Breville Group Delivers Another Impressive Performance Across All Regions, FVE Increased by 6%
Narrow moat-rated Breville Group continues to shine, with fiscal 2017 NPAT up 7% to AUD 54 million, in line with our forecasts. Our fair value estimate increases by 6% to AUD 8.50. This mostly reflects a modest increase to our earnings estimates within the global product segment, underpinned by strong performance in the United Kingdom. Nevertheless, the shares are currently meaningfully overvalued relative to our revised fair value estimate. In our opinion, the approximate 18% EPS CAGR implied b...Breville Group is engaged in the design, development, marketing and distribution of small electrical appliances. In Australia and New Zealand, Co. principally trades under its owned brands, Breville and Kambrook and also distributes a range of Philips products in the personal care and garment care categories under a license agreement with Philips. In North America, Co. distributes Breville branded products through several channels. In the U.K., the marketing and distribution of Co.'s designed products to retailers is under its owned brand, Sage.
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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