Henkel Closes 2017 In Line; Raising Our FVE for Time Value of Money
Henkel rounded off a fairly challenging year in solid fashion, with EBIT margin and EPS growth that are broadly consistent with the company's guidance to 2020. We are raising our fair value estimate for the preferred shares to EUR 120 from EUR 112, primarily to account for the impact of the time value of money since our last update, but also because we have raised our medium-term EBIT margin assumption to 18% from 17% previously. Our moat rating for Henkel is narrow, and while we expect normaliz...
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.
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.