Nestle: Sluggish Business Leaves Shares Looking Cheap
Portfolio Pulse from
Nestle has faced a challenging 2024, missing sales growth expectations and cutting guidance multiple times. Despite this, the company is positioned to improve, with shares down 30% year-to-date. Modest free cash flow growth could justify the current price.
December 19, 2024 | 7:45 pm
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NEUTRAL IMPACT
Nestle has had a difficult 2024, missing sales growth targets and reducing guidance. Shares have dropped 30% YTD, but modest free cash flow growth could support the current valuation.
Nestle's shares have declined significantly due to missed sales growth and reduced guidance. However, the potential for modest free cash flow growth suggests that the current price may be justified, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100