REXAM UNDER VALUED


Summary Analysis

REX.L is undervalued compared to its Price of $487.5GBX per share, has somewhat above average safety, and is currently rated a Hold.

Graphs

Rexam Plc


Container (Metal\\Glass)





Detailed Analysis


Capital Appreciation

Value: Value is a measure of a stock\'s current worth. REX.L has a current Value of $660.52GBX per share. Therefore, it is undervalued compared to its Price of $487.5GBX per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock\'s Price and Value always will converge.

RV (Relative Value): RV is an indicator of long-term price appreciation potential. REX.L has an RV of 1.10, which is good on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.



RS (Relative Safety): RS is an indicator of risk. REX.L has an RS rating of 1.16, which is good on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company\'s financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.

RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock\'s price trend. REX.L has a Relative Timing rating of 0.94, which is fair on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock\'s price movements over one day, one week, one quarter and one year time periods. Once a stock\'s price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.

VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. REX.L has a VST rating of 1.06, which is fair on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.

Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. REX.L has a Hold recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.

not exactly a sector to set the pulse racing is it

Nope agreed cyners but just look how soft the obstacles in the way of the bulls are. 2 big weak down bars and a smidging one in between.

Should be easy to overcome on the bull side.

I see Investors Inteligence were backing REXHAM REX today and friday.....

Rexam - Broke out of the 330p resistance lately, signalling that a new upleg has begun. Also, watch for a relative upside breakout. We buy some now and more on a setback.



Just added some more.

Well the brokers are backing this one.......

derd cheap historicaly trading on a P/E of just 11.5 to 2011


REXAM PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Charles Stanley
23-07-10 HOLD 345.00 27.60 12.00 371.00 29.30 12.60

Oriel Securities
23-07-10 BUY 373.50 29.80 13.20 420.20 33.50 13.50

Seymour Pierce
22-07-10 BUY

The Royal Bank of Scotland NV
08-07-10 BUY 324.80 25.10 12.00 389.80 30.13 13.50

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 345.00 28.94 12.00 389.80 30.13 13.50

1 Month Change 2.07 1.50 -0.07 0.28 -0.55 0.90
3 Month Change 8.60 2.09 0.00 1.46 -0.54 0.30


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS -9.68% 5.92% 4.11%
DPS -40.02% 10.09% 12.50%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 584.00m 738.80m 803.80m
EBIT 357.00m m m
Dividend Yield 3.14% 3.46% 3.89%
Dividend Cover 2.51x 2.41x 2.23x
PER 12.69x 11.98x 11.51x
PEG -1.31f 2.02f 2.80f
Net Asset Value PS -18.36p 263.28p 274.67p

Excelent Results....

RNS Number : 0335Q
Rexam PLC
28 July 2010



Strong profit growth and improved returns

Rexam, the global consumer packaging company, announces its results for the six months to 30 June 2010.

Underlying business performance1



Six
months to 30.06.10


Six
months to 30.06.09





Sales (m)
2,491


2,516





Underlying operating profit (m)1
266


218





Underlying profit before tax (m)1
198


135





Underlying earnings per share (pence)1,2
15.9


13.0





Interim dividend per share (pence)
4.0


-








Highlights

Organic3 sales up 2% as volumes begin to recover

Organic3 operating profit up 25%

Strong free cash flow of 130m

Return on capital improved to 12%

Beverage Cans volume growth of 2% driven by strong recovery in specialty cans

Plastic Packaging performance in line with expectations

Interim 2010 dividend of 4.0p

Commenting on the 2010 half year results, Graham Chipchase, Rexam's Chief Executive, said:

"We are pleased with our performance in the first half. There has been some volume recovery as well as pricing improvement. Our relentless cost control has driven strong profit growth. Tight management of capital expenditure and working capital has yielded good cash flow, and our return on capital has improved significantly.

In most of our businesses, the trading environment is stabilising and the outlook for Beverage Cans has improved since the start of the year. However, uncertainty persists about the global economic outlook and visibility remains low.

We expect our results in the second half of the year to be similar to those of the first. We are confident that our focus on the fundamentals of cash, costs and return on capital will continue to strengthen our business and improve shareholder value."

