, 1/ la mise en place du plan CARE+ vis-à-vis duquel nous étions déjà sceptiques...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

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Pierre Tegner

Beiersdorf : Management expects H1 sales down -10.7% l-f-l...implying -18% for Q2

>Sales warning - In a measured press release issued yesterday afternoon (4.00 p.m. Paris time), management indicated that H1 would likely be down -10.7% l-f-l (of which -10.9% for the consumer activity and -10% for Tesa). The group also indicated that, at this stage, the impacts of the COVID-19 pandemic were unpredictable. This was not an official profit warning since guidance for 2020 was abandoned in April. However, it does imply that Q2 will be down -18%, demonstra...

Alain William

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/06/2020

...

Alain William

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/08/2020

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/12/2020

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/05/2020

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Florent Laroche-Joubert
  • Jean Sassus
  • Pierre Tegner
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/05/2020

...

BEIERSDORF sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BEIERSDORF (DE), a company active in the Personal Products & Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 1 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 8, 2020, the closing price was EUR 96.98 and its potential was estimated at EUR 109.12.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Beiersdorf – AGM 29 April 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by way of electronic communication (postal voting or electronic participation) or by granting authority to the proxy designated by the Company.   Item 12a: We recommend to oppose the election of Wolfgang Herz to the Supervisory Board due to our concerns over the insufficient independent representation on the Boar...

Expert Corporate Governance Service (ECGS)

Beiersdorf April 17th, 2019

Item 2: Management and Supervisory Board are proposing an unchanged dividend of EUR 0.70 per share which corresponds to a payout ratio of 21.81% per share (EPS: EUR 3.21). The dividend is covered by earnings and free cash flow and can thus be provided by the Company. However, we note that the dividend has not been increased for the ninth consecutive year, while at the same time EPS increased by 94.54% in the period from 2009 until 2018. We urge the Company to establish a sustainable long-term dividend policy, thereby taking into account its strategic objectives, in particular with regard to po...

Beiersdorf – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 20/04/2017

Item 7: Approval is sought for the amended remuneration system which is applicable since financial year 2016. The amended remuneration system is considered as a deterioration compared to the previous remuneration system due to the abolition of the deferral of part of the annual bonus and the removal of an additional performance criterion from a component of the long-term incentive. Furthermore, we have concerns over the structure of remuneration being paid to Management Board members: The CEO's maximum total remuneration (excluding benefits in kind) may reach up to EUR 9.75m (780% of base sala...

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