Koninklijke Philips

Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).
  • TickerPHIA
  • ISINNL0000009538
  • ExchangeEuronext Amsterdam
  • SectorHealth Care Equipment & Services
  • CountryNetherlands

Analysts

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

ING
Research Department

Benelux Morning Notes

ASML: CMD feedback – A bright long-term outlook Belgian telecoms: TNET launches aggressive promotions in Brussels Cofinimmo: Gaining pace in healthcare investments Coima RES: Fundamentals continue to shine in 3Q Eurocommercial Properties: sells €50m French mall at book value LEG Immobilien: In-line 3Q results Royal Philips: Capital Markets Day Feedback Staffing sector: French market data better in September, October outlook a notch down

Alfred Glaser ...
  • Delphine Brault

Philips : Philips has made some adjustments to its 2020 guidance

>Confirmation of 2020 guidance at the capital markets day, with some adjustments - At yesterday’s capital markets day, Philips’ management confirmed all the 2020 guidance, namely:organic growth of 4-6% per annum (consensus of 4.5% on average in 2019/2020). Philips believes it holds leading positions (#1 or #2) in over 60% of its sales.Average annual growth in the adjusted EBITA margin of 100bp on average, taking the operating margin to around 15% in 2020 (co...

Alfred Glaser ...
  • Delphine Brault

Philips : Philips a procédé à quelques ajustements sur ses objectifs 2020

>Confirmation des objectifs 2020 lors du CMD, avec quelques nuances - Lors du Capital Market Day qui s’est tenu hier, le management de Philips a confirmé l’ensemble des objectifs fixés à horizon 2020, à savoir :une croissance organique de 4-6% par an (consensus à 4.5% en moyenne sur 2019/20). Philips estime détenir des positions de leader (#1 ou #2) sur plus de 60% de son CA,une progression de la marge d’EBITA ajustée de 100 pb par an en moyenne, portant la ...

ING
Research Department

Benelux Morning Notes

ASML: CMD feedback – A bright long-term outlook Belgian telecoms: TNET launches aggressive promotions in Brussels Cofinimmo: Gaining pace in healthcare investments Coima RES: Fundamentals continue to shine in 3Q Eurocommercial Properties: sells €50m French mall at book value LEG Immobilien: In-line 3Q results Royal Philips: Capital Markets Day Feedback Staffing sector: French market data better in September, October outlook a notch down

Alfred Glaser ...
  • Delphine Brault

Philips : Philips has made some adjustments to its 2020 guidance

>Confirmation of 2020 guidance at the capital markets day, with some adjustments - At yesterday’s capital markets day, Philips’ management confirmed all the 2020 guidance, namely:organic growth of 4-6% per annum (consensus of 4.5% on average in 2019/2020). Philips believes it holds leading positions (#1 or #2) in over 60% of its sales.Average annual growth in the adjusted EBITA margin of 100bp on average, taking the operating margin to around 15% in 2020 (co...

Alfred Glaser ...
  • Delphine Brault

Philips : Philips a procédé à quelques ajustements sur ses objectifs 2020

>Confirmation des objectifs 2020 lors du CMD, avec quelques nuances - Lors du Capital Market Day qui s’est tenu hier, le management de Philips a confirmé l’ensemble des objectifs fixés à horizon 2020, à savoir :une croissance organique de 4-6% par an (consensus à 4.5% en moyenne sur 2019/20). Philips estime détenir des positions de leader (#1 ou #2) sur plus de 60% de son CA,une progression de la marge d’EBITA ajustée de 100 pb par an en moyenne, portant la ...

ING
Research Department

Benelux Morning Notes

ABN AMRO: Sound cost control but somewhat confusing message on B4 (awaiting CMD). Agfa Gevaert: Graphics beat, Healthcare and Specialty Products miss. Ahold Delhaize: Proving the bears wrong with strong US performance, guidance upgrade. ASML: CMD preview– We expect comforting targets. Balta: weak performance as expected, guidance reiterated, strategic review launched. Econocom: Jean Louis Bouchard gives interesting interviews to l'Echo and les Echos. Euronext: October volumes - increased activity in cash and derivatives markets. IMCD: As if 2Q18 wasn't good enough, 3Q is even better. K...

Jeffrey Vonk

Morningstar | Philips 3Q: Solid Operational Improvement but Results Below Market Expectations; Shares Undervalued

After deconsolidation of the sluggishly growing no-moat lighting division, the breakup of Philips is largely completed, and the firm's profile is more appealing for investors, given higher sales growth and improved profitability. With strong intangible assets and increasing switching costs as the foundations of Philips' healthtech moat, the firm's returns on invested capital are on the rise and substantially outweigh its cost of capital. Philips' product suites tie well into growing demand for integral value-based healthcare solutions and the ageing population with more chronic diseases. The f...

A director sold 32,984 shares at 31.770EUR and

A director at Koninklijke Philips Electronics N.V. sold 32,984 shares at 31.770EUR and the significance rating of the trade was 79/100. 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 r...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Léopold Authié
  • Nicolas David
  • Olfa Taamallah
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/23/2018

At the Capital Markets Day on 8 November, ASML should again outline an upbeat vision out to 2025. We expect further strong growth in sales (to between € 15bn and € 20bn in 2025 vs a target of € 11bn in the 2020 plan), along with growth in EPS, which we see reaching between € 11 (bear case) and € 18 (bull case) vs € 8.4 in 2020e. Based on our average scenario in 2025 (sales of € 17.5bn and EPS of € 15), the share price could potentially double, hence our Buy recommendation. Cf report p...

