Compagnie De Saint-gobain Share Discussion Threads

[adrian j boris] 25/7/2018 07:56

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

The stock is evolving close to its long-term support in weekly data, located at 36.9 EUR, thus offering a good timing of intervention.
From a graphic point of view, the timing seems appropriate near the support of 36.9 EUR.
Generally, the company publishes above consensus analysts with generally positive surprise rates.
The stock has a very low valuation level with an enterprise value estimated at 0.65 times its turnover.
The company has very attractive results multiples.
Investors looking for returns may find in this action a major interest.
Analysts have supported the positive evolution of the group's activities by significantly adjusting their net earnings per share forecasts.
The analysts covering the file mainly recommend buying or overweighting the stock.
The gap between current prices and the average price target of the analysts covering the file is relatively large and implies a significant appreciation potential.


Weak points

The expected evolution of turnover suggests poor growth over the next few years.
The long-term technical configuration remains degraded below the resistance level in weekly data of EUR 43.71.

[adrian j boris] 23/7/2018 10:43

26Jul 2018 H1 2018 Results

[sarkasm] 11/7/2018 11:32

Boursier.com) - Eric Lemarié, an analyst at Bryan Garnier, is struggling to identify bullish catalysts for the title Saint-Gobain currently, despite the reasonable valuation of the file.

On the contrary, this specialist believes that the horizon is deteriorating for the group of building materials because of headwinds expected on its results in the first half, which should be affected by the pinching of margins in the glazing and by strikes at Brazil, and clouds accumulating on the horizon. Eric Lemarié cites the uncertainties on the residential segment in France and the consequences in emerging countries of the trade war.

Taking note of the deterioration of the prospects of the tricolor group, the expert of Bryan Garnier lowers the theoretical valuation of 53 to 47 euros on Saint-Gobain. He accordingly degrades his recommendation to "neutral" while he was buying on the title so far.

On the Paris Stock Exchange, the Saint-Gobain share flanked 1.6% to 37.41 euros.

[la forge] 04/7/2018 10:06

Citeo, Total, Saint-Gobain and Syndifrais collaborate to create a polystyrene recycling channel in France

by Grace Nolan

4 July 2018

09:40
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Citeo, Total, Saint-Gobain and the French Union of Fresh Dairy Product Manufacturers (Syndifrais) are collaborating to help lay the groundwork for an industrial-scale polystyrene recycling channel in France and to validate its technical and cost feasibility within 18 months.

The project is part of the voluntary commitments for the French government’s Circular Economy Roadmap and in line with French and European Union objectives in plastic recycling.
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It is estimated that 110,000 metric tons of polystyrene packaging is put on the market each year in France.

Via Citeo, France’s dairy product manufacturers have developed a collection system, to separate, sort and prepare several hundred tons of post-consumer polystyrene from France's extended household waste sorting program.

Syndifrais, alongside Citeo, will therefore contribute to the emergence of a recycling channel for polystyrene packaging and Syndifrais will also use the project's technical findings to improve the eco-design of packaging.

Total will use the sorted and prepared polystyrene in its plastic production units in Carling, France and Feluy, Belgium.

Saint-Gobain is involved in initiatives related to the circular economy and its subsidiary Placoplatre is aiming to promote the use of raw materials containing recycled content.

[the grumpy old men] 03/7/2018 10:43

Compagnie de Saint-Gobain SA (SGO.FR) said Tuesday that it has agreed to buy the North American ceilings business of Hunter Douglas NV (HDG.AE) for an undisclosed amount.

The business manufactures architectural ceilings at two production sites in Georgia and Colorado and posted sales of $36 million in 2017, Saint-Gobain said.

