L'Oréal : BPA attendu à -15% au S1. Le titre est très cher mais reste soutenu par sa double dimension Consumer/Luxe
>Les CLES du succès boursier : Consumer – Luxe – Ecommerce -Skin - Neutre maintenu. En amont de la publication du S1 (30/07 après bourse), notre prévision de BPA 2021 est révisée de -2%. Pour autant, notre OC est révisé en hausse de manière significative à 284 € (vs 234 € ante). Il faut garder en tête que depuis le début du T2, le PE 12mfwd (consensus FactSet) tant du Stoxx 600 que de LVMH est passé à respectivement 19x et 32x. L’Oréal étant considéré à la fois comme ...L'Oreal acts as a holding company. Through its subsidiaries, Co. plays a strategic coordination role and scientific, industrial and marketing coordination role on a global basis. Co. develops, manufactures and commercializes products for Skin care, Hair care, Make-up, Perfumes, Toiletries and deodorants, and Oral cosmetics. Co. has three branches: Cosmetics, Body shop and Dermatology. Co.'s principal activities comprise four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Body Shop branch offers various cosmetics and toiletry products. The Dermatology branch offers topical dermatology prescription, and corrective and aesthetic dermatology.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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