30 Sep 2010 - 07:19

Sept 30 (Reuters) - Paper & Packaging: * Credit Suisse cuts Sappi Ltd Svenska Cellulosa AB SCA to

underperform from neutral * Credit Suisse raises Mondi Plc price target to 640P from 625P * Credit Suisse raises Norske Skogindustrier ASA price target to NOK

11.25 from NOK 10.85 * Credit Suisse raises Rexam PLC price target to 365P from 360P *

Just gone long on REX lovely chart breakout fundys very sound and way too cheap.

cant get chart up for some reason?.

Still in a lovely uptrend.

REX Rexham.

Brokers bullish on the stock
and its trading on a forward P/E
of just 10.4 to 2013

REXAM PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Charles Stanley
16-03-12 ACCU 464.00 37.00 15.50 515.00 41.10 16.50
Seymour Pierce
01-02-12 BUY 483.60 38.70 15.40 525.30 42.00 16.70

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 469.40 37.47 15.47 517.84 41.35 16.56

1 Month Change 0.14 0.01 -0.00 0.07 0.01 0.00
3 Month Change -0.16 -0.22 0.01 21.29 1.73 -0.32


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 28.61% 1.88% 10.36%
DPS 5.83% 21.83% 7.00%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £191.00m £755.10m £799.60m
EBIT £m £557.50m £587.40m
Dividend Yield 2.95% 3.60% 3.85%
Dividend Cover 2.90x 2.42x 2.50x
PER 11.69x 11.48x 10.40x
PEG 0.41f 6.10f 1.00f
Net Asset Value PS 15.68p 349.10p 378.20p

REX Rexham.

Brokers bullish on the stock
and its trading on a forward P/E
of just 10.4 to 2013

REXAM PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Charles Stanley
16-03-12 ACCU 464.00 37.00 15.50 515.00 41.10 16.50
Seymour Pierce
01-02-12 BUY 483.60 38.70 15.40 525.30 42.00 16.70

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 469.40 37.47 15.47 517.84 41.35 16.56

1 Month Change 0.14 0.01 -0.00 0.07 0.01 0.00
3 Month Change -0.16 -0.22 0.01 21.29 1.73 -0.32


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 28.61% 1.88% 10.36%
DPS 5.83% 21.83% 7.00%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £191.00m £755.10m £799.60m
EBIT £m £557.50m £587.40m
Dividend Yield 2.95% 3.60% 3.85%
Dividend Cover 2.90x 2.42x 2.50x
PER 11.69x 11.48x 10.40x
PEG 0.41f 6.10f 1.00f
Net Asset Value PS 15.68p 349.10p 378.20p

REX Rexham.

Brokers bullish on the stock
and its trading on a forward P/E
of just 10.4 to 2013

REXAM PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Charles Stanley
16-03-12 ACCU 464.00 37.00 15.50 515.00 41.10 16.50
Seymour Pierce
01-02-12 BUY 483.60 38.70 15.40 525.30 42.00 16.70

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 469.40 37.47 15.47 517.84 41.35 16.56

1 Month Change 0.14 0.01 -0.00 0.07 0.01 0.00
3 Month Change -0.16 -0.22 0.01 21.29 1.73 -0.32


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 28.61% 1.88% 10.36%
DPS 5.83% 21.83% 7.00%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £191.00m £755.10m £799.60m
EBIT £m £557.50m £587.40m
Dividend Yield 2.95% 3.60% 3.85%
Dividend Cover 2.90x 2.42x 2.50x
PER 11.69x 11.48x 10.40x
PEG 0.41f 6.10f 1.00f
Net Asset Value PS 15.68p 349.10p 378.20p

REXAM Broker Views

Date Broker Recommendation Price Old target price New target price Notes

21 Mar Alexander David Securities Buy 429.75 - - Reiterates
02 Mar Goldman Sachs Neutral 429.75 400.00 470.00 Retains
01 Mar Oriel Securities Add 429.75 - 450.00 Reiterates
23 Feb HB Markets Buy 429.75 - - Reiterates
23 Feb Credit Suisse Outperform 429.75 445.00 485.00 Retains

REX Rexham

Upgrade from broker Credit Suisse today........

