Collector’s Nook 2: Robertet SA

This isn’t funding recommendation. PLEASE DO YOUR OWN RESEARCH.

Lastly, after greater than 18 months, I discovered a second candidate for my “Collector’s Nook” bucket after Laurent Perrier. Simply as a reminder, the aim of this bucker is as follows:

So right here is the administration abstract and the write-up (which is somewhat bit “thinner” than typical.

Administration abstract

Robertet, is a 175 years outdated, 1,8 bn EUR market cap French firm, owned and run by the Maubert household within the 4th and fifth era that’s energetic in pure flavors and fragrances. Though a lot smaller than its bigger friends, Robertet is the main participant in pure/natural components which they supply globally.

The corporate has grown EPS by >10% for the final 5,10 and 20 years. Though not low cost (~19x 2024 EPS), the inventory is for my part however engaging as there appears to be a very good elementary tailwind and the enterprise may be very steady and diversified with respectable margins. I subsequently determined so as to add it to my “Collector’s Nook” bucket subsequent to Laurent Perrier with a 2% allocation.