Compagnie de Saint-Gobain S.A.

Compagnie de Saint-Gobain manufactures, produces, and distributes industrial materials. Co.'s activities are divided into four sectors: Innovative Materials (Co. makes, processes and sells glass and glazing products for the building, the automotive and solar energy industries; Co. also manufactures Ceramics and Plastics, Abrasives, and Textiles), Construction Products (Co. offers products for the Insulation, Gypsum, Exterior Products, Pipe and Industrial Mortars), Building Distribution (Co. distributes building materials (plumbing, heating and sanitaryware products) and ceramic tiles), and Packaging - Verallia (Co. manufactures glass containers and jars for foodstuffs and beverages).
  • TickerSGO
  • ISINFR0000125007
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Compagnie de Saint-Gobain SA - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Compagnie de Saint-Gobain SA: Key Facts and Statistics - H1 June 2019

A summary company profile, detailing Compagnie de Saint-Gobain’s business operations and financial highlights.

SAINT GOBAIN with less fundamental stars is reduced to Neutral

SAINT GOBAIN (FR), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date August 16, 2019, the closing price was EUR 31.91 and its expected value was estimated a...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/29/2019

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Jean-Christophe Dourret

Saint-Gobain : Saint Gobain - 29 Jul 2019

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Compagnie de Saint-Gobain SA - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Compagnie de Saint-Gobain SA: Key Facts and Statistics - H1 June 2019

A summary company profile, detailing Compagnie de Saint-Gobain’s business operations and financial highlights.

Compagnie de Saint-Gobain SA: Update to Discussion of Key Credit Factors

Saint-Gobain is currently adequately positioned in its current rating category and committed to its current rating.

Moody's affirms Saint-Gobain's senior unsecured ratings at Baa2, outlook stable

Rating Action: Moody's affirms Saint-Gobain's senior unsecured ratings at Baa2, outlook stable. Global Credit Research- 17 Jun 2019. Frankfurt am Main, June 17, 2019-- Moody's Investors Service has today affirmed the senior unsecured ratings of Compagnie de Saint-Gobain SA at Baa2.

Compagnie de Saint-Gobain SA: Compagnie de Saint-Gobain sells its German distribution activities, a credit positive

Credit implications of Saint-Gobain's sale of its German distribution activities

Jean-Christophe Dourret

Saint-Gobain : Saint Gobain - 29 Jul 2019

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Sven Edelfelt ...
  • Virginie Rousseau

Saint-Gobain : Benefits of transformation plan, Pont-à-Mousson and update to our model

>A good H1 and market share gains - Our comments on the results can be found in our equity flash published on 26 July (“Healthy H1 2019 and cost savings increased by € 30m in 2019”) and our takeaways from the analysts’ meeting are discussed below. As an important point, the reorganisation of the group masks a deep transformation that the market is starting to gain a better understanding of, but the best is yet to come. Independent of this, the group showed a measure o...

Eric Lemarie

SAINT GOBAIN: Solid operating margin in H1. Acceleration in cost savings. Upgrade to BUY. | BUY vs. NEUTRAL | EUR47(+34%)

SAINT GOBAIN - BUY vs. NEUTRAL | EUR47(+34%) Solid operating margin in H1. Acceleration in cost savings. Upgrade to BUY. Revenues in line with market expectation But operating income 3% better than expectations Cost-cutting plan implemented faster than expected Back to Buy one year after our downgrade

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : H1 2019: seeing through the sound and fury

We expect H1 2019 to be broadly tough going, due to base effects and volatile weather conditions. We are maintaining our sector hierarchy, with pre-announcement profit taking potentially allowing investors to reposition cheaply on the materials sector while construction/concessions could offer a safe haven. Saint-Gobain and Eiffage remain our Top Picks. - >Materials: climate change is the new normal - We expect H1 2019 to be broadly tough going, with climate change ...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Un S1 2019 dans le bruit et la fureur

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - >Matériaux : le dérèglement climatique comme nouvelle norme - ...

1 director sold after exercising options/sold

A director at Compagnie De St-Gobain sold after exercising options/sold 302,818 shares at 37.709EUR 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 u...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/29/2019

...

