L'Oreal S.A.

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.
  • TickerOR
  • ISINFR0000120321
  • ExchangeEuronext Paris
  • SectorPersonal Goods
  • CountryFrance

Analysts

1 director sold

A director at L`Oreal sold 4,000 shares at 243.269EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Increased risk weighs on L'OREAL, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of L'OREAL (FR), active in the Personal Products industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date May 3, 2019, the closing price was EUR 241.30 and its target price was estimated at EUR 215.00.

Jean-Christophe Dourret

L'Oreal : L'Oreal - 2 Mai 2019

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Jean-Christophe Dourret

L'Oréal : L'Oreal - 2 mai 2019

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Loic Morvan

L'ORÉAL: Major changes at the group’s Executive Committee | BUY | EUR206

L'ORÉAL - BUY | EUR206(-1%) Major changes at the group’s Executive Committee M. Mulliez, CFO, will leave the company for personal reasons New President at L’Oréal Luxe Buy maintained

Jean-Christophe Dourret

L'Oreal : L'Oreal - 2 Mai 2019

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Jean-Christophe Dourret

L'Oréal : L'Oreal - 2 mai 2019

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Loic Morvan

L'ORÉAL: L’Oréal business model is still booming! | BUY | EUR255 vs. EUR230

L'ORÉAL - BUY | EUR255 vs. EUR230 (+6%) L’Oréal business model is still booming! 7.7% organic sales growth in Q1 Asia region drove the growth (+23%) L’Oréal Luxe was once again very dynamic, CPD improved! We remain Buy on the stock (new FV EUR255)

Pierre Tegner

L'Oreal : Standout Q1 growth: +7.7% in organic terms and +11.4% in reported terms

>The stock should react positively - Following the Q1 sales report, the stock should react positively (+2% to +3%) provided the momentum continues to underpin the share price despite the valuation which we still find too high (P/E 19e: 31x and EV/EBITA19e: € 22.6x). Organic growth, like the embedded currency effect, which are both higher than expected, should prompt an upgrade of 2% to the EPS consensus for 2019 and further out. Fundamentally, L’Oréal has once again s...

Pierre Tegner

L'Oréal : Croissance insolente au T1 : +7.7% en organique et +11.4% en publié

>Le titre devrait réagir positivement - Suite à la publication du CA T1, le titre devrait réagir positivement (+2% à +3%) si tant est que le momentum continue de soutenir le cours malgré la valorisation que nous continuons de trouver trop élevée (PE 2019e : 31x et VE/EBITA 2019e : 22.6x). La croissance organique comme l’effet devises embarqué qui sont tous 2 supérieurs aux attentes devraient susciter un relèvement de 2% du consensus de BPA sur 2019 et au-delà. Fondame...

1 director sold

A director at L`Oreal sold 4,000 shares at 243.269EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Martial Descoutures
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/17/2019

The M&A option that KBC is considering in Hungary is, in our view, illuminating as regards the M&A/dividend possibilities offered by a portion of the capital. Our estimates show that this scenario is of limited benefit to the shareholder and bear out our Neutral recommendation on the stock (unchanged target price of € 75.0). Cf. report published today. - ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Martial Descoutures
  • Pierre Corby
  • Pierre Tegner
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/04/2019

La piste M&A envisagée par KBC en Hongrie apporte selon nous un éclairage intéressant sur l’optionalité M&A/dividende sur une partie du capital. Nos estimations en démontrent in fine les limites de son intérêt pour l’actionnaire et nous confortent dans notre opinion Neutre sur le titre (OC inchangé à 75.0 €). Cf. étude publiée ce jour. - ...

Alexandre Iatrides ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Pierre Tegner
  • Rémi Adam
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/15/2019

With doubts on the growth of non-conventional oil in the US gaining traction, the recovery of already necessary investment in offshore has now become vital to restoring equilibrium in the oil market out to 2025. Cost-cutting measures have rendered these projects very attractive for oil companies which should accelerate the pace of their investment decisions, thus benefiting oil services companies. We prefer Total, RD Shell, Subsea 7, SBM Offshore and GTT. Cf. report published this mor...

