L’Oréal’s brand investments and geographic reach will allow it to defend its competitive edge.
We don’t expect material changes to our EUR 170 fair value estimate for L’Oréal after evaluating its annual results, with sales of EUR 26.0 billion (up nearly 5% on a comparable basis) in line with our outlook of EUR 26.4 billion. We’re reiterating our longer-term forecast for the firm, which calls for mid-single-digit top-line growth and average operating margin around 19% over the next five years. Moreover, double-digit growth in the Luxe and Active Cosmetics segments supports our view of the ...
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.