EL.PA - EssilorLuxottica Societe anonyme

Paris - Paris Delayed price. Currency in EUR
140.60
+1.60 (+1.15%)
At close: 5:35PM CET
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Previous close139.00
Open140.75
Bid0.00 x 0
Ask0.00 x 0
Day's range139.65 - 140.95
52-week range95.50 - 142.30
Volume640,324
Avg. volume562,824
Market cap61B
Beta (5Y Monthly)0.57
PE ratio (TTM)42.83
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield2.04 (1.47%)
Ex-dividend date2019-05-21
1y target estN/A
  • Has EssilorLuxottica Société anonyme (EPA:EL) Improved Earnings Growth In Recent Times?
    Simply Wall St.

    Has EssilorLuxottica Société anonyme (EPA:EL) Improved Earnings Growth In Recent Times?

    When EssilorLuxottica Société anonyme (ENXTPA:EL) announced its most recent earnings (30 June 2019), I did two things...

  • Ray-Ban Billionaire Is Getting Into Banking
    Bloomberg

    Ray-Ban Billionaire Is Getting Into Banking

    (Bloomberg Opinion) -- Leonardo Del Vecchio’s sudden emergence as the biggest shareholder of Mediobanca SpA, Italy’s best-known investment bank, is fueling speculation of an even bigger shakeup in the country’s financial industry. The lender’s promise to pursue cautious growth looks vulnerable to a push for deeper change.Exactly what the eyewear billionaire has in mind for his 10% stake isn’t yet clear. Media reports suggest the 84-year-old Italian wants to lift his holding to as much as 20%, a huge undertaking — and not just financially. Considerable effort would be needed to obtain European Central Bank approval to own more than 10%. Del Vecchio must have grand ambitions.What’s more, the tycoon is not the best of friends with Mediobanca’s chief executive officer Alberto Nagel. The two have been at odds since a proposed investment by Del Vecchio in a Milan hospital was reportedly blocked by Nagel.Del Vecchio's recent comments appear critical of the Mediobanca boss. He hit a nerve by suggesting the bank might do better by expanding more aggressively in investment banking and relying less on income from its consumer finance business and its holding in the giant insurer Assicurazioni Generali SpA.UniCredit SpA, Italy’s biggest bank, could previously call the shots at Mediobanca before selling its own holding in the bank last week. That position let it wield influence over Generali too. Now the question is what Del Vecchio wants to do with the stake. He has also acquired a holding in Generali directly.While investors are right to fret about the peculiarities of Italian corporate governance, where minority shareholders can control the boardroom for their own interests, as a smart outsider Del Vecchio has spurred a useful debate. Mediobanca said on Tuesday that it wants to keep its 13% Generali stake until it finds an acquisition in wealth management that it needs to fund, and that he feels an obligation to keep it in Italian hands. But is it really a must have?At 4 billion euros ($4.4 billion), the value of the holding is far larger than what the bank might need for a rainy day. Proceeds from a sale could accelerate investment in more promising businesses such as private banking to generate higher returns — or they could be given back to shareholders. Or Nagel could do a bit of both. Under his four-year growth plan, Mediobanca sees returns on allocated capital in wealth management of 25% compared to 11% from Generali. Maybe it does make sense to shift more capital to the former.In fairness, that four-year strategy unveiled by Nagel this week should let the company build on its success in investment banking, consumer finance and wealth management. Mediobanca expects to bolster profitability to an 11% return on tangible equity from 10% and to boost investor payouts by 50% over the four years. Against a backdrop of Italian banks plagued by bad debt and an industry in Europe that’s mostly shrinking, Nagel deserves credit for dodging risky loans and focusing on the right businesses.Overall, Nagel is counting on average revenue growth of 4% and doubling the contribution to profit from wealth management by growing organically. But he’s still relying on returns from Generali too: The stake contributes one-third of income.It’s possible that Del Vecchio, who wields huge power at the eyewear giant EssilorLuxottica SA, will grow frustrated with the complications of investing in finance. Regulation has kept activist investors away from banking mostly. Even if he doesn’t stick around, Nagel may find his plans need to change.To contact the author of this story: Elisa Martinuzzi at emartinuzzi@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. She is a former managing editor for European finance at Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Should We Worry About EssilorLuxottica Société anonyme's (EPA:EL) P/E Ratio?
    Simply Wall St.

    Should We Worry About EssilorLuxottica Société anonyme's (EPA:EL) P/E Ratio?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • How Much Of EssilorLuxottica Société anonyme (EPA:EL) Do Institutions Own?
    Simply Wall St.

    How Much Of EssilorLuxottica Société anonyme (EPA:EL) Do Institutions Own?

