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): 3,383
Equiv. Shares (M): 153

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 22.090 $ 21.830 $ 22.310 $ 21.660 $ 21.540 578,170 $ 0.550  2.553 %

Current Broker Consensus Recommendation more
Recommendation: Sell (3.6667)
Recommendation Date: 18th Dec 2014
Brokers Surveyed: 3

Company Overview

Business Description:
Ansell Limited (ANN) is a global provider of health and safety protection solutions. ANN designs, develops, manufactures and distributes a range of surgical, examination, industrial and household gloves, protective clothing and condoms. Currently, ANN operates four main business divisions which are medical, industrial, single use and sexual wellness.

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 (%)
2016  F 244.1 159.7 21.3 13.5 55.6 2.6 0.0
2015  F 201.2 131.6 20.5 16.4 48.9 2.3 0.0
2014  A 156.9 109.2 2.9 17.7 39.0 2.0 0.0
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Ansell (ANN) $3,299 M 0.1120 0.1367 0.1265 18.5882 16.3529 14.5168 1.92 2.24 2.54

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ANN 0.61 17.9 2.83 1.36 1.88
Market 0.90 15.0 1.19 1.94 1.48
Sector 0.66 18.2 2.48 1.66 1.90

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 Andrew 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 Chairman 12 September 2005

Management
Name Position
Alistair Grant Associate General Counsel Asia Pacific,Company Secretary
Peter Dobbelsteijn Chief Commercial Officer EMEA and APAC region and Ansell Global Guardian
Mike Mattos Chief Commercial Officer North America region
Scott R Corriveau President Industrial GBU
Anthony Lopez President Medical GBU and Chief Commercial Officer LAC region
Joe Kubicek President Single Use GBU
Neil Salmon Senior Vice President and Chief Financial Offer
Steve Genzer Senior Vice President Global Supply Chain Operations
William Reilly Senior Vice President, Corporate General Counsel,Company Secretary

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

Calendar of Events
Date Event
11 September 2015 Report (Annual)
17 August 2015 Report (Prelim)
16 February 2015 Report (Interim)
© 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 Optimising Your Portfolio

An educational booklet that will point out what you need to know to use options effectively for additional income and risk management.

More details...

News

Markets melt up

By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 | Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.

Aussie Investors take their foot off the accelerator

By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 | Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.

Fed Feeds Frenzy

By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 | In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.

Household brands Woolworths and Telstra Heavy Lifting

By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 | Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.

Steady open as Woodside investors wait on details of possible Wheatstone acquisition

By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 | Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.

MYEFO and Lima - December could be nasty.

BR Securities Australia Pty Ltd 2/12/2014 | December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.

More...


Sponsored Links