CSL Limited Announces Growth To Continue Into The Future

Industry News

& Articles

CSL Limited Announces Growth To Continue Into The Future

Facebooktwitterlinkedin
  • CSL has reported that revenues are expected to grow between 2-5%, with net profit after tax landing between $2.15 billion AUD and $2.25 billion AUD.
  • CSL Limited (CSL) is a global biotechnology company that develops and delivers innovative medicines.
  • CSL Limited (ASX: CSL) expects continued growth going forward into the future which is only good news for investors.

CSL is one of the largest shares in the S&P/ASX 200 Index (ASX: XJO). It was the largest share for a while last year, pipping Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP). As it stands today, CSL is the ASX 200’s No. 2 share, recently overtaking BHP, which has been suffering due to falling iron ore prices. Headquartered in Melbourne with offices also in Sydney, United Kingdom, Germany, Switzerland, and The United States of America, CSL has become one of Australia’s leading medical success stories, becoming a world-renowned leader in the field of biotechnology since being spun off from the Commonwealth of Australia back in 1994 and privatised.

CSL used to be known as one of the ASX’s top growth shares. Its share price exploded over 2017, 2018, and 2019, but has been struggling more recently in the shadow of the pandemic. This is due to lesser demand for certain medications that CSL and its Family of brands manufactures and distributes and, it’s potential deal to produce COVID-19 vaccinations in Australia which fell through late last year due to concerns due to quality.

CSL previously noted in its full-year results that it sees FY22 as a transitional year. This reflects strong demand for its portfolio of therapies and vaccines, offset by plasma collection headwinds. A number of brokers rated the company’s shares following CSL’s FY21 scorecard. Multinational investment firm Goldman Sachs cut its price target by 1% to $302, while Morgan’s had a more bullish outlook. The latter raised its 12-month view by 7.7% to $324.40. Based on the current share price, this implies an upside of around 13% on Morgan’s assessment.

When looking from this time last year, the CSL share price has moved in circles, registering nil gains. The same can be said for 2021 year to date, where the company has failed to live up to its traditional expectations. CSL commands a market capitalisation of $130.62 billion, making it the second-largest company on the ASX and this doesn’t seem likely to change with many brokers indicating analysis suggesting around at least Eight Percent growth in the next financial year post COVID-19 Pandemic.

Things are only looking better and better for the CSL share price for both the short term and long term with continued improving conditions in Australia and Overseas for it’s Family of products and the easing of continued COVID-19 Pandemic related restrictions globally, CSL’s share price can return to being a shining star of the ASX once again in 2022.

Caroline Wong

Caroline Wong is a Research Analyst at KOSEC – Kodari Securities. She writes on markets and focuses on ASX Top 300 companies. Email Caroline at c.wong@kosec.com.au.

Comment on this company

Latest Stories

Service Stream Makes Key Lendlease Acquisition

Transformational acquisition of Len……

Bluescope Steel Upgrades FY22 Earnings Guidance To Over $2 billion

Bluescope Steel (ASX:BSL) build……

BHP AGM all about positioning for the future

BHP is a world leader in processing minera……

More for you

CIMIC Group Spends Big On Public Infrastructure

CIMIC Group, formerly Leig……

Rio Tinto To Move On Decarbonization; Spending Big On The Green Push

Rio Tinto Limited is enga……

Super Retail Group Increases Inventory Ahead Of Lockdowns Easing

Super Retail Group (‘……

IDP Education Sees Strong Market Recovery Ahead

Technology innovation and d……

Brickworks Lays Solid Performance Ahead of Pandemic Recovery

Brickworks Limited (ASX:…..

Kogan.com Announces September Results, Soars Past $300 Million Sales

Kogan.com is a portfolio of r……

KOSEC Terms & Conditions

Kodari Securities Pty Ltd (CAR 399556) trading as KOSEC is regulated by the Australian Securities and Investment Commission (ASIC). KOSEC is a financial services company and any information provided by its platforms, portals, reports and documents is protected by copyright. Any unauthorised production of this information is prohibited.
KOSEC reserves the right to change or remove any information provided on our website, reports or any documents including these terms and conditions at any time without notice. The change or modification to the terms and conditions will be effective immediately upon posting an updated version on our website, necessary platforms and documents. It is recommended that you review the information provided on our website, including these terms and conditions frequently for any changes.