    The big shareholder groups in EssilorLuxottica Société anonyme (EPA:EL) have power over the company. Insiders often...

  • Is EssilorLuxottica Société anonyme's (EPA:EL) CEO Salary Justified?
    Simply Wall St.

    Is EssilorLuxottica Société anonyme's (EPA:EL) CEO Salary Justified?

    The CEO of EssilorLuxottica Société anonyme (EPA:EL) is Hubert Sagnières. First, this article will compare CEO...

  • Ray Bans maker Essilorluxottica sees growing demand,  for glasses driving sales, profits to 2023
    Reuters

    Ray Bans maker Essilorluxottica sees growing demand, for glasses driving sales, profits to 2023

    Growing demand for vision correction should boost sales of Ray Bans and other eyeglasses, EssilorLuxottica SA said on Wednesday, with profits also driven by cost cuts of up to 600 millions euros (£527.71 million) a year from 2022 following the merger of French lenses specialist Essilor and Italian spectacles maker Luxottica. EssilorLuxottica is targeting mid-single digit sales growth at constant exchange rates for the next five years, it said in a presentation on the company website ahead of an investor day in London. In 2018, sales at EssilorLuxottica were up 3.2% at 16.1 billion euros.

  • Shareholders Should Look Hard At EssilorLuxottica Société anonyme’s (EPA:EL) 4.4% Return On Capital
    Simply Wall St.

    Shareholders Should Look Hard At EssilorLuxottica Société anonyme’s (EPA:EL) 4.4% Return On Capital

    Today we'll evaluate EssilorLuxottica Société anonyme (EPA:EL) to determine whether it could have potential as an...

  • Investors Who Bought EssilorLuxottica Société anonyme (EPA:EL) Shares Five Years Ago Are Now Up 64%
    Simply Wall St.

    Investors Who Bought EssilorLuxottica Société anonyme (EPA:EL) Shares Five Years Ago Are Now Up 64%

    When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...

  • Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica - sources
    Reuters

    Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica - sources

    Third Point, run by billionaire investor Daniel Loeb, is targeting EssilorLuxottica amid a power struggle inside the world's largest lenses and glasses manufacturer, following its formation last year through a 48 billion euro ($53 billion) merger of France's Essilor and Italy's Luxottica. Billed as a merger of equals, it degenerated into a battle over control between Luxottica's founder Leonardo Del Vecchio and Essilor's chief Hubert Sagnieres.

  • EssilorLuxottica Société anonyme (EPA:EL) Seems To Use Debt Quite Sensibly
    Simply Wall St.

    EssilorLuxottica Société anonyme (EPA:EL) Seems To Use Debt Quite Sensibly

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • EssilorLuxottica sets sights on retail dominance with $8 billion GrandVision deal
    Reuters

    EssilorLuxottica sets sights on retail dominance with $8 billion GrandVision deal

    EssilorLuxottica is buying Dutch opticians group GrandVision for up to 7.2 billion euros ($8 billion) in cash to take control of thousands of stores where it sells spectacles and lenses. The deal marks a new milestone for EssilorLuxottica, which was formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, but which has been hit by disputes over who should run the group. GrandVision, whose chains include Vision Express in Britain and For Eyes in the United States, would give EssilorLuxottica control of more than 7,000 outlets across the world where it already sells brands including Varilux lenses and Ray-Ban sunglasses.

  • EssilorLuxottica Société anonyme (EPA:EL): Poised For Long Term Success?
    Simply Wall St.

    EssilorLuxottica Société anonyme (EPA:EL): Poised For Long Term Success?

    Looking at EssilorLuxottica Société anonyme's (EPA:EL) earnings update in December 2018, analyst consensus outlook...

  • Is EssilorLuxottica Société anonyme (EPA:EL) Worth €119 Based On Its Intrinsic Value?
    Simply Wall St.

    Is EssilorLuxottica Société anonyme (EPA:EL) Worth €119 Based On Its Intrinsic Value?

    Does the July share price for EssilorLuxottica Société anonyme (EPA:EL) reflect what it's really worth? Today, we will...

  • You Have To Love EssilorLuxottica Société anonyme's (EPA:EL) Dividend
    Simply Wall St.

    You Have To Love EssilorLuxottica Société anonyme's (EPA:EL) Dividend

    Dividend paying stocks like EssilorLuxottica Société anonyme (EPA:EL) tend to be popular with investors, and for good...

  • EssilorLuxottica Société anonyme (EPA:EL): A Fundamentally Attractive Investment
    Simply Wall St.

    EssilorLuxottica Société anonyme (EPA:EL): A Fundamentally Attractive Investment

    Attractive stocks have exceptional fundamentals. In the case of EssilorLuxottica Société anonyme (EPA:EL), there's is...

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