Benoit Valleaux ...
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Olivier Lebrun
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/07/2019

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Benoit Valleaux ...
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Olivier Lebrun
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/06/2019

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Christophe-Raphaël Ganet ...
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/24/2019

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Christophe-Raphaël Ganet ...
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/05/2019

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SAINT GOBAIN with less fundamental stars is reduced to Neutral

SAINT GOBAIN (FR), a company active in the Building Materials & Fixtures industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date August 16, 2019, the closing price was EUR 31.91 and its expected value was estimated a...

Nurhayati Wan

Saint-Gobain

Nurhayati Wan

Saint-Gobain

Nurhayati Wan

Saint-Gobain

Nurhayati Wan

Saint-Gobain

MarketLine Department

Wienerberger AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Wienerberger AG 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 Wienerberger AG 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 Hig...

MarketLine Department

Imerys SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Imerys SA 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 Imerys SA 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...

MarketLine Department

Compagnie de Saint-Gobain - Strategy, SWOT and Corporate Finance Report

Synopsis Compagnie de Saint-Gobain - 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. Summary - Detailed information on Compagnie de Saint-Gobain required for business and competitor intelligence needs - A study of the major internal and external factors affecting Compagnie de Saint-Gobain in the form of a SWOT analysis - An in-depth view of the business model of Compagnie de Sai...

Jehanne Leroy

Saint-Gobain - Assemblée générale des actionnaires du 06 juin 2019

La société a nommé, au 1er janvier 2019, Benoit Bazin comme Directeur général Délégué. Elle propose donc aux actionnaires d’approuver la politique de rémunération de ce nouveau mandataire pour 2019, ainsi que ses avantages postérieurs à l’emploi. Globalement, la politique de rémunération du DGD présente une structure plus en ligne avec nos préconisations que celle du PDG et les montants en jeu sont bien plus modérés. Ainsi, nous soutenons cette politique de rémunération. Concernant ses avantages postérieurs à l’emploi, si les indemnités de départ et clause de non-concurrence ne satisfont pas ...

Expert Corporate Governance Service (ECGS)

Saint Gobain - AGM and EGM 06 June 2019

ITEM 10: Benoit Bazin was designated Deputy CEO as of 1 January 2019. The company proposes therefore to approve its 2019 remuneration policy, as well as its post-employments benefits. Overall, his remuneration policy structure is more in line with our recommendations and amounts at stake are more moderate than the CEO’s. Thus we support it. Regarding his post-employments benefits, his severance indemnity and non-compete clause do not respect our Guidelines. However, his supplementary pension plan does. Thus, we support Item 12.

Saint-Gobain – 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 - 07/06/2018

The main subject of this AGM is the renewal of the mandate of Mr de Chalendar, Chairman and CEO. We deeply regret that the Chairman did not restore the “One Share – One Vote” principle. However, we note the improvements made regarding the governance (board with a majority of independent members, Lead Independent director…). Therefore, we support his re-election. However, we do not support his 2018 remuneration policy as the propositions made are exactly the opposite of our recommendations. The board proposes to increase the fixed remuneration, hence to increase the maximum amount of the bonus...

Jehanne Leroy

Proxy Report - 07/06/2018

Le principal sujet de cette assemblée est le renouvellement de M. de Chalendar. Proxinvest regrette vivement que le Président n'ait pas restauré le principe "Une Action - Une Voix". Cependant, nous notons les progrès mis en place en termes de gouvernance : le conseil est désormais majoritairement indépendant (57% selon Proxinvest) et un administrateur référent indépendant (M. Sénard) a été nommé en juin 2017. Ce sont ces améliorations ainsi que les performances du groupe d'un point de vue environnemental qui nous incitent à soutenir son renouvellement. Notons toutefois que le cours de Saint-Go...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Jérôme VINERIER

Short term view - COMPAGNIE DE SAINT GOBAIN SA : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €30.400. The background trend would be questioned should prices rise above €39.022.

Jérôme VINERIER

Analyse court terme - COMPAGNIE DE SAINT GOBAIN SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 30,400 €. La tendance de fond serait remise en cause en cas de franchissement de 39,022 €.

Jérôme VINERIER

Short term view - COMPAGNIE DE SAINT GOBAIN SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €30.400. The background trend would be questioned should prices rise above €39.022.

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