Compagnie De Saint-gobain Share Discussion Threads

[florenceorbis] 26/7/2019 12:21

PARIS (Agefi-Dow Jones) - Analysts at Bryan Garnier have raised their recommendation on Saint-Gobain from "neutral" to "buy" after the more marked improvement than expected in the group's operating margin in the first half. "Apart from the high-performance materials, penalized by a high comparable and the Americas division, all divisions have significantly higher margins, especially in European areas," said the financial intermediary. In addition, "the implementation of the cost reduction plan is faster than expected," says Bryan Garnier. The comments of Saint-Gobain officials in its main markets were positive, even the environment should be less favorable in the second half, say analysts, who maintain their target price to 47 euros. Saint-Gobain shares gained 2.9% to 36.28 euros. ([e-mail]) ed: ECH


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July 26, 2019 05:19 ET (09:19 GMT)

[waldron] 19/7/2019 04:34

18/07/2019 | 10:41
Goldman Sachs began monitoring the Saint-Gobain share with a first buying advice, highlighting the transformation of the group of building materials and its low valuation. The price target of 42 euros potentially augurs a rise of 23%.

The analysts first put forward savings measures put in place by management, which should result in an increase in operating income. Goldman Sachs also notes the 'transformation' that Saint-Gobain is experiencing, which involves the sale of underperforming distribution assets.

Finally, the value of the 2020 PER, which according to Goldman Sachs forecasts is 10 times, presents a discount of around 30% both historically and relative to comparable values.

[waldron] 19/7/2019 04:16

PARIS (Agefi-Dow Jones) - Construction materials manufacturer Saint-Gobain has entered into exclusive negotiations with the Frans Bonhomme group to sell the French company Distribution de Matériaux pour les Travaux Publics (DMTP) for a value of company of 70 million euros.


Specialized in the distribution of mainly concrete products for public works, civil engineering and infrastructure in France, DMTP achieved in 2018 a turnover close to 250 million euros, for an operating result of nearly 3 million euros.


This project could be finalized in the fourth quarter of 2019 or the first quarter of 2020, the group said.


Saint-Gobain, which has set itself a sales target of more than € 3 billion in revenue by the end of 2019, has already completed or signed divestments representing an activity exceeding 2.8 billion euros.


-Eric Chalmet, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO


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July 18, 2019 12:35 ET (16:35 GMT)

[waldron] 18/7/2019 07:39

Saint Gobain: Goldman Sachs resumes its a BUY recommedation and a target of 42 EUR

[grupo] 17/7/2019 08:08

France's Compagnie de Saint-Gobain SA (SGO.FR) said Wednesday that it has appointed Maud Thuaudet as vice president for corporate strategy as of Sept. 3.

Ms. Thuaudet will replace Julie Bonamy, who will become chief executive of the construction-materials company's business in Indonesia, Malaysia and Singapore.

Ms. Thuaudet is currently serving as telecommunications program director at aerospace company Thales Alenia Space.



Write to Kim Richters at [e-mail]



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July 17, 2019 02:41 ET (06:41 GMT)

[ariane] 16/7/2019 11:23

Summary

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.

Strengths

The group usually releases upbeat results with huge surprise rates.

The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.64 for the 2019 fiscal year.

With a P/E ratio at 10.34 for the current year and 9.42 for next year, earnings multiples are highly attractive compared with competitors
.
The company is one of the best yield companies with high dividend expectations.

For the last week, the earnings per share forecast has been revised upwards.

According to recent estimates, analysts give a positive overview of the stock

For the last few months, EPS revisions have remained quite promising.

Analysts now anticipate higher profitability levels than before.


Weaknesses

According to forecast, a sluggish sales growth is expected for the next fiscal years.

The company sustains low margins.

[waldron] 15/7/2019 07:54

07/12/2019 | 11:56
purchase
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.

[la forge] 02/7/2019 19:08

Schneider Electric. JPMorgan raises its price target from 80 to 82 EUR and confirms its opinion "overweight"
Saint Gobain. Jefferies reiterates its advice "underperform" but revises upward its target price from 27.6 to 28 EUR.

[florenceorbis] 01/7/2019 08:33

Compagnie de Saint-Gobain SA (SGO.FR) said Monday that it will begin applying the new IFRS 16 accounting standard, retroactive to Jan. 1, 2018.

The French construction-materials company said it expects the impact of the new standard at the Jan. 1, 2019, transition date will be 3.01 billion euros ($3.42 billion) on debt and EUR2.74 billion on right-of-use assets.

The shift to IFRS 16 also means the company will restate its 2018 financial statements, it said.

Saint-Gobain said it expects the new standard will result in earnings before interest, taxes, depreciation and amortization increasing by EUR787 million for 2018, while operating income will increase by EUR85 million.

