Report
Pierre Tegner

Pernod Ricard : Precision at scale: supporting profitable growth

>A P/E close to 20x for an attractive and steady profitable growth equation - Outperform rating maintained with a target price of € 217 (DCF and target P/E of 25x). The CMD confirmed our view that Pernod Ricard is not only positioned on a spirits market showing profitable, sustainable and value-adding underlying growth, but also and more importantly that the group is able to generate steady growth in underlying operating profit of close to 8%. This is due to its pure...
Underlying
Pernod Ricard SA

Pernod Ricard produces and distributes wines and spirits. Co. produces aniseed products, vodka, whisky, cognac, rum, gin, liqueurs, champagnes and wines. Co.'s activity is organized around families of products built around brands. Its brands portfolio includes: ABSOLUT vodka, Ricard pastis, Ballantine's, Chivas Regal and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm and Perrier-Jouet champagnes as well as Jacob's Creek and Brancott Estate wines. Co. is structured into four segments constituted by the following geographic regions: France, Europe (excluding France), Americas, Asia/Rest of the World.

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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch