The silent king of FMCG with a return on capital that L'Oréal can envy

This company is synonymous with a "boring" stock for many investors. But in fact, it is an example of disciplined capital allocation, steady organic growth and profitability that in many ways outperforms even its more famous competitors. This analysis provides a comprehensive look at a company that most retail investors overlook - and yet shouldn't.

Imagine a company that is more than 140 years old, has a global reach, strong brands ingrained in the minds of consumers, and yet almost never appears on the front pages of investment magazines. At a time when the markets gobble up Tesla's or Nvidia's every move, there is a different - quiet but extremely consistent - story unfolding in Hamburg. The story of a company that generates billions in cash flow, invests in research, doesn't get into debt and keeps growing.

It can serve as an anchor in a portfolio with quality exposure to the consumer sector without cyclical swings. It won't grab headlines but will quietly work to the investor's…

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Prvních 7 dní zdarma - Poté 499,- měsíčně
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