Despite being Europe’s biggest stock by market capitalisation Nestle is often thought to be either too boring or too expensive to warrant much attention. We disagree. We think the “expensive” valuation of 18x 2012 earnings does not take into account the balance sheet strength, the likely future compound earnings and dividend growth or the high probability that these growth ambitions will be achieved. Nestle reported its financial results for H1 2012 this morning. These highlighted that 2012 will…
‘Is Nestle the world’s cheapest “safe haven” asset?’
09 Aug 2012
Posted by Barry Norris