IFRS 16 aligns the accounting treatment of operating leases with that of finance leases, and its impact on Saint-Gobain's financial statements arises chiefly from leases of property assets, according to the company.



Write to Patrick Costello at [e-mail].



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July 01, 2019 02:51 ET (06:51 GMT)

[grupo] 26/6/2019 07:15

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 [e-mail]. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.

[grupo] 24/6/2019 08:45

google translation from french

20/06/2019 | 6:37 p.m.

Le Bourget (awp / afp) - The Saint-Gobain group aims to double its sales of products for the aviation sector in five to six years, said Thursday the general manager of the pole "High Performance Solutions" Laurent Guillot.

The aeronautics markets "grow very, very fast," Guillot said during a meeting with the press at the Paris Air Show.

"The goal is to double the turnover by five, six years," he said, adding that sales of aerospace products currently totaled about 250 million euros within his company.

"We can be very ambitious, which means to participate in the growth of the Saint-Gobain group," he added.

Over the last three years, High Performance Solutions, which account for 7.4 billion euros (18% of the group), have achieved average organic growth of 6% per year.

In comparison, the only aeronautical activity experienced 15% growth in the first half of the year, Guillot said.

"This is really one of the vectors on which we invest (...) in R & D and acquisitions," he continued. Saint-Gobain has made one acquisition a year in aeronautics over the past five years.

"This is a very attractive growth market" that uses "the most demanding applications" and with innovations that "irrigate the group", said the CEO of Saint-Gobain Pierre-André de Chalendar.

"We immediately saw significant commercial synergies, which opens up contacts with aerospace customers and gives Saint-Gobain a big effect in this market," said de Chalendar.

Saint-Gobain manufactures windshields that equip major aircraft manufacturers, military aircraft, business jets and helicopters, and provides airlines with replacement parts.

The group also supplies radomes, elements that protect antennas on aircraft, as well as a range of seals for aircraft engines or rocket fuel tanks.

The High Performance Solutions division is the result of the group's reorganization at the beginning of the year, with locally managed construction products by country, and all the world-wide technological products on the one hand. .

The high-performance division spends € 300 million a year on research and development, or about half of the group's R & D.

afp / rp

[grupo] 24/6/2019 08:15

Saint-Gobain: continuation of the rebound (4058T)

Our Preference: As long as 32.99 is support, we expect a rise to 37.2.
Call adapted: strike: 35 - maturity: 3/18/2020 - bid / ask: 0.44 / 0.444 - delta: ND - Kilovar: 200 - Mnemo: 4058T

Swivel: 32.99

Alternative scenario: Only the breakout of 32.99 will invalidate our scenario. In this case, a correction towards 31.97 should emerge.
Put adapted: strike: 35 - maturity: 12/18/2019 - bid / ask: 0.648 / 0.656 - delta: ND - Kilovar: 300 - Mnemo: 4005T

[grupo] 16/6/2019 08:59

Saint Gobain. Morgan Stanley reduces from "overweight" to "online weighting," while lowering its price target from 39.2 to 37.5 euros.

[grupo guitarlumber] 14/6/2019 18:53

PARIS (Agefi-Dow Jones) - Construction materials producer Saint-Gobain announced Friday that it has canceled 6 million treasury shares bought on the market. The total number of shares making up the capital now stands at 546.6 million shares, the group said in a statement. ([e-mail]) ed: VLV


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June 14, 2019 12:08 ET (16:08 GMT)

[ariane] 13/6/2019 14:49

invest.fr | The 06/13/19 at 09:37 | Updated on 13/06/19 at 09:58
Morgan Stanley lowered both its opinion and its target course on the building materials specialist.

Saint-Gobain victim of Morgan Stanley |


Bottom of the classification of CAC 40, Thursday, the title Saint-Gobain, which loses 0.84% ​​to 33.21 euros, suffered the counter shock of a deterioration of Morgan Stanley. The broker went from "overweight" to "online weighting", while lowering its price target from 39.2 euros to 37.5 euros.

While the construction materials giant is exposed to attractive end markets, mainly in Europe and North America, its bullish potential is limited by a bad cash conversion - it is on average 18% over the last three years, compared to 39% in the sector - and a mixed performance of portfolio management, says Morgan Stanley analyst, who identifies better opportunities, such as CRH and LafargeHolcim.

[waldron] 12/6/2019 07:12

Saint-Gobain: Jefferies remains with underperform and ups target from 27.20 to 27.60 EUR.

[the grumpy old men] 11/6/2019 19:02

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.

[the grumpy old men] 10/6/2019 09:07

10/06/19 Final EX dividend