Alexandre Iatrides ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jerôme Bodin
  • Johanna Jourdain
  • Matthias Desmarais
  • Pierre Tegner
  • Rémi Adam
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/04/2019

Alors qu’émergent des doutes de plus en plus forts quant à la dynamique de croissance du pétrole non conventionnel aux Etats-Unis, les investissements en offshore qui étaient déjà nécessaires deviennent aujourd’hui indispensables afin d’équilibrer le marché pétrolier à horizon 2025. Les efforts passés pour réduire les coûts rendent ces projets désormais très attractifs pour les groupes pétroliers qui devraient accélérer leurs prises de décisions d’investissement au profit des sociétés...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/08/2019

In the face of macroeconomic turbulence, office and retail real estate investment companies are “safe haven” stocks due to the durability of their dividends and their capacity to create value via their project pipelines. We particularly appreciate stocks which have adapted/clarified their strategies to fit new trends in the market. As such, we confirm our Buy recommendations on Gecina, Klépierre and Carmila and have upgraded Icade and Unibail-Rodamco-Westfield to Buy. Cf. report publi...

Increased risk weighs on L'OREAL, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of L'OREAL (FR), active in the Personal Products industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date May 3, 2019, the closing price was EUR 241.30 and its target price was estimated at EUR 215.00.

L'Oréal

L'Oréal

L'Oréal

L'Oréal

MarketLine Department

Coty Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Coty Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Coty Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights Thi...

Loic Morvan ...
  • Virginie Roumage

HPC: Favouring L’Oréal and Unilever in 2019

HPC Favouring L’Oréal and Unilever in 2019 Beauty: strong dynamism driven by emerging markets The Home Care market: Asia Pacific and automatic dishwashing driving growth

MarketLine Department

Sally Beauty Holdings, Inc. - Strategy, SWOT and Corporate Finance Report

Sally Beauty Holdings, Inc. - Strategy, SWOT and Corporate Finance Report Summary Sally Beauty Holdings, 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 Sally Beauty Holdings, Inc. (Sally Beauty) is an international specialty retailer and distributor of professional beauty supplies. The company offers third-party branded and exclusive-label professional be...

Expert Corporate Governance Service (ECGS)

L'Oréal, April 18th, 2019

ITEM 6: the 2019 remuneration policy does not comprise any change compared to 2018. Thus it carries the same weaknesses (excessive potential amounts and potential vesting in case of underperformance). Thus, we do not support item 6. ITEM 7: for the first time, the company discloses individual achievement rates of the annual bonus financial criteria. However, it still does not disclose targets to be achieved, for confidentiality reason. We could hear this argument for an a priori disclosure, but in the case of a past fiscal year, this is not admissible. Moreover, it does not disclose either LT...

Jehanne Leroy

L'Oréal 18 Avril 2019

Rémunérations : Pour la première fois cette année, la société communique les taux de réalisation de chacun des critères financiers du bonus annuel, permettant ainsi une meilleure compréhension des montants attribués, ce dont nous la félicitons. Cependant, elle ne communique toujours pas les objectifs qui devaient être atteints pour des raisons de confidentialité. Si cet argument peut éventuellement s’entendre dans le cadre d’une divulgation a priori des objectifs, dans le cadre d’un exercice passé, elle reste tout à fait discutable, voire irrecevable. De même, dans le cadre de la rémunération ...

L'oréal - Assemblée générale des actionnaires du 18 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

L'Oréal – Proxinvest Corporate Governance Rating ® : C

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...

Jehanne Leroy

Proxy Report - 17/04/2018

On September, 21st 2017, Liliane Bettencourt, daughter of Eugene Schueller, founder of L’Oréal, passed away. The shareholders agreement between Nestlé and the Bettencourt Family ended on March, 21st 2018 (6 months after Ms Bettencourt dies, in line with provisions). On February 15th 2017, Nestle published a press release: “The shareholders agreement between Nestlé and the Bettencourt family is due to expire on March 21, 2018. In order to maintain all available options for the benefit of Nestlé's shareholders, the Board of Directors has decided not to renew this agreement. We do not intend to ...

Matthieu DRIOL

Short term view - L'OREAL : Prices are still making progress.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €200.10. The break of €170.30 would endanger the trend.

Matthieu DRIOL

Analyse court terme - L'OREAL : Les cours progressent encore.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 200,10 €. La rupture de 170,30 € mettrait la tendance en danger.

Matthieu DRIOL

Analyse court terme - L'OREAL : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 185,00 €. La tendance baissière serait remise en cause au-dessus de 214,40 €.

Matthieu DRIOL

Short term view - L'OREAL : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €185.00. The bearish trend would be challenged above €214.40.

Matthieu DRIOL

Analyse moyen terme - L'OREAL : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 169,00 €. La tendance serait remise en cause par la rupture de 169,00 €.

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