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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Compagnie De Saint-gobain | COD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| -1.48 | -1.72% | 84.40 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 84.40 | 85.875 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 27/6/2024 06:26 by adrian j boris Compagnie de Saint-Gobain Acquisition27/06/2024 7:00am RNS Regulatory News RNS Number : 1202U Compagnie de Saint-Gobain 27 June 2024 SAINT-GOBAIN FURTHER STRENGthENS ITS worldwide presence IN CONSTRUCTION CHEMICALS BY SIGNING A DEFINITIVE AGREEMENT TO ACQUIRE FOSROC, a leading player in asia and emerging markets Saint-Gobain announces that it has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player for $1,025 million (approximately €960 million) in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain's worldwide presence in construction chemicals, which will have combined sales of €6.2 billion across 73 countries following the acquisition (pro forma). FOSROC is a global construction chemicals player with a strong geographic footprint in India, the Middle East and Asia-Pacific in particular. The company is expected to generate $487 million of sales and to achieve an EBITDA margin of 18.7% in 2024E. With 20 manufacturing plants and around 3,000 employees, FOSROC provides a wide range of technical solutions for the construction industry, including admixtures and additives for concrete and cement, adhesives and sealants, waterproofing solutions, concrete repair solutions and flooring. The purchase price represents an acquisition multiple (before synergies) of approximately 11.3x FOSROC's 2024E EBITDA of $91 million, and a multiple of approximately 7.1x when including run-rate synergies of approximately $54 million in year 3. This acquisition will be fully financed in cash. The Group will maintain a strong balance sheet with net debt / EBITDA remaining at the low end of the target range (1.5x to 2.0x) including the recently announced Bailey and CSR Limited acquisitions. Closing of the transaction is subject to customary conditions and is expected in first-half 2025. A COMPELLING STRATEGIC RATIONALE · A unique opportunity, fully aligned with Saint-Gobain's strategy to strengthen its worldwide presence in construction chemicals, supported by solid macroeconomic factors including the transition towards low-carbon concrete. It will complement the Group's worldwide growth platform in construction chemicals. · A highly complementary geographic profile strengthening Saint-Gobain's presence in high-growth emerging markets, notably India and the Middle East. FOSROC's positions in the Middle East and Asia perfectly complement Chryso's positions mostly in Europe, Turkey and Africa and GCP's in North America, Latin America and Asia-Pacific. FOSROC is a leading player in India, one of the most attractive countries in construction chemicals worldwide with growth supported by an ambitious infrastructure plan for the coming decades. · A comprehensive range of solutions with a renowned brand and strong technical competencies. FOSROC's capabilities are supported by its trusted brand and its recognized technical expertise, entrepreneurial spirit and high level of service. · A strong track record of highly profitable growth and significant outperformance of its underlying markets. FOSROC has a strong growth track record with c. 11% sales growth per year (2021-2024E). The company delivers a superior EBITDA margin - more than 18% - thanks to a highly experienced management team with a proven history of success. · A value-creative acquisition for Saint-Gobain's shareholders and customers, with strong synergy potential. $54 million expected synergies in year 3 following transaction close, of which $39 million are cost synergies which are expected to be captured through economies of scale in purchasing (including on raw materials and vertical integration of polymers production), footprint optimization, SG&A savings and manufacturing and logistics cost optimization. Saint-Gobain expects to benefit from at least $15 million of growth synergies thanks to cross-selling opportunities, combining the Group's innovation capabilities with Fosroc's strength in infrastructure, and to its customer relationships. These synergies will be achieved across Saint-Gobain's worldwide platform in construction chemicals and will leverage Saint-Gobain's existing strong presence in the wider light and sustainable construction sector in India and the Middle East. The acquisition will create value by year 3 following the closing of the transaction and will be EPS (Earnings Per Share) accretive from year 1. The integration will be led by Thierry Bernard, Chief Executive Officer of Construction Chemicals, with the experienced team who developed the Chryso business over many years, managed its integration within Saint-Gobain and who has piloted its successful combination with GCP since 2022, providing a high level of confidence in the integration of FOSROC. It will be consolidated into the High Performance Solutions segment. Benoit Bazin, Chairman and Chief Executive Officer of Saint-Gobain, commented: "The acquisition of FOSROC is perfectly aligned with our "Grow & Impact" strategic plan: it is a unique opportunity for Saint-Gobain to further reinforce its worldwide presence in construction chemicals, and to strengthen its presence in high-growth emerging markets, in particular in India and the Middle East. I am very impressed with FOSROC's leadership, its strategy and its impressive development, as well as the team's track record of excellent execution and profitable growth. The combination of the two groups will allow us to expand our profitable growth platform in construction chemicals. I am looking forward to warmly welcoming the FOSROC teams into the Group and I am very confident about the combination of our joint forces." Jim Hay, Chairman of FOSROC, commented: "Today marks the beginning of an exciting new chapter in the history of FOSROC. Our focus on delivering the best solutions and satisfaction to our customers has enabled us to become a leading player in construction chemicals. I want to thank all our teams for their outstanding work over many years." Rob Bonnici, Chief Executive Officer of FOSROC, added: "The opportunity to join Saint-Gobain, worldwide leader in light and sustainable construction and a global player in construction chemicals is the perfect next step to enhance our offer by leveraging Saint-Gobain's innovation and technology in construction chemicals. I look forward to continuing our growth journey within Saint-Gobain." Analyst/Investor Conference Call on June 27, 2024 at 8:00 am Paris time Dial-in: +33 1 70 91 87 04 or +44 12 1281 8004 or +1 718 705 8796 Please dial in 5 to 10 minutes prior to the scheduled start time. Replay: +39 02 802 0987 then press 700755# and 755# from 10:00 am Paris time until July 27, 2024. A presentation will be available before the conference call on Saint-Gobain’s website at: hxxps://www.saint-go Morgan Stanley is acting as financial advisor, and Freshfields is acting as legal counsel to Saint-Gobain in connection with the transaction. About Saint-Gobain Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME". €47.9 billion in sales in 2023 160,000 employees, locations in 76 countries Committed to achieving net zero carbon emissions by 2050 For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain Analyst/investor relations Press relations Vivien Dardel: +33 1 88 54 29 77 Patricia Marie: +33 1 88 54 26 83 Floriana Michalowska: +33 1 88 54 19 09 Laure Bencheikh: +33 1 88 54 26 38 Alix Sicaud: +33 1 88 54 38 70 Yanice Biyogo: +33 1 88 54 27 96 James Weston: +33 1 88 54 01 24 |
Posted at 10/5/2024 05:23 by waldron VINCI : The technical configuration is positiveMay 09, 2024 at 09:51 am By The editorial team Share BUY Live Entry price Target Stop-loss Potential €114.55 €120 €109 +4.76% Shares in VINCI do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend. Chart VINCI Summary ● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility. ● Overall, and from a short-term perspective, the company presents an interesting fundamental situation. ● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well. Strengths ● The company is one of the best yield companies with high dividend expectations. ● Over the past year, analysts have regularly revised upwards their sales forecast for the company. ● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth. ● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock. ● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years. ● The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects. ● The group usually releases upbeat results with huge surprise rates. Weaknesses ● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential. ● The company's earnings growth outlook lacks momentum and is a weakness. |
Posted at 02/3/2024 07:06 by misca2 The market loses patience with Saint-GobainMarch 01, 2024 at 03:37 pm MarketScreener.com By Kevin Smith The financial results of the world leader in building materials, published yesterday, are always eagerly awaited by investors, who use it to take the pulse of the economy. Three years ago, almost to the day, MarketScreener included the Saint-Gobain share in its European portfolio - it had long since left it - on the grounds that the group seemed well placed to absorb a hyper-inflationary context, thanks in particular to a restructuring and upmarket program in construction chemicals that was already bearing fruit. On a more critical note, however, we emphasized the Group's lack of growth during the previous cycle. The company was emerging from a veritable decade of sluggishness, which had earned it the wrath of the dreaded Elliott activist fund, among other grievances. Three years on, the results for the fiscal year just ended reveal three things: one, Saint-Gobain has indeed managed to pass on inflation, but without benefiting from it either; two, excluding acquisitions, organic growth continues to lag; three, optimization of the business portfolio continues and is producing fairly good results. As proof of these elements, a price increase of 4.6%, which in 2023 will not fully offset a 5.5% drop in volumes; consolidated sales down by 6.4%, with a marked decline in Northern Europe but also a good performance in the US markets; and margins and operating profit that are holding up well in this challenging environment. Not much has changed, then, and the market seems to be getting impatient, since the trend towards compression of Saint-Gobain's valuation multiple is not really reversing - despite a slight upturn of late. It should be pointed out, however, that the process of moving upmarket is bound to take years, and that at the same time the Group is confirming its trajectory of improving profitability, while financial leverage continues to decline. The work of the management team that has been at the helm for the past few years is therefore to be commended, without overlooking the difficult underlying business conditions - which the Swiss Sika Group has so far managed to avoid thanks to a remarkably well-managed acquisitions policy. Share Image Kevin Smith |
Posted at 29/2/2024 21:08 by waldron 2024 outlook and strategic prioritiesIn a geopolitical and macroeconomic environment that remains challenging, Saint-Gobain will continue to demonstrate its resilience and its excellent operating performance, thanks to its focused strategy and its proactive commercial and industrial initiatives. Saint-Gobain expects some of its markets to remain difficult in 2024, especially in the first half of the year owing to a high comparison basis, with a contrasting situation between Europe and the rest of the world: · Europe: resilience in renovation; new construction remaining difficult before gradually reaching its low point country by country; · Americas: construction to hold firm in North America (new build and renovation); recovery expected during the year in Latin America; · Asia-Pacific: good growth in most countries; · High Performance Solutions: Construction Chemicals to see dynamic growth; Mobility to hold firm and a contrasting situation on industrial markets in terms of demand. Against this backdrop, in 2024 the Group will continue to implement the strategic priorities set out in its "Grow & Impact" plan for 2021-2025: 1) Continue our initiatives focused on profitability and free cash flow generation · Constant focus on the price-cost spread; · Productivity initiatives and swift adjustments from country to country where necessary; · Capital expenditure slightly above 4% of sales, with strict allocation to high-growth markets. 2) Outperform our markets by strengthening our profitable growth profile · Enrich our comprehensive range of integrated, differentiated and innovative solutions offering sustainability and performance for our customers; · Continue our value-creating targeted acquisitions and divestments dynamic, and benefit from the successful integration of recent acquisitions. 3) Continued focus on our ESG roadmap as leader in sustainable construction · Promote our positive-impact and low-carbon solutions among our customers; · Extend the decarbonization of construction to the entire value chain, playing our full role as leader in light and sustainable construction. Despite a context which remains difficult in certain markets, in 2024 Saint-Gobain expects a double-digit operating margin for the fourth consecutive year Financial calendar An information meeting for analysts and investors will be held at 8:30am (GMT +1) on March 1, 2024 and will be streamed live on Saint-Gobain's website: www.saint-gobain.com · Sales for the first quarter of 2024: Thursday April 25, 2024, after close of trading on the Paris stock exchange · UK site visit: Tuesday July 2, 2024 |
Posted at 27/5/2020 07:01 by florenceorbis RNS Number : 0501OCompagnie de Saint-Gobain 27 May 2020 PRESS RELEASE May 27, 2020, at 8:00 am SAINT-GOBAIN GROUP COMPLETES SALE OF SIKA SHARES FOR CHF2.56 BILLION -- Saint-Gobain today announces the successful completion of the sale by its subsidiary Schenker-Winkler Holding AG of approximately 15.2 million Sika shares, representing its full stake of 10.75% of Sika's share capital, for a total of CHF2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process. -- As a result of this disposal, Saint-Gobain has generated gross gains of EUR1.54 billion since May 2018. The disposal of the stake in Sika enables Saint-Gobain to strengthen its balance sheet. Saint-Gobain acquired its 10.75% stake in Sika as part of a global agreement with Sika and the Burkard family in May 2018. The Sika shares were held as an equity investment and Saint-Gobain has chosen to recognize any change in the fair value of the Sika shares directly in equity. Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, commented: "The Sika shareholding has been an outstanding investment for Saint-Gobain over the past two years. We have completed the sale at a price of CHF2.56 billion, equivalent to around EUR2.41 billion, compared to a purchase price of EUR933 million in May 2018. Realizing such an outstanding return on this investment is a very positive development for the Group. The proceeds from the disposal will strengthen Saint-Gobain's balance sheet, increase its financial flexibility and liquidity position in a market environment that remains uncertain. As mentioned at the end of April, depending on how the situation evolves Saint-Gobain will review the Group's shareholder return policy by the end of the year. " Citigroup acted as Sole Global Coordinator on the Private Placement. Citigroup and Lazard acted as financial advisers to Saint-Gobain . ABOUT SAINT-GOBAIN Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change. EUR42.6 billion in sales in 2019 Operates in 68 countries More than 170,000 employees For more information about Saint-Gobain Visit www.saint-gobain.com and follow us on Twitter @saintgobain |