Disclaimer
KOSEC provides general advice only. The information provided is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. KOSEC recommends that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Please make sure you read our Financial Services Guide (FSG).

KOSEC does not guarantee any returns. Past performance of any product discussed is not indicative of future performance. (We urge that caution should be exercised in assessing past performance. All financial products are subject to market forces and unpredictable events that may adversely affect their future performance). Investing in the stock market can incur huge losses. Please also be aware that fees will incur on every transaction regardless of the performance of your investments or returns generated. Employees and or associates of KOSEC may hold one or more of the stocks, securities or investments reviewed by the company.

Your use of information from our website, reports, documents and from talking to our representatives/associates is at your risk. Under no circumstance should the investment be based solely on KOSEC information and general advice. You should seek professional financial planning advice.
KOSEC aims to maintain the accuracy of the data and information provided on this website, by using information prepared from a wide variety of sources, which KOSEC to the best of its knowledge and belief, considers accurate and does not make any representations or warranties of any kind, expressed or implied, about the completeness, accuracy, reliability, suitability or availability of the information provided.

We may at times refer to third parties, which the details of these third parties have been provided solely for you to obtain further information about other relevant products and entities in the market. KOSEC has no control over the information third parties have, or the products or services offered, and therefore make no representations regarding the accuracy or suitability of such information, products or services. You are advised to make your own enquiries in relation to third parties. Our inclusion of any third party content is not an endorsement of that content or the third party.

Fees
As a client you will be charged a yearly service fee and a set brokerage fee per transaction. Your service fee will automatically renew at the end of your agreed 12 month period at the same rate advertised at the time. Your credit card or bank account will be charged for a further year following which will again auto renew until you cancel your yearly service fee. You can cancel the auto renewal at any time in advance of the renewal date by contacting us. KOSEC is aware of the need to ensure the security of your credit card details and our payment systems are compliant with the Payment Card Industry (PCI) Data Security Standard.

Privacy
You consent to receiving email correspondence from KOSEC, as well as companies KOSEC has an association with. These emails will be sent by KOSEC and third party companies. You can opt out of receiving any category of emails at any time by contacting us. We may from time to time inform you of special offers, or even ask your opinion of the services we provide, but your involvement is optional. Should you request us to do so, we will archive your details.

Indemnity and Liability
You indemnify KOSEC from all claims or threatened claims, suits, demands, damages, costs as well as including legal costs incurred in dealing with any threatened claim, expenses made by any person or corporation against KOSEC and any other amounts which is caused by KOSEC providing information, execution and General Advice.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from a decision made by you on the basis of information obtained through the use of our portal, reports, documents or any General Advice given and any transaction taken place.

You hold KOSEC harmless and release it from any liability in respect of any loss, harm or damage arising from delays in executing orders for the client and acknowledges KOSEC makes no guarantees about the time taken to execute an order on behalf of the client. You acknowledge that KOSEC relies on third parties in providing technology and release KOSEC from any harm, loss or damage you may suffer as a result of the failure of such information technology.

Cookies and Links
KOSEC website, and its portal uses cookies, which lets us identify your browser while you are using the site or our portal. Cookies do not identify you personally. They simply allow us to track your usage patterns. If you prefer not to receive cookies, you can configure your browser to reject them or to notify you when they are being used. The functionality of the KOSEC website may be impacted if you restrict the use of cookies.

Fill up the form below and we will get back to you as soon as possible.

CLAIM YOUR FREE E-BOOK &
7 DAY ACCESS TO LOTUS BLUE

STOCK MARKET SUCCESS

KOSEC’s CEO, Michael Kodari’s new book, “Stock Market Success” valued at $39.95, available at Dymocks book stores with all the proceeds going to Dymocks Children’s Charities.

CLAIM YOUR FREE E-BOOK WHEN YOU LOGIN TO LOTUS BLUE INVESTMENT PORTAL

Latest TV Commercial