Professional
Added to YB: 2024-08-07
Pitch date: 2024-06-30
PHG [bullish]
Koninklijke Philips N.V.
+8.53%
current return
Author Info
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Company Info
Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally.
Market Cap
EUR 23.6B
Pitch Price
EUR 24.53
Price Target
N/A
Dividend
3.43%
EV/EBITDA
13.35
P/E
132.98
EV/Sales
1.69
Sector
Health Care Equipment and Supplies
Category
turnaround
Show full summary:
Artisan Global Value Fund Portfolio Holding: Philips
PHG +30% on $1B sleep apnea settlement. Total costs €3-4B, far less than €25-30B mkt cap drop since 2021 recall. Leading healthcare equip biz, new CEO restructuring for growth/profit. 12x norm P/E vs peers' high teens-low 20s. Attractive post-litigation, added to position.
Read full article (1 min)