Report
Ravi Reddy
EUR 101.80 For Business Accounts Only

Brand and distribution underpin high-quality domestic earnings; Indonesia offers long-term growth.

Coca-Cola Amatil’s share price has had a roller coaster ride since reporting interim fiscal 2016 results in late August. The share price rose about 12% to a closing high of AUD 10.26 and is now trading near our unchanged fair value estimate of AUD 9.00. The company is targeting medium-term mid-single-digit EPS growth. We think Coca-Cola Amatil is a low- to mid-single-digit growth company. We forecast EPS growth of 3.5% for the full-year fiscal 2016 and longer-term EPS growth of 3.3%.
The perform...
Underlying
Coca-Cola Amatil Limited

Coca-Cola Amatil manufactures, distributes and sells ready-to-drink beverages. Co.'s product range includes non-alcohol sparkling, beverages, spring water, sports and energy drinks, fruit juices, iced tea, flavoured milk, coffee, tea, beer, cider, spirits and packaged ready-to-eat fruit and vegetable snacks and products. Co.'s segments include: Non-Alcohol Beverages, which manufactures, distributes and markets sparkling drinks and other non-alcohol beverages; Alcohol & Coffee Beverages, which manufactures and distributes premium spirits, beer and coffee products; and Corporate, Food & Services, which is involved in the processing and marketing of fruit and other food products business.

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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