Report
Daniel Ragonese
EUR 850.00 For Business Accounts Only

Morningstar | Despite Offloading Consumer Tissue Asaleo Continues to Operate in Extremely Competitive Markets

Asaleo Care is one of the leading players in the Australia and New Zealand personal-care and hygiene sector. Its brands among the leaders in each of its majority of its product categories. Despite a portfolio of reputable names, we believe the company lacks sufficient brand equity to warrant an economic moat. Consumers are highly price-sensitive, even in the feminine care and incontinence hygiene spaces which typically favour trusted, high-quality brands. The industry is mature, with limited capacity for growth, and during recent years, aggressive competition has resulted in pricing pressure, and market share losses.
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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