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: Acquisition of Continental Building Products fits well into Saint-Gobain's portfolio rotation strategy

The acquisition of Continental is a strategically sound deal that will be mainly financed with disposal proceeds

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Florent Laroche-Joubert
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Nicolas David
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/14/2019

...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Florent Laroche-Joubert
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Nicolas David
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/11/2019

...

Sven Edelfelt ...
  • Virginie Rousseau

Saint-Gobain : Acquisition in US plaster: old demons or a genuine opportunity?

>Acquisition in plasterboard in the US for € 1.3bn - The group announced the acquisition of Continental Building Products, formerly a Lafarge asset, in the plasterboard segment in the US. The deal will be carried out via a takeover for a value of € 1.3bn ($ 1.4bn) and be partly financed by the disposals carried out by the company (>€ 1bn for € 3.3bn in disposals). The group thereby doubles in size in plasterboard in the US, lifting its market share to ~22% versus 10% ...

Sven Edelfelt ...
  • Virginie Rousseau

Saint-Gobain : Acquisition dans le plâtre aux USA : vieux démons ou véritable opportunité ?

>Acquisition dans la plaque de plâtre aux Etats-Unis pour 1.3 Md€ - Le groupe a annoncé l’acquisition de Continental Building Products, ex- actifs de Lafarge dans le plâtre aux Etats-Unis. L’opération se fera via une OPA pour une valeur de 1.3 Md€ (1.4 Md$) et sera financée en partie par les cessions réalisées par la société (>1 Md€ pour 3.3 Md€ de cessions). Le groupe double de taille dans la plaque de plâtre aux Etats-Unis pour atteindre ~22% de part de marché contr...

Compagnie de Saint-Gobain SA: Acquisition of Continental Building Products fits well into Saint-Gobain's portfolio rotation strategy

The acquisition of Continental is a strategically sound deal that will be mainly financed with disposal proceeds

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 13/11/2019 - Heimstaden Bostad - EN

Heimstaden Bostad (Conserver) : Nouvelle émission hybride ABN Amro (Achat) - 9M-19 : RN de €1,7 md (-14%) Casino (Achat souches courtes, Conserver souches longues) : ~€784m apportés aux offres de rachats Saint-Gobain (Achat) : Accord pour l’acquisition de Continental Building Products pour une valeur d’entreprise de $1,4 md Continental (Achat) - 9M-19 : EBITDA de €4,0 mds (-13,9%) Gestamp (Achat) - 9M-19 : EBITDA de €755m (+10,8%) Prysmian (Vente) - 9M-19 : EBITDA pro-forma de €773m (+18,8%) Enel (Achat) : Relève ses objectifs po...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 05/11/2019 - MOL, Telefonica - EN

TP ICAP - Europe - Morning CreditUpdate 05/11/2019 - MOL, Telefonica - EN

Moody's announces completion of a periodic review of ratings of Compagnie de Saint-Gobain SA

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Compagnie de Saint-Gobain SA. Global Credit Research- 01 Nov 2019. Frankfurt am Main, November 01, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Compagnie de Saint-Gobain SA and other ratings that are associated with the same analytical unit.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 15/10/2019 - Saint-Gobain - FR

Saint-Gobain (Achat) : Continue la cession des activités de distribution aux particuliers Portugal : Envisage de réduire le niveau de l’endettement en dessous de 100% d’ici 2023 Banques néerlandaises : Devront afficher €3mds de fonds propres supplémentaires Arkema (Achat) : Projette de céder son activité Polyoléfines Fonctionnelles pour €335m Capgemini : L'AMF valide le projet d'OPA sur Altran Wendel (Achat) : Accord sur l’acquisition de CPI pour $910m Matalan – S1-19/20 : Résultat opérationnel de £35m (+9,3%)

Sven Edelfelt ...
  • Virginie Rousseau

Saint-Gobain : Acquisition in US plaster: old demons or a genuine opportunity?

>Acquisition in plasterboard in the US for € 1.3bn - The group announced the acquisition of Continental Building Products, formerly a Lafarge asset, in the plasterboard segment in the US. The deal will be carried out via a takeover for a value of € 1.3bn ($ 1.4bn) and be partly financed by the disposals carried out by the company (>€ 1bn for € 3.3bn in disposals). The group thereby doubles in size in plasterboard in the US, lifting its market share to ~22% versus 10% ...

Sven Edelfelt ...
  • Virginie Rousseau

Saint-Gobain : Acquisition dans le plâtre aux USA : vieux démons ou véritable opportunité ?

>Acquisition dans la plaque de plâtre aux Etats-Unis pour 1.3 Md€ - Le groupe a annoncé l’acquisition de Continental Building Products, ex- actifs de Lafarge dans le plâtre aux Etats-Unis. L’opération se fera via une OPA pour une valeur de 1.3 Md€ (1.4 Md$) et sera financée en partie par les cessions réalisées par la société (>1 Md€ pour 3.3 Md€ de cessions). Le groupe double de taille dans la plaque de plâtre aux Etats-Unis pour atteindre ~22% de part de marché contr...

Jean-Christophe Dourret

Saint-Gobain : Saint Gobain - 12 nov 2019

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Jean-Christophe Dourret

Saint-Gobain : Saint-Gobain - 12 nov 2019

...

Nurhayati Wan

Compagnie de Saint-Gobain S.A.

1 director bought

A director at Compagnie De St-Gobain bought 1,000 shares at 34.879EUR and the significance rating of the trade was 69/100. 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...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Florent Laroche-Joubert
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Nicolas David
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/14/2019

...

Alexandre Iatrides ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Florent Laroche-Joubert
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Nicolas David
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/11/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/10/2019

...

Florent Laroche-Joubert ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/01/2019

Strong growth in liquefied natural gas (LNG) is being fuelled by energy demand and coal substitution. A record number of final investment decisions (FID) is expected in 2019, followed by another wave in 2020. Several projects are in competition and only the most competitive will succeed. This boom will benefit global producers. Shell (Buy) is the leading player in the LNG market and Total (Buy, Top pick), no. 2, boasts the biggest project pipeline. Service companies are expected to se...

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...

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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