The deal is set to close in July pending regulatory approval, Saint-Gobain said.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

July 03, 2018 04:59 ET (08:59 GMT)

[adrian j boris] 28/6/2018 15:47

Saint-Gobain: a good entry point for Morgan Stanley

Jean-Baptiste André, published on the 28/06/2018 at 16h27
Saint-Gobain: a good entry point for Morgan Stanley
Photo credit © Saint-Gobain

(Boursier.com) - Saint-Gobain yields 2.4% to 37.9 euros at the end of the session. Morgan Stanley spent this morning 'online weighting' to 'overweight' on the value despite a reduced target of 49 to 47 euros. The US bank estimates that the recent fall in price on fears about the construction cycle in Europe and weaker construction data in France is exaggerated. The broker cites the diversity of the company's end markets and recalls that new construction in Europe represents only 26% of Ebitda 2018, against 19% for the United States, which enjoys a solid cycle, and 21% for emerging countries. In the end, MS thinks the course offers a good entry point to the current level.

[maywillow] 11/6/2018 10:59

11/06/2018 | 11:12
Saint-Gobain (-0.34% to 40.965 euros) once again occupies one of the last places in the CAC 40 after having already signed the largest decline (-3.86%) Friday. The statements of the Group CEO, at the general meeting last Thursday, therefore continue to weigh. The latter has indicated that it anticipates that the second half of Saint-Gobain will be better than the first in terms of growth in current operating income. Only, over this period, Saint-Gobain will be faced with a difficult basis of comparison.

As a result, UBS is concerned that the promise of improvement in the second part of the year is sustainable only if the first half is less dynamic than expected. This prospect is all the less appreciated as the first half of 2017 was penalized by a cyber-attack that had resulted in organic growth of only 6.6% of Saint-Gobain's current operating income.

In addition, it implies that the second quarter is also low, after a first quarter already complicated due to adverse weather. "Recent comments by the CEO at the GA (flooding of a plant in Egypt, strike truckers in Brazil) do not bode well for the trends of the second quarter," said Barclays soberly.

Saint-Gobain could suffer the slowdown in the French residential market

In short, for UBS, the consensus will be left for a downward adjustment: if the first half is lower than expected, the annual landing may also fall below expectations. For now, analysts expect a current operating profit of 2018 € 3.34 billion for Saint-Gobain. UBS expects a downward revision to 3.1-3.2 billion euros, an organic growth of between 5 and 8%. He himself is at 3.24 billion but will update his estimates.

Barclays, for its part, did not wait to review its forecasts. It reduced its estimate of Saint-Gobain's earnings per share by 11% over the 2018-2020 period, setting it up 18% under consensus. For the analyst, the French group sees other uncertainties rising before it, more structural than a possible air hole in the first half.

Barclays believes that investors underestimate two risks that weigh on the French group: a slowdown in the French residential housing market and rising costs of raw materials, especially energy. "The dynamics of the French residential market could already be reversed", feared the broker, while Saint-Gobain realized 11% of its Ebitda. In addition to France, the UK and Swedish markets are also showing signs of slowing down: "We now believe that two-thirds of the Distribution division for construction offers less visibility," says Barclays.

Regarding the price / cost equation, the broker fears that Saint-Gobain will underestimate the inflation of its costs (300 million euros expected this year) and that full compensation by the increase in its selling prices represents a real challenge.

[the grumpy old men] 08/6/2018 07:48

08/06/2018 | 7:56
Saint-Gobain announces that at the end of its combined general shareholders' meeting, Pierre-André de Chalendar has been reappointed by the Board of Directors as Chairman of the Board and Chief Executive Officer.

The general meeting also approved the amendment of Saint-Gobain's bylaws to provide for the appointment of two directors representing employees on the board, regardless of its size.

Finally, it approved the distribution of a dividend of 1.30 euro per share (against 1.26 euro for 2016), with full cash payment. It will be detached from the action on June 11 and will be paid as of June 13.