REXAM Broker Views

Date Broker Recommendation Price Old target price New target price Notes

26 Mar Credit Suisse Outperform 435.25 485.00 485.00 Retains
21 Mar Alexander David Securities Buy 435.25 - - Reiterates
02 Mar Goldman Sachs Neutral 435.25 400.00 470.00 Retains
01 Mar Oriel Securities Add 435.25 - 450.00 Reiterates
23 Feb HB Markets Buy 435.25 - - Reiterates

REXHAM (rex)

Brokers still bullish on this and it
certainly is too cheap on a P/E of just
10.5 going into 2013 and NAV of 378.2p.

Derd cheap in fact.
REXAM PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Charles Stanley
23-03-12 ACCU 464.00 37.00 15.50 515.00 41.10 16.50
Seymour Pierce
01-02-12 BUY 483.60 38.70 15.40 525.30 42.00 16.70

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 469.44 37.47 15.47 517.86 41.35 16.56

1 Month Change 0.19 0.02 -0.00 0.10 0.01 0.00
3 Month Change -0.11 -0.22 0.01 21.31 1.73 -0.32


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 28.61% 1.89% 10.35%
DPS 5.83% 21.83% 7.01%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £191.00m £755.10m £799.60m
EBIT £m £557.50m £587.40m
Dividend Yield 2.91% 3.55% 3.80%
Dividend Cover 2.90x 2.42x 2.50x
PER 11.86x 11.64x 10.54x
PEG 0.41f 6.15f 1.02f
Net Asset Value PS 15.68p 349.10p 378.20p

Rexham REX

Broker Upgrade just out..........

Rexam FTSE 100 Industrial Buy 538 427.7 25.8% AlphaValue

SP Target 538p 25.8% Upside.


Very Nice.

Rexham REX....

Positive broker backing

REXAM PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Charles Stanley
23-03-12 ACCU 464.00 37.00 15.50 515.00 41.10 16.50
Seymour Pierce
01-02-12 BUY 483.60 38.70 15.40 525.30 42.00 16.70

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 469.44 37.47 15.47 517.86 41.35 16.56

1 Month Change 0.19 0.02 -0.00 0.10 0.01 0.00
3 Month Change -0.11 -0.22 0.01 21.31 1.73 -0.32


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 28.61% 1.89% 10.35%
DPS 5.83% 21.83% 7.01%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £191.00m £755.10m £799.60m
EBIT £m £557.50m £587.40m
Dividend Yield 2.97% 3.62% 3.88%
Dividend Cover 2.90x 2.42x 2.50x
PER 11.61x 11.40x 10.33x
PEG 0.41f 6.02f 1.00f
Net Asset Value PS 15.68p 349.10p 378.20p

REX REXHAM

Broker upgrade......

Rexam FTSE 100 Industrial Buy 533 418.6 27.3% AlphaValue


SP Target 533p 27.35% Upside

REXAM PLC

P/E of just over 10 to 2013.

Far too cheap for a quality company.

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Charles Stanley
13-04-12 ACCU 464.00 37.00 15.50 515.00 41.10 16.50
Seymour Pierce
01-02-12 BUY 483.60 38.70 15.40 525.30 42.00 16.70

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 469.55 37.48 15.47 517.92 41.36 16.56
1 Month Change 0.15 0.01 0.00 0.08 0.01 0.00
3 Month Change 0.26 -0.19 0.01 21.91 1.78 -0.33


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 28.61% 1.92% 10.34%
DPS 5.83% 21.83% 7.01%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £191.00m £755.10m £799.60m
EBIT £m £557.50m £587.40m
Dividend Yield 2.98% 3.63% 3.88%
Dividend Cover 2.90x 2.42x 2.50x
PER 11.59x 11.37x 10.31x
PEG 0.40f 5.93f 1.00f
Net Asset Value PS 15.68p 349.10p 378.20p

REX REXHAM

On the brink of a 12 month breakout...

REX REXHAM

Some price targets form the
brokers..........

32.70 PEG 1.74

REXAM Broker Views
Date Broker Recommendation Price Old target price New target price Notes

30 Mar Credit Suisse Outperform 436.10 485.00 485.00 Retains
26 Mar Credit Suisse Outperform 436.10 485.00 485.00 Retains
21 Mar Alexander David Securities Buy 436.10 - - Reiterates
02 Mar Goldman Sachs Neutral 436.10 400.00 470.00 Retains
01 Mar Oriel Securities Add 436.10 - 450.00 Reiterates