HRC - Hill-Rom Holdings: Deep Value Proposition With ~35-40% Upside Potential Under-Reflected
- Hill-Rom Holdings presents as a deep-value proposition relative to peers and on a fair value basis.
- Given recent macro-thematics observed in global equity markets in FY2021, rotation back into value names has been a key alpha-driver.
- Thus, Hill-Rom presents as a compelling investment case to capitalise on the drift of factor premia back in favour of value-type propositions.
- Here it is shown that shares should trade at ~$133 on a blend of normalised 26X P/E, 21X P/FCF and DCF of FCF at 15%.
- Here, we cover all of the moving parts in the investment debate for the benefit of investors' own reasoning.
For further details see:
Hill-Rom Holdings: Deep Value Proposition With ~35-40% Upside Potential Under-Reflected