SWX:SIKAChemicals
Sika (SWX:SIKA) Could Be 6% Undervalued Following Hybrid Bond Issue And Stable Outlook
Sika (SWX:SIKA) has drawn fresh investor attention after issuing €1b in hybrid capital bonds split into two callable, subordinated tranches, while S&P shifted its issuer rating outlook on the company from Negative to Stable.
See our latest analysis for Sika.
For investors, the hybrid bond issuance and S&P outlook revision arrive as Sika’s share price shows renewed momentum, with a 30-day share price return of 17.92% and a 90-day gain of 25.14%, even though the 5-year total shareholder return...