Transferring Coverage of Narrow-Moat-Rated Ansell; AUD 27.00 FVE Unchanged
We reiterate our AUD 27.00 per share fair value estimate for Ansell as we transition coverage to a new analyst. Our narrow economic moat and medium fair value uncertainty rating are unchanged. Shares in Ansell currently trade at a modest discount to our fair value estimate.We still project fiscal 2019 EPS of USD 1.00, at the lower end of management's guidance range. During the next five years, we forecast EPS to grow at a high-single-digit pace on average, although a meaningful portion of this...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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