Latest news with #NAN
Yahoo
02-06-2025
- Business
- Yahoo
Are Nanosonics Limited's (ASX:NAN) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
It is hard to get excited after looking at Nanosonics' (ASX:NAN) recent performance, when its stock has declined 8.6% over the past month. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. In this article, we decided to focus on Nanosonics' ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Nanosonics is: 8.8% = AU$17m ÷ AU$189m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each A$1 of shareholders' capital it has, the company made A$0.09 in profit. See our latest analysis for Nanosonics We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. On the face of it, Nanosonics' ROE is not much to talk about. However, given that the company's ROE is similar to the average industry ROE of 9.9%, we may spare it some thought. Even so, Nanosonics has shown a fairly decent growth in its net income which grew at a rate of 14%. Taking into consideration that the ROE is not particularly high, we reckon that there could also be other factors at play which could be influencing the company's growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. We then compared Nanosonics' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 18% in the same 5-year period, which is a bit concerning. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for NAN? You can find out in our latest intrinsic value infographic research report. Nanosonics doesn't pay any regular dividends, meaning that all of its profits are being reinvested in the business, which explains the fair bit of earnings growth the company has seen. Overall, we feel that Nanosonics certainly does have some positive factors to consider. Namely, its respectable earnings growth, which it achieved due to it retaining most of its profits. However, given the low ROE, investors may not be benefitting from all that reinvestment after all. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Reuters
08-05-2025
- Business
- Reuters
Nestle lines up Rothschild for water unit sale, sources say
LONDON, May 8 (Reuters) - Nestle (NESN.S), opens new tab has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands. Under new CEO Laurent Freixe, Nestle has been trying to narrow its focus to roughly 30 of its 2,000 brands, prioritising labels including Kit-Kat chocolate wafer bars, Nescafe coffee, NAN infant formula and Maggi noodles and seasonings. In November, the group announced it would carve out its water business into a standalone global unit from January 1, and was open to partnerships and deals. The division has been struggling with capacity issues, the company has said. Nestle is aiming to keep a stake in the water business that includes brands such as Perrier and the sources said, who spoke on condition of anonymity because the matter is private. The unit could be valued more than 5 billion euros ($5.6 billion), one of the people added. Private equity firms including Platinum Equity, Blackstone and One Rock Capital Partners have held early stage conversations about possible offers for the business, two of the people said. Other interested parties include PAI Partners and CD&R, one of these people and a fourth person added. Conversations with potential bidders are ongoing ahead of a formal process later this year, the people said, cautioning that no deal is guaranteed. Spokespeople for Rothschild, Nestle, PAI, CD&R and Blackstone declined to comment. One Rock and Platinum did not respond to requests for comment. Nestle's water business has attracted interest for decades, including from private equity and strategic buyers, Sanjay Bahadur, head of group strategy and business development, told Reuters in an interview in November. "The main struggle is at Perrier, the rest of the brands are performing well," Vontobel analyst Jean-Philippe Bertschy said. "They have had issues at several (water) sources, and there is an ongoing battle between the French authorities and Nestle." Nestle has previously said its mineral water products are safe to drink but that in the interest of food safety "practices at some of our waters production sites may not be in line with the applicable regulatory framework". It has said that all water production at its locations in France is currently compliant with French regulations. Revenue at the water division increased by 2.9% to 722 million Swiss francs ($874 million) in the first quarter of the year, accounting for less than 4% of Nestle's total revenue, according to its latest results. Bottled water is a difficult category amid water scarcity concerns and weak industry sales since the COVID-19 pandemic. Nestle in 2021 sold its water business in North America for $4.3 billion. ($1 = 0.8862 euros) ($1 = 0.8263 Swiss francs)
Associated Press
01-05-2025
- Politics
- Associated Press
Reverend Bolívar Flores Ascends as Official Voice of the Latin Community in NAN by Appointment of Reverend Al Sharpton
Reverend Al Sharpton appoints Reverend Bolívar Flores as NAN's official Latino leader in New Jersey, reinforcing the network's commitment to racial justice. JERSEY CITY, NJ, UNITED STATES, May 1, 2025 / / -- — With deep honor and commitment, we announce the incorporation of Reverend Bolívar Flores into the prestigious National Action Network (NAN) as the Latino Community Leader, marking a new chapter of pastoral service and social leadership. The National Action Network, one of the most influential and respected civil rights organizations in the United States, is led by the eminent Reverend Al Sharpton, a living symbol of the ongoing fight for social justice, equity, and the defense of the most vulnerable communities. Reverend Flores will work closely with Reverend Steffie Bartley, Northeast Regional Director, as he assumes this strategic position with the mission of amplifying the voice, representation, and impact of the Latino community within NAN's historic social justice efforts. Reverend Bolívar Flores' distinguished career spans more than a decade