Ansell Shares Trading Close to Fair Value Following Price Rally Since January
After rallying more than 20% since the beginning of calendar 2019, shares in Ansell are now fairly valued relative to our unchanged AUD 27.00 fair value estimate. We continue to forecast high-single-digit earnings CAGR over the five years to fiscal 2023, with a meaningful proportion coming from margin expansion on the back of increased selling prices, reduced raw materials cost in addition to the cost savings from the transformation program.Ansell enjoys a cost advantage over competitors and we...
Ansell, along with its subsidiaries, is engaged in the development, manufacturing and sourcing, distribution and sale of gloves and protective personal equipment in the industrial and medical gloves market, as well as the sexual wellness category worldwide. Co. operates in four main business segments: Medical, which manufactures and markets surgical and examination gloves together with a range of healthcare safety devices; Industrial, which manufactures and markets hand and body protection solutions; Single Use, which provides single use industrial application gloves; and Sexual Wellness, which manufactures, sells and markets a range of branded condoms, lubricants, devices and fragrances.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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