[the grumpy old men] 07/6/2018 17:45

PARIS (Agefi-Dow Jones) - Saint-Gobain's turnover will be "clearly better" in the second quarter than in the first quarter, group CEO Pierre-André de Chalendar said on Thursday. general meeting of the producer of building materials. The start of the year, still difficult for the group's activity, was "a little slowed down" by the bad weather, recalled the leader, who also expects the second half of 2018 to be better than the first one. . For the year as a whole, Saint-Gobain expects growth in its operating income at comparable structure and exchange rates. Saint-Gobain shares ended Thursday up 0.2% to 44.21 euros. ([e-mail]) ed: LBO


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(END) Dow Jones Newswires


June 07, 2018 11:58 ET (15:58 GMT)

[ariane] 07/6/2018 05:59

05/06/2018 | 9:49
Bryan, Garnier & Co. is back on the Saint-Gobain file after rumors that the French group of building materials would be interested in the European distribution branch of the Irish CRH. Analysts do not believe it. The purchase advice is confirmed, as well as the price target of 53 euros which augurs a potential upwards of more than 20%.

According to this rumor, CRH intends to sell its European distribution for 2.4 billion euros, or 8.5 times its 2017 EBITDA. Saint-Gobain and Kingfisher may be interested.

Bryan Garnier contacted Saint-Gobain, who contented himself with a 'no comment'. Admittedly, the balance sheet of the French group would allow him to finance the operation without problem. However, 'we strongly doubt that Saint-Gobain is tempted by the acquisition of the entire division in question: it simply would not be consistent with his strategy,' says a note.

Indeed, Saint-Gobain intends to devote approximately two billion euros to acquisitions between 2017 and 2020 (excluding Sika), or 500 million per year. And 641 million have already been invested in 2017. In addition, the distribution of CRH would hardly open Saint-Gobain to new markets, the geographical presence of the two perimeters being superimposed. Station, moreover, at the risk of concentration, especially since this operation would have little technology, another objective of the group in terms of M & A.

Saint-Gobain could therefore be interested in only a part of the assets that CRH would get rid of, says Bryan Garnier. Under these conditions, analysts do not change their appreciation of value.

[la forge] 05/6/2018 12:21

05/06/2018 | 9:49
Bryan, Garnier & Co. is back on the Saint-Gobain file after rumors that the French group of building materials would be interested in the European distribution branch of the Irish CRH. Analysts do not believe it. The purchase advice is confirmed, as well as the price target of 53 euros which augurs a potential upwards of more than 20%.

According to this rumor, CRH intends to sell its European distribution for 2.4 billion euros, or 8.5 times its 2017 EBITDA. Saint-Gobain and Kingfisher may be interested.

Bryan Garnier contacted Saint-Gobain, who contented himself with a 'no comment'. Admittedly, the balance sheet of the French group would allow him to finance the operation without problem. However, 'we strongly doubt that Saint-Gobain is tempted by the acquisition of the entire division in question: it simply would not be consistent with his strategy,' says a note.

Indeed, Saint-Gobain intends to devote approximately two billion euros to acquisitions between 2017 and 2020 (excluding Sika), or 500 million per year. And 641 million have already been invested in 2017. In addition, the distribution of CRH would hardly open Saint-Gobain to new markets, the geographical presence of the two perimeters being superimposed. Station, moreover, at the risk of concentration, especially since this operation would have little technology, another objective of the group in terms of M & A.

Saint-Gobain could therefore be interested in only a part of the assets that CRH would get rid of, says Bryan Garnier. Under these conditions, analysts do not change their appreciation of value.

[grupo] 14/5/2018 16:06

Gobain (EU: SGO)
Intraday Chart of the Action

Today: Monday 14 May 2018
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(CercleFinance.com) - In the middle of the afternoon, the Saint-Gobain share remains downward (-0.8%), against a backdrop of positive comments from an analyst.

Oddo has indeed reaffirmed its recommendation 'purchase' on the title, as well as its target price of 60 euros, the broker is satisfied with the end of the conflict that had pitted, for years, the group specialized in production, processing and the distribution of materials in Sika.

