Company's Overview Danone is the world's sixth largest consumer sector company by size. It operates in four categories: (i) Dairy (58% of sales'11), (ii) Waters (17% of sales'11), (iii) Child nutrition (19% of sales'11), and (iv) Medical Nutrition (6% of sales'11). The Group is a world leader in dairy products, number two in bottled water and [...]
The Corner analysis | Eurostoxx50: ENI
Company Overview ENI is one of the ten largest oil companies in the world by market capitalization (€63.805 billion). Its main divisions are: (i) Upstream (exploration and production, accounting for 26.5% of sales’11 and 79% of EBIT’11), (ii) Downstream (refining, 46.7% of sales’11, EBIT’11 negative), with a refining capacity of 0.708 M bbl / d and [...]
The Corner analysis | Eurostoxx50: AB InBev
Company’s profile AB InBev is the largest brewer in the world and one of the top 5 companies in the consumer sector by number of brands and ebitda, with a portfolio of over 300 brands and operations in 30 countries. Major global brands of the company are Budweiser, Stella Artois and Scholarships. Additionally, the company has [...]
The Corner analysis | Eurostoxx50: Bayer
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. The company’s products and services are designed to benefit people and improve their quality of life. At the same time Bayer creates value through innovation, growth and high earning power. The Group is committed to the principles [...]
The Corner analysis | Eurostoxx50: SAP
Company Description: SAP is the world leader in software solutions for the business segment, with an estimated quota of 34%, very far ahead of its main competitors (Oracle with a 17% quota and Microsoft with 4%). Its success is based on its main product, mySap , an evolutionary platform that adapts to each industry and allows an integrated [...]
Eurostoxx50: Daimler Chrysler
Description of the company Daimler Chrysler (DAI) is a global car manufacturer with a market share of 5%, leading the luxury car segment with its flagship brand Mercedes Benz. It also builds under this brand high tonnage trucks and it has speciality brands such as Smart and Maybach to serve niche markets. Their sales are divided [...]
Eurostoxx50: Gaz de France Suez
Company Overview Gaz de France Suez is the result of a merger between GDF and Suez in 2008. The company is set up around six divisions: (i) France Energy (6.5% of the EBITDA’11E), the first supplier of gas (Twh 289), second producer and supplier of electricity (34 Twh); (ii) European and International Energy (that supposes 43% of EBITDA’11) [...]
Eurostoxx50: Arcelor
Interesting, after falling 60% in 2011. The stock has fallen 60% in 2011 and is currently trading at post-Lehman levels. In a scenario of moderate growth, the EBITDA for 2012 should reach at least $11.250bn (vs. $12.6bn as the consensus estimate). We do not consider as reasonable current price levels, which we believe are discounting a [...]
Eurostoxx50: France Telecom
We analyse the business performance of France Telecom, its prospects and if the share price represents a buying opportunity in the medium/long term. Company Description France Telecom is the fourth European telecom operator based on market value (€38bn). The company is divided into the following operating divisions: (i) France (48.4% Sales ’10), (ii) Poland (8.2% [...]
