QuickView: Strong cash, but needing growth
C&C Group’s recent H116 results continued the trend of negative revenue growth and weak trading conditions across all core markets. However, a robust balance sheet and strong FCF are enabling an ongoing €100m buyback. At a P/E of c 14x FY17e, the shares are trading at a significant discount to peers but, in our view, a re-rating is conditional on a turnaround in the US and a return to organic growth.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.