Alfred Glaser ...
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Léopold Authié
  • Nicolas David
  • Olfa Taamallah
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/10/2018

A l’occasion du CMD du 8/11, ASML devrait présenter une vision à nouveau optimiste à horizon 2025. Nous tablons en effet sur une nouvelle forte croissance du CA (à 15/20 Md€ en 2025 vs un objectif de 11 Md€ dans le plan 2020), accompagnée d’une croissance du BPA qui devrait évoluer entre 11 € (bear case) et 18 € (bull case) vs 8.4 € en 2020. A notre scénario moyen en 2025 (CA de 17.5 Md€ et BPA de 15 €), le titre a le potentiel pour doubler, d’où notre opinion Acheter. Cf étude publié...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Olivier Lebrun
  • Rémi Adam

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/22/2018

...

Nurhayati Wan

Koninklijke Philips N.V.

Nurhayati Wan

Koninklijke Philips N.V.

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Nurhayati Wan

Koninklijke Philips N.V.

Nurhayati Wan

Koninklijke Philips N.V.

For KON.PHILIPS ELTN.NA, the environment deterioration entails a downgrade to Neutral

KON.PHILIPS ELTN.NA (NL), a company active in the Medical Equipment industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date September 25, 2018, the closing price was EUR 39.53 and its expected value was estimated at EUR 38.13.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Philips, EDF and Rallye/Casino

Industrials: Philips (PHIANA) reported disappointing 3Q18 results, with the report card falling short of market expectations. Sales at Group level rose 4% to €4.3bn, with comparable revenue growth also amounting to 4%. The comparable quarterly order intake rose 11%. The adjusted EBITA result came in 6.8% higher at €568m and Philips reported a 40bp improvement in the adjusted EBITA margin to 13.2%. The result was held back by a 60bp negative currency impact. Still, we believe this earnings slate as largely neutral to spreads given Philips' trading levels versus Orange. On Philips' own curve, we...

GlobalData Department

Koninklijke Philips N.V. (PHIA) - Power - Deals and Alliances Profile

Summary Koninklijke Philips N.V. (Philips) is a diversified technology company develops and manufactures medical systems, consumer electronics and lighting products. The company offers patient care & clinical informatics, imaging systems, healthcare transformation services and home healthcare solutions. It also offers mother and child care, and oral healthcare products include male grooming and beauty products kitchen appliance, coffee, air, garment care, and floor care products and sleep, respiratory care, and respiratory drug delivery products. It also provides diagnostic x-ray, integrated ...

GlobalData Department

Koninklijke Philips N.V. (PHIA) - Medical Equipment - Deals and Alliances Profile

Summary Koninklijke Philips N.V. (Philips) is a diversified technology company develops and manufactures medical systems, consumer electronics and lighting products. The company offers patient care & clinical informatics, imaging systems, healthcare transformation services and home healthcare solutions. It also offers mother and child care, and oral healthcare products include male grooming and beauty products kitchen appliance, coffee, air, garment care, and floor care products and sleep, respiratory care, and respiratory drug delivery products. It also provides diagnostic x-ray, integrated ...

GlobalData Department

Koninklijke Philips N.V. (PHIA) - Pharmaceuticals & Healthcare - Deals and Alliances Profile

Summary Koninklijke Philips N.V. (Philips) is a diversified technology company develops and manufactures medical systems, consumer electronics and lighting products. The company offers patient care & clinical informatics, imaging systems, healthcare transformation services and home healthcare solutions. It also offers mother and child care, and oral healthcare products include male grooming and beauty products kitchen appliance, coffee, air, garment care, and floor care products and sleep, respiratory care, and respiratory drug delivery products. It also provides diagnostic x-ray, integrated ...

Expert Corporate Governance Service (ECGS)

Koninklijke Philips - Proxy Report - 19/10/2018

Under agenda item 1 it is proposed to newly appoint Dr Harrison as a member of the Supervisory Board for a 4-year term. Dr Harrison is considered independent. We have no concerns over the proposed appointment of Dr Harrison and recommend approval. On 29 August 2018, the Company announced that it intended to increase the remuneration of the Supervisory Board members. An earlier proposal was withdrawn at the 2017 AGM due to objections from its shareholders. After holding discussions with many of its shareholders, the Company request its shareholders under agenda item 2 to approve a changed prop...

Jérôme VINERIER

Analyse court terme - PHILIPS : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 29,412 €. La tendance baissière serait remise en cause au-dessus de 35,000 €.

Jérôme VINERIER

Short term view - PHILIPS : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €29.412. The bearish trend would be challenged above €35.000.

Jérôme VINERIER

Short term view - PHILIPS : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €29.412, then €28.573. Passing €35.000 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - PHILIPS : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 29,412 €, puis 28,573 €. Le franchissement de 35,000 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse moyen terme - PHILIPS : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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