Coty Registered (A) Aktie

Für Coty nicht unbedingt die schlechtesten Nachrichten

https://www.n-tv.de/wirtschaft/der_boersen_tag/Kosmetikfirma-auch-wegen-Kylie-Jenner-und-Rihanna-vor-der-Pleite-article23402292.html

und hier mit Coty-Bezug

https://www.reuters.com/business/retail-consumer/revlon-files-bankruptcy-protection-2022-06-16/ mehr »

0,4B USD FCF pro Jahr werden bis '25 angepeilt, dazu 1B durch das Wella Divestment. Aktuell haben wir eine Market-Cap von 5,78B USD. (5,78B - 1B) / 0,4 B = 5,38

LOreal: 170B USD / 5,654B = 30,07 (habe nur Zahlen genommen, die ich auf die schnelle greifen konnte).

Klar nur ein Verhältnis (welches ich aber gerne heranziehe) und beide Unternehmen sind vom Geschäftsmodell nicht direkt vergleichbar (auch ist die Anlegerstruktur natürlich eine andere). Das Market Cap / FCF Verhältnis finde ich aber dennoch interessant, da es sich nach wie vor um einen Turnaround-Kandidaten handelt. mehr »

Coty Reaffirms Sales and Profit Guidance for Fiscal 2022
June 13, 2022

NEW YORK--(BUSINESS WIRE)-- In conjunction with its presentation and discussions tomorrow June 14th at the Deutsche Bank dbAccess Global Consumer Conference 2022, Coty Inc. (NYSE: COTY) reaffirms its outlook for both 4Q22 and FY22. The Company continues to expect low double digits LFL sales growth in 4Q22, with FY22 LFL sales growth at the upper end of its guidance range of low-to-mid teens. Adjusted EBITDA is expected to be $900M in FY22. Adjusted EPS is on-track to be $0.23-$0.27 for FY22.

A webcast of tomorrow’s discussion at the Deutsche Bank conference will take place at 5:15 AM EST (11:15 CET) and can be accessed on Coty’s Investor Relations website (investors.coty.com).
...
https://investors.coty.com/news-events-and-presentations/news/news-details/2022/Coty-Reaffirms-Sales-and-Profit-Guidance-for-Fiscal-2022/default.aspx mehr »

Gute Einschätzung, katakuna!


Dividende gibt's b.a.w. noch keine, aber...


Coty Announces its Intention to Gradually Recommence Shareholder Returns Alongside Expected Capital Structure Improvement
June 10, 2022

Coty to Continue its Disciplined Deleveraging Trajectory Towards 2x by CY25,
While Starting to Hedge Stock Price for Expected $200 Million Buyback in CY24

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) today announced its intention to gradually return its Equity distributions as deleveraging continues, while also entering into agreements with several banks to start hedging a planned $200 million share buyback program in calendar 2024.

Having made substantial progress in lowering its leverage from ~7x exiting FY21 to 4.7x exiting 3Q FY22, or approximately 3.6x when factoring in the value of its retained 26% stake in Wella, Coty anticipates continued strong free cash flow generation and steady deleveraging progress in the coming years.

As Coty progresses on its trajectory to reach its targeted leverage of approximately 2x by calendar 2025, this will open opportunities for Coty to gradually recommence shareholder distributions, within the scope of the Company’s financial policy. Coty has therefore entered into total return swaps in respect of its Class A Common Stock with several banks to hedge its potential exposure at around prevailing stock price trading levels over the applicable hedging periods for a planned $200 million share buyback program. Any total return swap settled in shares would be covered by the Company’s existing share repurchase authorization.

Laurent Mercier, Coty’s Chief Financial Officer, stated, “Our strategy for unlocking value expansion in Coty has remained consistent, anchored on three key objectives: accelerating our sales and profit growth, deleveraging our balance sheet, and simplifying our capital structure.

The last 2 years of strengthened operational performance and the de-risking of the capital structure, including both deleveraging and eliminating re-financing risk by extending the debt maturity profile, allow us to look conservatively towards the future and plan for shareholder distributions in calendar 2024. Today’s announcement underscores the progress we have made across each of these objectives, and our conviction in the levers at our disposal to deliver strong EBITDA and cash flow in the coming years in a variety of economic scenarios. As we continue to strengthen our balance sheet, while paving the way for shareholder value creation, it is clear that Coty is becoming a beauty powerhouse.”
...
https://investors.coty.com/news-events-and-presentations/news/news-details/2022/Coty-Announces-its-Intention-to-Gradually-Recommence-Shareholder-Returns-Alongside-Expected-Capital-Structure-Improvement/default.aspx


becoming a beauty powerhouse

Klingt interessant!
Auch wenn die "Champions-League" von Estee Lauder, L'Oreal oder Shiseido noch etwas entfernt ist.
Schaun mer mal...

Freundliche Grüße
supernova mehr »

https://investors.coty.com/news-events-and-presentations/news/news-details/2022/Coty-Reports-3Q22-Sales-Growth-Ahead-of-Expectations-and-Progress-Across-All-Metrics/default.aspx
...
Commenting on the operating results, Sue Y. Nabi, Coty's CEO, said:
...
"Our Q3 earnings mark the seventh consecutive quarter of Coty reporting results inline to ahead of expectations. I am extremely proud of the organization for delivering these results, and outperforming the overall beauty market, in an increasingly volatile environment. This confirms that Coty has the brands and the people to win in the beauty market, guided by our strategic priorities of delivering above-market sales growth and expanding gross margin, allowing for brand reinvestment, profit expansion and continued deleveraging.
...

Freundliche Grüße
supernova mehr »