Posted at 15/7/2019 06:54 by waldron 07/12/2019 | 11:56purchase In progress Entrance course: 33.65 € | Objective: 36 € | Stop: 32.3 € | Potential: 6.98% The technical configuration of the Saint-Gobain title gives signs of a militant reversal in favor of the return of a positive medium-term orientation. We can position ourselves at the purchase to target the 36 €. SAINT-GOBAIN Chart Duration: Period: Saint-Gobain: Saint-Gobain Technical Analysis Chart | Stock Exchange area Full screen graphic Synthesis The company has solid fundamentals. More than 70% of companies have a mix of growth, profitability, debt and lower visibility. The company presents an interesting fundamental situation in a short-term investment perspective. Strong points From a graphic point of view, the timing seems appropriate near the support of 32.41 EUR. Generally, the company publishes above consensus analysts with generally positive surprise rates. The stock is valued on 2019 at 0.62 times its turnover, which represents very attractive valuation levels compared to other companies listed. The company enjoys multiple attractive results. With a PER of 10.17 for 2019 and 9.28 for 2020, the company is among the cheapest in the market. Investors looking for returns may find in this action a major interest. Over the last 7 days, analysts have revised upward their company's EPS estimates. The progression of earnings per share revisions appears very positive in recent months. Analysts now anticipate better profitability than previously. The gap between current prices and the average price target of the analysts covering the file is relatively large and assumes a significant appreciation potential. Weak points The expected evolution of turnover suggests poor growth over the next few years. The margins generated by the company are relatively low. |
Posted at 26/6/2019 06:15 by grupo Compagnie de Saint-Gobain S.A. (EPA:SGO) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of SGO, it is a highly-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Compagnie de Saint-Gobain here.Excellent balance sheet average dividend payer SGO is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. SGO's has produced operating cash levels of 0.23x total debt over the past year, which implies that SGO's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings. ENXTPA:SGO Historical Debt, June 26th 2019 ENXTPA:SGO Historical Debt, June 26th 2019 SGO pays a decent dividend yield to its shareholders, exceeding the low-risk savings rate, which is able to compensate investors for taking on the risk of holding a risky stock over a riskless asset. That said, please remember that dividend yields are a function of stock prices and corporate profits, both of which can be volatile. ENXTPA:SGO Historical Dividend Yield, June 26th 2019 ENXTPA:SGO Historical Dividend Yield, June 26th 2019 Next Steps: For Compagnie de Saint-Gobain, there are three fundamental factors you should further research: Future Outlook: What are well-informed industry analysts predicting for SGO’s future growth? Take a look at our free research report of analyst consensus for SGO’s outlook. Historical Performance: What has SGO's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of SGO? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. If you spot an error that warrants correction, please contact the editor at editorial-team@simpl |
Posted at 11/6/2019 18:02 by the grumpy old men SAINT-GOBAIN, the largest increase in the CAC 40 at the end of Tuesday, June 11, 2019 -Posted on 11/06/2019 at 6:02 pm Find this content later by pressing this button (AOF) - SAINT-GOBAIN (+ 2.68% to 33.48 euros) The group signs its third consecutive session on the rise. It remains well oriented (+ 1.47%) over the last five cumulative sessions. AOF - LEARN MORE Strengths of value - World leader in housing, created in 1665; - Group organized into three divisions, distribution for building for 46%, products for construction (29%) and innovative materials; - Positioning in the field of improving the energy efficiency of buildings, renovation accounting for 51% of sales, ahead of new construction (33%) and industries (16% of which 8% for transport); - Increase in the international power, the share of France decreasing to about 25%; - Industrial reorganization in 2019 into four regional entities - Northern Europe, Southern Europe-Middle East-Africa, the Americas and Asia-Pacific - plus a global "High Performance Solutions" entity grouping materials high performance and automotive glazing; - Priority given to high value-added products and solutions, relying in particular on partnerships with start-up incubators; - Local rooting