Report
Daniel Ragonese
EUR 101.80 For Business Accounts Only

Asaleo Care's well-known brands in personal care and its strong cash flow make it a defensive play.

Asaleo Care reported a mixed interim 2017 result, but one that tracked broadly in line with our expectations. Our AUD 1.30 per share fair value estimate is unchanged. As highlighted in this result, we believe the company will most likely continue to struggle with regard to passing on rising raw material costs, particularly where the powerful supermarket customers are concerned. This trend is being exasperated by the intense competition currently taking place in the personal-care segment, as riva...
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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