Aristocrat FVE Rises to AUD 21.50 on Currency Tailwinds; Remains Overvalued
We have lifted our fair value estimate for narrow-moat-rated Aristocrat Leisure by 5% to AUD 21.50 per share, following a revision of our forward currency assumptions. As most of the company's earnings are generated in U.S. dollars, we expect the lower Australian dollar to translate to a 3% EPS uplift on average during fiscal 2018-2021, and we forecast average annual EPS growth of around 20% during this period (assuming an AUD/USD of 0.74).Despite shares in Aristocrat falling by 15% during the ...
Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.
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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