In my opinion, it has $NESN (-0,38 %) stabilized cleanly above 70. Further speaks for me:
- Nestlé is largely "immune" to tariffs
- Current P/E ratio is around 18, well below the long-term average (~25), but above historical lows.
- 10-year average is around 25.4 .
- 3-year average at around 24.05 and
- 5-year average at around 23.5
- Gross margin solid, even if slightly declining.
- Operating margin robust and in line, but trending downwards as Nestlé focuses on investments - forecast for 2025: UTOP margin from 16 % .
- Net margin also slightly weaker than 2023, but stable overall at around 11-12%.
In times of uncertainty and where one ATH chases the next - I like to buy what is (still) fairly valued for me.
Of the 150 shares, 50 are to be held for the long term. As soon as $NESN (-0,38 %) CHF 75-78 is reached, a short call (100 contract) with ~ CHF 82 - 85 is sold, for 1 or 2 months. Happy if sold & happy if the option premium remains.
$NESN (-0,38 %) now makes up ~ 8.5% of my portfolio.
ø EK at 79.-
Total loss on position currently -5.5%
