2025-06-09-Jefferies-明日_英国涂料——对市场的独立观点_6页_176kb

Summary of UK Paints Equity Research Report

Event Details

• Topic: Independent's View on UK Paints Markets Dynamics and Outlook.
• Date and Time: Tuesday, June 10, 2025, at 3:00 PM BST (4:00 PM CEST, 10:00 AM EDT).
• Participants:
  • Speakers: Lucas London (CEO and Founder of Lick Home), Michael Watson (COO of Lick Home), and Jefferies analysts (Chris Counihan and others).
• Lick Home: A rapidly growing UK paint business with online and retail presence, distribution via hardware stores (Screwfix and B&Q).
• Registration: Link provided for event access.

Discussion Topics

• End-market demand across DIY and professional sectors in the UK.
• Pricing compared with raw material costs and expectations in a deflationary environment.
• Volume outlook for the 2025 UK summer painting market.
• Impact of tariffs on supply chains and raw material access.
• Availability and challenges of raw materials due to European production uncertainties.

Relevant Stocks Cited

• AkzoNobel, PPG, Sherwin Williams.

Analyst Coverage and Certifications

• Jefferies analysts (including Chris Counihan, Priyal Woolf, others) provide independent views certified to reflect personal opinions.
• Analysts are employed by Jefferies entities, with some non-US analysts not registered with FINRA.
• Analyst compensation may be tied to firm performance, including investment banking.

Rating Framework

• Buy: Expected total return of 15-20% (up to 20% for low-priced stocks).
• Hold: Expected return of -10% to +15%.
• Underperform: Expected total return of -10% or less.
• Methodologies include market cap, growth, volatility, and DCF analyses.

Key Disclosures

• Extensive legal content regarding conflicts of interest, compensation, financial regulations, and distribution restrictions across jurisdictions (e.g., US, UK, EU, Asia).
• Notes on rating suspensions, non-covered stocks, and investment risks.
• The report is for institutional investors only and no replays are available.