L'Oreal SA
OR: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€784.00 | Sdxs | Vqttdwshr |
Wide-Moat L'Oréal's Diverse Portfolio Reach Is Helping it Manage COVID-19 Disruption in China
Business Strategy and Outlook
We believe L’Oréal has secured a wide moat, fortified by a mix of market-leading brands, entrenched relationships with retailers, and a scale-based cost advantage. L’Oréal is the world’s third-largest advertiser, which we think affords it a degree of negotiating power. We expect these benefits to endure for the next 20 years, prompting its wide moat designation.