Humanization of Pets, Premiumization of Their Foods Favor Blue Buffalo; Shares Fairly Valued
We are initiating coverage of Blue Buffalo with a $24.50 per share fair value estimate and a no-moat rating. Our valuation implies forward fiscal 2017 enterprise value/adjusted EBITDA of 16 and forward adjusted price/earnings of 27, and is based on a long-term outlook that calls for 9% revenue growth on average over the next decade alongside nearly 720 basis points of operating margin expansion to 27.7% from 2015’s 20.5%.As pets are increasingly seen as members of the family by millennials choo...
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.