Internal efficiency is key for Briscoe Group.
No-moat-rated Briscoe Group reported net profit after tax of NZD 61.3 million for fiscal 2018, in line with management’s guidance provided in early February 2018, as well as our estimate. We increase our fair value estimate by 4% to NZD 3.65 per share, primarily due to adjusting for the time value of money. Shares are trading close to our intrinsic valuation at current prices.We maintain our sales estimates for the coming decade at a CAGR of 4%. This implies that Briscoe Group increases sales r...
Briscoe Group is a non-trading holding company. Co. is engaged in the provision of management services to its subsidiaries. Through its principal trading subsidiaries, Co. is engaged in selling homeware products and retailing sporting goods. Co. operates two operating segments: Homeware and Sporting Goods. As of Jan 31 2010, Co. had 58 Homeware stores and 32 Sporting Goods stores located throughout New Zealand.
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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