Added to YB: 2024-05-28
Pitch date: 2024-03-31
FIE.DE [bullish]
Fielmann Group AG
+5.1%
current return
Author Info
No bio for this author
Company Info
Fielmann Group AG engages in vision care and audiology business in Germany, Switzerland, Austria, Spain, North America, and internationally.
Market Cap
EUR 4.4B
Pitch Price
EUR 40.48
Price Target
N/A
Dividend
2.21%
EV/EBITDA
9.19
P/E
25.53
EV/Sales
1.97
Sector
Specialty Retail
Category
value
Harris Associates International Small Cap Strategy New Position: Fielmann Group AG
FIE.DE: Fielmann, a leading global optical co., trades at discount to intrinsic value. Provides eyewear, contacts, hearing aids & eyecare - steady demand & online-resistant. Near-term headwinds from costs & weak consumer confidence, but defensive biz taking pricing action. Margins pressured by growth investments nearing completion, setting stage for cost control & profitability improvements. Fundamental performance nearing inflection point.
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