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Reckitt Benckiser Group

  RB/ LN

Home Prod & Detergents, Others Foo...
 /  UK 
Suboxone hazards
Updates
29/07/2010Earnings/sales releasesQ2 results: sales +10% (4% volume, p...
28/05/2010Earnings/sales releasesQ1 10: sales +5% (+6% at CER). The ...
23/04/2010Earnings/sales releasesA/ FY09: sales +18% (+8% at CER, +...
09/11/2009Earnings/sales releasesQ3 results: sales +15% (+7% at CER),...
25/08/2009Earnings/sales releasesH109 results: continued sustained sal...
13/05/2009LatestQ1 09: sales +27% (+8% at CER); op...
Summary Key Data
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 17.2 14.3
Dividend yield (%) 2.95 3.57
EV/EBITDA (x) 12.6 9.98
AlphaValue EPS (p) 158 195
Dividend (p) 80.0 100
Sales (£M) 6,563 7,753
EBITDA (£M) 1,629 2,012
Attributable net profit (£M) 1,120 1,418
ROE (after tax) (%) 39.5 38.8
ROCE (%) 17.8 24.4
Gearing (%) 20.1 11.8
Next Div. Indic 105 p payment
Target
Price (p) 3,376
Market Cap (£M) 24,473
Perf. 1W: 1.75 %
Perf. 1M: 8.66 %
Perf. 3M: 7.48 %
Perf Ytd: 0.60 %
Rating
  • Strong momentum corresponding to a continuous and overall positive moving average trend confirmed by volumes
  • Relatively good momentum corresponding to a positively-oriented moving average, but offset by an overbought pattern or lack of confirmation from volumes
  • Relatively unfavorable momentum with a neutral or negative moving average trend, but offset by an oversold pattern or lack of confirmation from volumes
  • Strongly negative momentum corresponding to a continuous and overall negative moving average trend confirmed by volumes
VALUE
RISK
GOVERNANCE
RANKING
Best
Worst
Businesses & Trends
RB is a leader in the household and personal care (HPC) market. Its strategy aims to enhance the market position of its 18 major br... Read More
Money Making
Operating profit growth is driven by the household and health & personal care division (89% of sales, 76% of operating profit), con... Read More
Valuation
We give RB a premium of 15% for P/E, thanks to its stronger growth and its positioning in the OTC market; a premium of 20% for E... Read More
Analyst: Armelle Moulin
Concepts
Business concepts
  • Brand name
  • CF funded capacity exp...
  • Structural growth
Investment Concepts
  • Acquisition based growth
  • Free cash flow story
  • One share, no vote
Story Trigger
  • M&A related
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