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Reckitt Benckiser Group(RB.)

Sector:

Household Goods

Index:

FTSE 100

Market Cap

£17,987m

Change Today

Price Down-72.00p

Share Price

2,532.00p

RB. Overview

Reckitt and Benckiser both began life in the 19th century eventually merging over 100 years later in 1999 to become the world’s largest household cleaning products group. Over half the group’s revenues are generated from its Fabric Care and Surface Care divisions, with the majority of its business centred in Western Europe. In 2005 Reckitt added the Nurofen, Strepsil and Clearasil brands to its portfolio with the £1.9bn acquisition of Boots Healthcare International.

1 Day Chart (04-Jul-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 2.2% 2.4%
Div Cover 2.3 2.4
Op Mrgn 23.4% 22.4%
ROCE -597.6%  

Valuation

Latest F'cast
P/E 20.0 17.1
PEG 1.2 1.0
Pr/Revenue 3.4 2.9
Pr/Book 7.5  

Growth

Latest F'cast
Revenue 7.0% 17.0%
PBT 38.3% 14.4%
EPS 16.0% 16.7%
DPS 20.9% 12.0%

RB. Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a3,713.00 a660.00 69.20p 18.3 1.0 +19% 28.00p 2.2%
31-Dec-04 3,871.00 758.00 80.70p 19.5 1.1 +17% 34.00p 2.2%
31-Dec-05 4,179.00 876.00 92.00p 20.9 1.5 +14% 39.00p 2.0%
31-Dec-06 4,922.00 874.00 109.10p 21.4 1.1 +19% 45.50p 1.9%
31-Dec-07 5,269.00 1,209.00 126.60p 23.0 1.4 +16% 55.00p 1.9%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

RB. Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 6,165.10 1,383.49 147.68p 17.1 1.0 +17% 61.59p 2.4%
31-Dec-09 6,592.34 1,555.45 164.88p 15.4 1.3 +12% 68.91p 2.7%

Covering analysts: ABN AMRO, Bernstein Research, Bordier & Cie, CA Cheuvreux, Collins Stewart, Credit Suisse, Deutsche Bank Research, Goldman Sachs, ING Wholesale Banking, Investec Securities, JP Morgan, Merrill Lynch, Morgan Stanley, Natixis Securities, Oddo Securities, Panmure Gordon, Société Générale, UBS

RB. Company Announcements

Total Voting Rights 30-Jun-2008 16:47 PR Newswire
Transfer of Treasury Shares 27-Jun-2008 17:30 PR Newswire
Transaction in Own Shares 26-Jun-2008 16:51 PR Newswire

RB. ShareCast News

London close: Footsie deep in the red 01-Jul-2008 ShareCast
London afternoon: Tough day for Footsie 01-Jul-2008 ShareCast
London midday: Retreat on a broad front 01-Jul-2008 ShareCast

RB. Top Newspaper Links

Wal-Mart was whistleblower in OFT's supermarket ... 04-May-2008 Sunday Telegraph
Reckitt Benckiser cleans up with great first qua... 25-Apr-2008 Times
Sorry Darling, No1 pub chain's barred you now 25-Apr-2008 Sun

Latest RB. Director Deals

Traded Action Notifier PriceAmountValue
25-Jun-08 Exercise of option Bart Becht 704.00p 637,000 £4,484,479.98
30-May-08 Transfer To Bart Becht 0.000p 330,000 £0.00
30-May-08 Exercise of option Bart Becht 704.00p 330,000 £2,323,199.99

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

RB. Market Data

Currency UK Pounds
Share Price 2,532.00p Price Down
Change Today -72.00p
52 Week High 3,010.00p
52 Week Low 2,447.00p
Volume 1,654,090
Shares Issued 710.38m
Market Cap £17,987m
Beta 0.55
RiskGrade 107

RB. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.3% below the market average98.3% below the market average98.3% below the market average98.3% below the market average98.3% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
58.32% above the market average58.32% above the market average58.32% above the market average58.32% above the market average58.32% above the market average
87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average
Income
76.43% below the market average76.43% below the market average76.43% below the market average76.43% below the market average76.43% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
18.24% below the market average18.24% below the market average18.24% below the market average18.24% below the market average18.24% below the market average
57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average

What The Brokers Say

Strong Buy 10
Buy 5
Neutral 5
Sell 0
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RB. Dividends

  Latest Previous
  Final Interim
Ex-Div 27-Feb-08 08-Aug-07
Paid 29-May-08 27-Sep-07
Amount 30.00p 25.00p

Trades for 04-Jul-2008

Time Volume / Share Price
16:35 169,932 @ 2,532.00p
16:29 216 @ 2,531.00p
16:29 850 @ 2,531.00p
16:29 1,262 @ 2,531.00p
16:29 242 @ 2,531.00p

RB. Key Personnel

CFO Colin R Day
CEO Lambertus H J Becht
CEO Bart Becht

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