Report
Pierre Tegner

L'Oreal : Succession of JP Agon: the list of eligible candidates gets shorter

>Neutral maintained - Neutral recommendation maintained, with a target price of € 271. With an exclusive strategic focus on the beauty market and a high degree of operational diversification, L’Oréal is one of the consumer staples which is the most likely to deliver a regular and reliable performance. – EPS growth of 7% per annum, representing a two-fold increase over ten years. This profitable growth/risk profile combination explains why the valuation (2021e PER: 37x...
Underlying
L'Oreal SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

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