of pastoral ministry and community leadership, dedicated to the defense of human rights, the restoration of dignity to migrants, and his outstanding work as Chief of Staff for the New Jersey Reentry Corporation. His unwavering spiritual support for marginalized populations and his tireless work building bridges of reconciliation, faith, and hope have made him one of the most respected and admired voices of his generation. Reverend Al Sharpton, President and Founder of the National Action Network, stated: 'Social justice knows no boundaries of language, color, or nationality. The integration of Reverend Bolívar Flores as a leader of our Latino community marks a strong step toward a truly inclusive movement. His story of service, faith, and action embodies the spirit of the National Action Network: turning compassion into real change. We are deeply honored to welcome him to this mission.' Reverend Steffie Bartley, Northeast Regional Director, added: 'Reverend Flores' leadership is a beacon of hope for our region. His love for justice, his dedication to the most vulnerable, and his pastoral vision will strengthen the vital work we are called to do. This is a historic moment for the Latino community within NAN, and we celebrate this new chapter with joy and renewed commitment.' For his part, Reverend Bolívar Flores shared: 'I embrace this commitment with humility and determination, knowing that serving our Latino community through justice, faith, and unity is a sacred calling. It is not only about representing a voice, but about building a bridge of dignity, faith, and opportunity for all.' Through this historic appointment, the National Action Network reaffirms its unwavering commitment to building bridges of justice, solidarity, and transformation, integrating leaders who reflect the richness, diversity, and strength of all our communities. Jordana Vforce hotness tv email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
01-05-2025
- Business
- Yahoo
Should You Investigate Nanosonics Limited (ASX:NAN) At AU$4.80?
Nanosonics Limited (ASX:NAN), is not the largest company out there, but it led the ASX gainers with a relatively large price hike in the past couple of weeks. The recent share price gains has brought the company back closer to its yearly peak. As a stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's take a look at Nanosonics's outlook and value based on the most recent financial data to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Great news for investors – Nanosonics is still trading at a fairly cheap price. Our valuation model shows that the intrinsic value for the stock is A$7.01, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. However, given that Nanosonics's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. Check out our latest analysis for Nanosonics Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Nanosonics' earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? Since NAN is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation. Are you a potential investor? If you've been keeping an eye on NAN for a while, now might be the time to make a leap. Its buoyant future outlook isn't fully reflected in the current share price yet, which means it's not too late to buy NAN. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision. It can be quite valuable to consider what analysts expect for Nanosonics from their most recent forecasts. Luckily, you can check out what analysts are forecasting by clicking here. If you are no longer interested in Nanosonics, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
CBS News
23-04-2025
- CBS News
Former Harlem deli owner killed in stray bullet shooting outside home
A beloved grandmother and former Harlem deli owner was struck by a stray bullet and killed outside her home Tuesday night. It happened around 10 p.m. near Lenox Avenue and 113th Street. Person of interest in custody after deadly Harlem shooting Police say Excenia Mette, 61, came outside to check on her grandson when she heard gunfire. According to police, three people were arguing on the street and shots were exchanged. One of the men involved – a 23-year-old – was shot in the foot while a stray bullet struck Mette in the head. She was taken to a local hospital, where she was pronounced dead. "We don't know yet if this was a gang incident, but we do know that individuals were armed with guns," Mayor Eric Adams said. "The action of repeated offenders, just last year stabbing two people doing a robbery, is now involved in a shooting that took the life of a working class person here in the city." Wednesday afternoon, the scene was still taped off. Evidence – including shell casings, a gun and a scooter – were left on the sidewalk. A person of interest was taken into custody, and police say they are still looking for additional suspects. Anyone with any information is asked to call the NYPD's Crime Stoppers hotline at 1-800-577-TIPS (8477), or for Spanish, 1-888-57-PISTA (74782). You can also submit a tip via their website or via DM on Twitter, @NYPDTips. All calls are kept confidential. Excenia Mette remembered as beloved community leader CBS News New York previously highlighted Mette's Harlem deli as it was struggling during the pandemic back in 2020. It's since shut down. Those who knew her gathered for a vigil not even 24 hours after her death. "This was a grandmother who lost her life. Innocent," said Stephanie McGraw, founder and CEO of We All Really Matter. "She was a woman that didn't just stand by and see something and not say something. She came down because she was a community leader." Mette was a member of the National Action Network run by Rev. Al Sharpton. NAN released a statement reading, in part, "We are deeply saddened and outraged by the tragic and senseless loss of Excenia 'Zennie' Mette – a beloved member of our community, a committed advocate, and a cherished part of the NAN family." Mette's ex-husband described her as a woman dedicated to not only her family, but also her community.