This new agreement, which is very different from the one initially envisaged, has the advantage of putting an end to all the legal proceedings in progress and thus eliminates the uncertainties which continued to surround Saint-Gobain. It also allows a gain greater than 1 euro per title Saint-Gobain ', said this morning the broker, whose price target is fifteen euros higher than the current value of the title Saint-Gobain

[la forge] 11/5/2018 08:16

PARIS (Agefi-Dow Jones) - Building materials maker Saint-Gobain on Friday announced an agreement with the Burkard and Sika family to de facto relinquish control of the Swiss company and resolve a long-standing conflict. four years.


In 2014, Saint-Gobain announced its intention to acquire for 2.75 billion Swiss francs the Sika shares of Schenker-Winkler, the holding company of the Burkard family, holding 16% of the capital and 52% of the voting rights of Sika. This operation was contested by the majority of Sika's board of directors, who tried by all means to defeat it.


The agreement announced Friday finally puts an end to all disputes between actors of this long serial, said Saint-Gobain. The scheme is rather complex: Saint-Gobain has bought the Schenker-Winkler holding for 3.22 billion Swiss francs (2.7 billion euros), 500 million more than in the agreement originally passed in October 2014, to reflect Sika's appreciation on the stock market.


In the process, Saint-Gobain transferred to Sika 6.97% of its own capital, via the stake acquired via Schenker-Winkler. This sale, which represents 23.7% of the voting rights of Sika, was completed for a total amount of 2.08 billion Swiss francs, which includes a premium of 795 million francs compared to the May 4th share price. .


Following this transaction, Sika will convene an extraordinary general meeting on June 11, during which it will propose to cancel the 6.97% of the capital acquired from Saint-Gobain. It will also propose the abolition of the statutory limitation of 5% transfer of securities and the statutory opt-out clause, which in Switzerland allows a shareholder who acquires more than one-third of the voting rights of a company not to make a public tender offer on the rest of the capital. Above all, Sika will offer to convert all its shares into a single share class (called "one share, one vote") with a conversion ratio of 1:60 for bearer shares.


Saint-Gobain and Schenker-Winkler pledged to vote in favor of all of these resolutions, with representatives of the Burkard family, Urs Burkard, Jürgen Tinggren and Willi Leimer having also resigned from the board of directors.


At the end of this extraordinary general meeting, Saint-Gobain will hold 10.75% of Sika's share capital and voting rights. The two groups agreed that Saint-Gobain would keep this participation for at least two years without being able to exceed a ceiling of 10.75% for four years. This ceiling will then be raised to 12.875% for the next two years.


"In the event that a transfer of shares would be considered by Saint-Gobain, the latter should propose them to Sika in priority, within the limit of 10.75% of the capital of Sika", have also indicated the two groups in a communicated. Sika and Saint-Gobain will also deepen their commercial relations "that they will seek to expand in areas that are mutually beneficial".


"This is a very positive outcome, both from a financial and a strategic point of view, we have a positive net income of more than 600 million euros for our shareholders, we are also keeping a minority stake in a good company and we are going to increase collaboration between the two groups, "said Pierre-André de Chalendar, CEO of Saint-Gobain, quoted in a statement.


-Julien Marion, Agefi-DowJones; 01 41 27 47 94; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


May 11, 2018 02:09 ET (06:09 GMT)

[ariane] 13/4/2018 08:08

Compagnie de Saint-Gobain SA (SGO.FR) said Friday that it has acquired the pharmaceutical business of Ireland-based Micro Hydraulics for an undisclosed amount.

Micro Hydraulics manufactures single-use, fluid-handling components in Dublin and Cork, and employs around 50 people, according to the company's website.

Saint-Gobain said the acquisition will strengthen its high-performance materials unit and forms part of its broader strategy to break into fast-growing markets.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

April 13, 2018 02:46 ET (06:46 GMT)

[maywillow] 01/3/2018 21:57

Compagnie de Saint-Gobain (SGO.FR) said on Thursday that it has bought U.S. company HyComp, which supplies components for use in the aerospace industry.

The French company said it had acquired HyComp, which is headquartered in Ohio, as part of its strategy to develop "adjacent technological niches."

