Philips Leveraged To Post-COVID Normalization And Self-Improvement

 

It's been a little quiet of late for Philips (PHG), with the shares almost flat since my last update, but still outperforming the broader med-tech sector by a modest amount. The sale of the domestic appliances business didn't generate that much excitement, even though management got a good price and there is now certainty for this item on the to-do list.

With the successful sale of the domestic appliance business, normalizing elective procedures and hospital capex in 2021, and further self-help in the years to come, I continue to believe these shares are undervalued.

 

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Philips Leveraged To Post-COVID Normalization And Self-Improvement