Report
Daniel Ragonese
EUR 100.00 For Business Accounts Only

Investment into Advertising, Innovation and Efficiency Should Help Stabilise Asaleo Care’s Earnings

Having sold the struggling Australian consumer tissue business, fiscal 2019 will be a transitional year for Asaleo Care. We continue to forecast fiscal 2019 EBITDA of AUD 80 million, at the bottom of the AUD 80-85 million guided range. We’ve trimmed our near-term earnings per share estimates by around 3% on average, and we expect low-single-digit growth over the next five years. The trim mainly reflects slightly higher depreciation estimates, but the impact on our valuation is negligible. We mai...
Underlying
Asaleo Care

Asaleo Care is a personal care and hygiene company. Co. is engaged in manufacturing, marketing, distributing and selling of everyday consumer products across the Feminine Care, Incontinence Care, Baby Care, Consumer Tissue and Professional Hygiene product categories. Co. has two reporting segments: Tissue, which manufactures and markets personal toilet tissue, paper towel, facial tissue, napkins and other tableware products within Australia, New Zealand and Pacific Islands; and Personal Care, which manufactures and markets personal hygiene products and nappies within Australia and New Zealand.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Daniel Ragonese

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