Report
Ravi Reddy
EUR 147.86 For Business Accounts Only

The stage is set for the U.K. but replicating the U.S. success will take Breville longer.

As a result of an analyst departure, coverage has been transferred. At this stage, we reaffirm our current forecasts, DCF-based fair value estimate of AUD 7.00 fair value estimate, and narrow moat and high uncertainty ratings. At current levels, the stock trades at a 13% premium to our fair value estimate. We currently forecast a 5-year CAGR in EPS of 8.1% to fiscal 2020. Breville's position as an up-market brand in offshore markets is delivering results. The company reported a solid first-half ...
Underlying
Breville Group

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.

Provider
Morningstar
Morningstar

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.

Analysts
Ravi Reddy

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