Sika


Sika goes bargain hunting with Parex but disappoints on FY18 EBIT guidance

08/01/19 -"Sika goes bargain hunting by acquiring Parex for 8.5x EV/pro forma 2019 EBITDA after synergies, whereas Sika trades at c.15x EV/EBITDA but disappoints on FY18 EBIT guidance as it expects ..."

Pages
53
Language
English
Published on
08/01/19
You may also be interested by these reports :
16/07/19
CRH announced on 16 July 2019 the divestment of the Europe distribution business for good reasons, but we are disappointed as we were expecting a ...

16/07/19
CRH announced today the divestment of the Europe distribution business, for good reasons. But we are disappointed, on our side, as we were expecting ...

20/06/19
A mixed CMD in our opinion: the increased capex guidance means that the company is possibly a bit late in terms of automation and digital ...

14/06/19
Key information: Imerys aims to ramp up organic growth gradually, to reach the underlying market level by 2022. It will generate €100m in expected ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO