Opinions
Paul Harris, CFA
EssilorLuxottica
ESLOY-OTC
TOP PICK
Jul 22, 2021
$181.270
Stock price when the opinion was issued
Healthcare
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TOP PICK
price target N/A The global leader in optical frames, lens and sunglasses. The eyewear business is long-term resilient and will grow. A great demographic play, too. Over the last two years, screen use has soared and has caused a lot of eye problems. They bought Grand Vision, which is transformational in a digital way. Pays a 2.3X dividend. Strong balance sheet and cash flow growth will rise.
Healthcare
PAST TOP PICK
(A Top Pick Aug 24/21, Down 19%) It is a leader in the design, manufacturing and distribution of lenses, frames and sunglasses. Has a great balance sheet and should have good growth for the next few years. It acquired Grand Vision, mostly European, which changed the dynamics of the company and helps them to have a broader digital component. Has a 2.3% dividend.
Healthcare
TOP PICK
Lenses plus frames. Has a lock on the whole value chain. Purchase of Grant Vision will dramatically change its business over the next several years. Use of lenses has increased because of aging demographics plus faster eye deterioration from computer screens. Also a fashion statement. Great technology. Yield is 1.7%.
(Analysts’ price target is $109.40)
Healthcare
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Largest global designer, manufacturer, distributor of lenses in the world. Also does frames and sunglasses. These businesses are resilient and have strong growth going forward. Owns franchises such as LensCrafters and Ray-Ban. GrandVision acquisition will be important. Great balance sheet. Yield is 0.71%.