Unilever: Bryan Garnier maintains "neutral" rating.
(CercleFinance.com) - Bryan Garnier has confirmed his "neutral" rating on the Unilever stock along with its target price of 50 euros, after signing an agreement to buy Carvert Korea from Bain Capital Private Equity and Goldman for 2.
27 billion dollars.
This transaction represents an EV/sales ratio of 7x and an EV/EBITDA ratio of 17x.
The broker also estimated the gain in terms of 2017 EPS at 1.5%, while its net debt/EBITDA ratio would be raised to 2.2, against 1.9 previously.
The acquisition of Carver Korea will enable Unilever to strengthen its position in North Asia, in addition to bringing the contribution from healthcare to 38% of the Dutch group's total sales.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
27 billion dollars.
This transaction represents an EV/sales ratio of 7x and an EV/EBITDA ratio of 17x.
The broker also estimated the gain in terms of 2017 EPS at 1.5%, while its net debt/EBITDA ratio would be raised to 2.2, against 1.9 previously.
The acquisition of Carver Korea will enable Unilever to strengthen its position in North Asia, in addition to bringing the contribution from healthcare to 38% of the Dutch group's total sales.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.