Beiersdorf AG

Beiersdorf manufactures and distributes consumer goods. Co. operates in two business segments: consumer, which is Co.'s main business that focuses on the skin and body care markets, with products including NIVEA's Deodorant Invisible for Black & White, NIVEA Deodorant Stress Protect, NIVEA In-Shower Body Lotion, NIVEA Cellular Anti-Age face care, and Eucerin's VOLUME-FILLER; and tesa, which develops, produces, and markets self-adhesive products and system solutions for industry, craft businesses, and consumers. In the electrical industry, the tesa business segment's adhesive systems are used in mobile devices such as smartphones, tablet personal computers, and MP3 players.
  • Ticker520000
  • ISINDE0005200000
  • SectorPersonal Goods
  • CountryGermany

Analysts

Expert Corporate Governance Service (ECGS)

Beiersdorf April 17th, 2019

Item 2: Management and Supervisory Board are proposing an unchanged dividend of EUR 0.70 per share which corresponds to a payout ratio of 21.81% per share (EPS: EUR 3.21). The dividend is covered by earnings and free cash flow and can thus be provided by the Company. However, we note that the dividend has not been increased for the ninth consecutive year, while at the same time EPS increased by 94.54% in the period from 2009 until 2018. We urge the Company to establish a sustainable long-term dividend policy, thereby taking into account its strategic objectives, in particular with regard to po...

Philip Gorham

Morningstar | Beiersdorf's Underwhelming Medium-Term Guidance Reflects Realities of Competitive Categories

We think Beiersdorf can achieve above-industry-average net sales growth in the medium term as a result of white-space geographic opportunities and the potential to take share in adjacent categories, particularly for Nivea. It lags peers on margins, however, and we think a renewed focus on efficiencies will be needed to close the gap. The company's newly announced strategy, C.A.R.E.+ is likely to take margins in the opposite direction, at least in the short term. Beiersdorf will invest a further EUR 70 million to EUR 80 million annually in what management claims will improve the long-term compe...

Philip Gorham

Beiersdorf's Underwhelming Medium-Term Guidance Reflects Realities of Competitive Categories

Narrow-moat Beiersdorf released preliminary sales figures for fiscal 2018 that contained few surprises. Organically, the firm appears to be performing in line with our expectations and we are reiterating our EUR 88 fair value estimate, though we expect to raise it to account for the time value of money when the annual report is released and we update our model. The consumer business continues to perform well, with 5% organic growth in line with our forecasts, although currency weighed slightly ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Pierre Tegner

Beiersdorf : Reset of margins difficult to justify

>Recommendation lowered to Reduce. - We are downgrading our recommendation from Neutral to Reduce. Since the departure of the former CEO, we had been waiting for the strategy of the new top management and we tended to subscribe to the scenario of an acquisition that would have had the merit of diversifying the risk profile as well as the growth profile of the group while remaining positioned on its core business: skin care. Last night's announcement of the new CE...

Philip Gorham

Morningstar | Beiersdorf's Underwhelming Medium-Term Guidance Reflects Realities of Competitive Categories

We think Beiersdorf can achieve above-industry-average net sales growth in the medium term as a result of white-space geographic opportunities and the potential to take share in adjacent categories, particularly for Nivea. It lags peers on margins, however, and we think a renewed focus on efficiencies will be needed to close the gap. The company's newly announced strategy, C.A.R.E.+ is likely to take margins in the opposite direction, at least in the short term. Beiersdorf will invest a further EUR 70 million to EUR 80 million annually in what management claims will improve the long-term compe...

Philip Gorham

Beiersdorf's Underwhelming Medium-Term Guidance Reflects Realities of Competitive Categories

Narrow-moat Beiersdorf released preliminary sales figures for fiscal 2018 that contained few surprises. Organically, the firm appears to be performing in line with our expectations and we are reiterating our EUR 88 fair value estimate, though we expect to raise it to account for the time value of money when the annual report is released and we update our model. The consumer business continues to perform well, with 5% organic growth in line with our forecasts, although currency weighed slightly ...

Pierre Tegner

Beiersdorf : Reset of margins difficult to justify

>Recommendation lowered to Reduce. - We are downgrading our recommendation from Neutral to Reduce. Since the departure of the former CEO, we had been waiting for the strategy of the new top management and we tended to subscribe to the scenario of an acquisition that would have had the merit of diversifying the risk profile as well as the growth profile of the group while remaining positioned on its core business: skin care. Last night's announcement of the new CE...

Jean-Christophe Dourret

Beiersdorf : Beiersdorf - 18 Fev 2019

...

Jean-Christophe Dourret

Beiersdorf : Beiersdorf - 18 fev 2019

...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

Jerôme Bodin ...
  • Michael Foundoukidis
  • Pierre Tegner
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/01/2019

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/10/2018

...

Beiersdorf AG

Beiersdorf AG

Beiersdorf AG

Beiersdorf AG

Beiersdorf AG

MarketLine Department

PZ Cussons Plc - Strategy, SWOT and Corporate Finance Report

Summary PZ Cussons Plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights PZ Cussons Plc (PZ Cussons) is a manufacturer and marketer of consumer products. The company offers food and nutrition, electrical, personal care, baby care, and home care products. Its product portfolio includes detergents, soaps, toiletries, baby products, pharmaceuticals, nutritional produ...

MarketLine Department

Estee Lauder Companies Inc - Strategy, SWOT and Corporate Finance Report

Estee Lauder Companies Inc - Strategy, SWOT and Corporate Finance Report Summary Estee Lauder Companies Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Estee Lauder Companies Inc. (Estee Lauder) is a manufacturer and marketer of personal care products. Its product portfolio includes skin care, makeup, fragrance, and hair care products. The company markets o...

Beiersdorf AG in Beauty and Personal Care (Uzbekistan)

Beiersdorf AG plans to continue working on strengthening its Nivea brand name in order to maintain its leadership in Uzbekistan over the forecast period. Euromonitor International Local Company Profiles are a concise set of briefings detailing the strategic direction taken by a company. Discover key contact details, the company background and their competitive positioning through this collection of snapshot company profiles. Product coverage: Baby and Child-specific Products, Bath and Shower, Colour Cosmetics, Deodorants, Depilatories, Fragrances, Hair Care, Mass Beauty and Personal Care, Me...

Expert Corporate Governance Service (ECGS)

Beiersdorf April 17th, 2019

Item 2: Management and Supervisory Board are proposing an unchanged dividend of EUR 0.70 per share which corresponds to a payout ratio of 21.81% per share (EPS: EUR 3.21). The dividend is covered by earnings and free cash flow and can thus be provided by the Company. However, we note that the dividend has not been increased for the ninth consecutive year, while at the same time EPS increased by 94.54% in the period from 2009 until 2018. We urge the Company to establish a sustainable long-term dividend policy, thereby taking into account its strategic objectives, in particular with regard to po...

Beiersdorf – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Short term view - BEIERSDORF AG : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €85.10, then €84.34. Passing €101.30 would question the continuation of the fall.

Matthieu DRIOL

Medium term view - BEIERSDORF AG : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €84.70. A break below €84.70 would challenge the trend.

Jérôme VINERIER

Analyse court terme - BEIERSDORF AG : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 92,60 €.

Jérôme VINERIER

Short term view - BEIERSDORF AG : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €92.60.

Valérie GASTALDY

Analyse moyen terme - BEIERSDORF AG : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 84,70 €.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch