Ansell Limited (ANN)



Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!


General Information
Company Name: Ansell Limited
Stock Code: ANN
Website: www.ansell.com
GICS Sub-Industry: Health Care Supplies
Market Cap ($M): 2,868
Equiv. Shares (M): 153

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 18.870 $ 18.750 $ 19.000 $ 18.650 $ 18.750 302,420 $ 0.120  0.640 %

Current Broker Consensus Recommendation more
Recommendation: Sell (3.6667)
Recommendation Date: 25th Jul 2014
Brokers Surveyed: 3

Company Overview

Business Description:
Ansell Limited (ANN) is a global provider of health and safety protection solutions, with operations in the Americas, Europe and Asia. ANN designs, develops, manufactures and markets a range of surgical, examination, industrial and household gloves, protective clothing and condoms. ANN's operations consist of four global business units (GBU) including medical, industrial, specialty market and sexual wellness GBUs.

Strategy Analysis:
ANN is focused on developing new and innovative products, new distribution channels and growing market share. Cost cutting, manufacturing rationalisations, and shifting its portfolio of products towards higher margin items aim to offset input cost pressures. ANN is shifting away from producing commoditised products with no pricing power to producing patentable products which avoid the commodity trap. Revenue growth is typically modest, in response ANN looks for new emerging markets, such as China and Eastern Europe for sales. ANN is also mindful of the necessity to invest in research and development in order to develop more patentable products, such as the highly successful Hyflex range. Ansell reported NPAT down 15.3% to $55.0m for the half-year ended 31 December 2012. Revenues from ordinary activities were $627.9m, up 5.1% from the same period last year. Diluted EPS was 41.8 cents compared to 49.2 cents last year. The net operating cash inflow was $44.8m compared to an outflow of $16.7m in the pcp. The interim dividend declared was 16 cents compared with 15 cents last year.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2015  F 206.6 133.3 8.0 14.1 46.7 2.5 0.0
2014  F 176.5 123.4 16.3 15.2 13.3 0.7 0.0
2013  A 139.4 106.1 4.7 14.8 36.6 2.3 0.0
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F
Ansell (ANN) $2,875 M 0.0535 0.1236 0.1490 18.0422 16.0574 13.9746 0.0202 0.0189 0.0250

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ANN 0.70 16.0 3.00 1.18 1.84
Market 0.99 16.7 1.26 2.13 1.66
Sector 0.72 19.3 2.82 1.51 2.53

Directors
Name Position Start Date
Mr Magnus Ranae Nicolin Chief Executive Officer,Managing Director 01 March 2010
Mr William Peter Day Non-Executive Director 20 August 2007
Mr Ronald J Bell Non-Executive Director 09 August 2005
Mr L (Dale) Crandall Non-Executive Director 11 October 2002
Ms Marissa T Peterson Non-Executive Director 22 August 2006
Mr John Bevan Non-Executive Director 01 August 2012
Mrs Annie Lo Non-Executive Director 01 January 2013
Mr Glenn Lawrence Lord Barnes Non-Executive Director,Non-Executive Deputy Chairman 12 September 2005

Management
Name Position
Alistair Grant Associate General Counsel Asia Pacific,Company Secretary
William Reilly General Counsel,Joint Company Secretary
Scott R Corriveau President and General Manager - Industrial GBU
Anthony Lopez President and General Manager - Medical GBU and LAC Region
Peter B Carroll President and General Manager - Sexual Wellness GBU
Thomas Draskovics President and General Manager - Specialty Markets GBU
Steve Genzer Senior Vice President - Operations
Rustom F Jilla Senior Vice President and Chief Financial Officer

Substantial Shareholders
Holding Name
12,929,626 (9.89%) Lazard Asset Management Pacific Co
9,340,208 (7.15%) FMR LLC and FIL (formerly FMR Corp and FIL)
23,973,737 (18.01%) M&G Group
9,450,104 (7.23%) Matthews International Capital Management LLC

Calendar of Events
Date Event
16 February 2015 Report (Interim)
18 September 2014 Report (Annual)
19 August 2014 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investment Fees

An educational booklet to help you find out everything you must know about investment fees.

More details...

News

Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.

More...


Sponsored Links