HyComp supplies components made with carbon fibers and thermoplastic materials which are used in high-temperature and long-life applications in the aerospace sector, Saint-Gobain said.

The acquisition will allow Saint-Gobain's high-performance materials activity to broaden its portfolio of materials for demanding applications, the company added. No financial details of the deal were disclosed.

HyComp employs about 120 people.



Write to at @dowjones.com



(END) Dow Jones Newswires

March 01, 2018 12:39 ET (17:39 GMT)

[waldron] 23/2/2018 09:06

PARIS (Agefi-Dow Jones) - The publication of the 2017 results of Saint-Gobain (SGO.FR) appears "reassuring on both volume dynamics and price," said Virginie Rousseau, an analyst at Oddo BHF. While the group experienced a lag between rising costs and higher selling prices, operating margin nevertheless increased to 7.7% in the second half, with improvement in all divisions. The specialist also highlights the acceleration seen in the fourth quarter, driven by France, the United States and emerging countries. Oddo BHF maintains its buying advice on the title, targeting 60 euros per share. Saint-Gobain rose 2.8% to 45.33 euros after half an hour of trading Friday. ([e-mail]) ed: ECH




(END) Dow Jones Newswires


February 23, 2018 03:35 ET (08:35 GMT)

[grupo guitarlumber] 26/1/2018 13:49

Saint-Gobain: invests in its Isover factory in Chemillé
Saint Gobain (EU: SGO)
Intraday Chart of the Action

Today: Friday 26 January 2018
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(CercleFinance.com) - Saint-Gobain has announced that it is investing in a new glass wool production line to be blown at its Isover plant in Chemillé near Angers, a line scheduled to start in mid-2019.

This line is intended to meet the growing demand from the French market for thermal insulation solutions for attics and demonstrates the group's active participation in the energy renovation plan for buildings.

Two other dedicated lines, at Azuqueca in Spain and Vidalengo in Italy, will be operational respectively in spring and autumn 2018. These new lines represent a total investment of € 45 million, most of which will be realized at Chemillé.

[waldron] 19/1/2018 18:59

19/01/2018 | 6:48 p.m.

Zurich (awp) - The recent sharp rise in the share price of Sika could help to find a solution to the dispute over the sale of the company. In an interview with Finanz und Wirtschaft, managing director Paul Schuler believes that this opens up an opportunity for all three parties to win, and that all needs are covered, "perhaps not always 100%".

The heiress family Burkard holds the majority of the voting rights via the family holding company Schenker-Winkler Holding (SWH) and wants to sell to the French group Saint-Gobain. In the beginning, the French offer represented a premium of 80% compared to the course of the time. Currently, the share price is close to 20% above the amount offered.

According to Schuler, the solution could be that Sika remains independent, that the Burkard family sells its stake and earns a good price. "This is the goal we pursue." The Board is ready to make an offer to the Burkard family to sell their stake in the company.

The investors with whom the ECO speaks no longer believe that the transaction will end up as planned for a buyout by Saint-Gobain. In spite of that the action integrates a risk of 10 to 15%, without which the course would be even higher. The goal is to take the single action, which would make even higher the course, according to the boss.

GEOGRAPHICAL EXPANSION TOUCHES ITS LIMITS

Mr. Schuler also notes that the feud with the Burkard family and Saint-Gobain has virtually no influence on business. "Our results show that operational business is very little affected." The management and some other collaborators are naturally always occupied by the file, but this remains in the limits. Without this problem however, Sika would grow even faster.

Geographically, the ECO believes that Sika's expansion is slowly reaching its limits. The group is active in a hundred countries. However, there is still enough potential to gain market share and grow further.

In recent months and years, the group has made several acquisitions of small and large size. On the question of optimal size, Schuler notes that he is rather cautious with small companies that bring in only a few million dollars in sales. The good size is between 20 and 100 million CHF of turnover, but it can also be bigger. There are some companies that would fit well with Sika, he concluded.

uh / cf / rp