of the distribution branch's operations; - Financially interesting exit from the conflict with the Swiss Sika and purchase of the British SigRoofspace; - Sound financial position, allowing great generosity for the shareholder (share buybacks and high return). Weaknesses in value - Cyclical nature of the activity, 4 / 5ths of sales being made in the construction sector; - Difference in margins between branches - those of distribution being barely above 4%, against 11% in innovative materials and products for construction - and between geographical areas - less than 6% in Western Europe, more than double elsewhere ; - Always low visibility in Germany and the United Kingdom; - Negative impact of foreign exchange and rising variable costs (paper, asphalt ...); - Disappointment of investors after slight downward revision of 2018 results. How to follow the value - Evolution in Europe of housing starts and building permits; - Positive impact of the new government, especially in the energy efficiency sector (about 1/3 of sales in France); - Mid-term objectives: focus on innovation and "new geographies" and reinforcement of local market shares aiming to generate an operating margin between 8.3 and 9.8%; - 2019 program of € 3 billion in disposals and cost reductions; - Exploded capital, Wendel having reduced its position to 2.5% of the capital and 4.5% of the voting rights), characterized by a high level of employee involvement (7.4%). Chinese cement companies are upsetting the codes of the global sector. They benefit from low production costs and excellent performance, proof of international expansion. Until now, China consumed nearly 60% of the world's cement and overcapacity was pulling its prices down. But the Chinese government, seeking to reduce pollution, has closed some cement plants, causing an increase in prices. As a result some analysts consider that China is one of the most profitable markets. In 2018, prices rose by 22%. Three groups dominate the market: the giant Anhui Conch, Huaxin and CRC. To consolidate their power, they are conducting acquisitions, notably with LafargeHolcim and HeidelbergCement. |
Posted at 16/4/2019 10:17 by la forge Saint-Gobain: at least 500 ME for Pont-à-Mousso15/04/2019 13:55 | Bursary | 447 | No vote on this news Saint-Gobain would seek to obtain about 500 million euros from the sale of its distressed subsidiary Pont-à-Mousso Saint-Gobain: at least 500 ME for Pont-à-Mousso Saint-Gobain Credits [FR: FR0000125007: 0] Saint-Gobain [: FR] would seek about 500 million euros from the sale of its distressed subsidiary Pont-à-Mousso Saint-Gobain is looking for a partner for its subsidiary, whose profitability is affected by Asian competition, said Bruno Le Maire recently. A Chinese investor and a US fund have made proposals, said the Minister of Economy. In a note, Kepler Cheuvreux recently estimated the turnover of Pont-à-Mousso A spokeswoman for Saint-Gobain told the agency that the subsidiary represents only a few percentage points of the overall turnover of the company and that it is premature to decide on a potential valuation because the company comes just started looking for potential partners. Saint-Gobain announced last November a program of disposals of non-strategic assets representing a total of at least 3 billion euros of turnover by the end of 2019. |
Posted at 08/2/2019 09:00 by waldron 07/02/2019 | 10:15purchase In progress Course of entry: 32.15 € | Objective: 38 € | Stop: 28.5 € | Potential: 18.2% The operators were interested again in Saint-Gobain. The technical configuration now appears positive on the short term with a new potential of released. We can position ourselves at the purchase to target 38 €. SAINT-GOBAIN Chart Duration: Period: Saint-Gobain: Saint-Gobain Technical Analysis Chart | Stock Exchange area Full screen graphic Synthesis PUBLICITY inRead invented by Teads The company has solid fundamentals. More than 70% of companies have a mix of growth, profitability, debt and lower visibility. The company presents an interesting fundamental situation in a short-term investment perspective. Strong points Generally, the company publishes above consensus analysts with generally positive surprise rates. The stock is valued in 2018 at 0.6 times its turnover, which represents very attractive valuation levels compared to other companies listed. The company is one of the most attractive in the market in terms of valuation based on multiple results. Investors looking for returns may find in this action a major interest. The analysts covering the file mainly recommend buying or overweighting the stock. The analysts' average price target is relatively remote and assumes significant appreciation potential. Weak points The stock is currently in contact with a mid-term resistance around 33.2 EUR, which will be overcome to have a new growth potential. The expected evolution of turnover suggests poor growth over the next few years. Analysts who cover the issue recently revised down their earnings estimates. The long-term technical configuration remains degraded below the resistance level in weekly data of EUR 36.74. |
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