Report
Michael Field
EUR 100.00 For Business Accounts Only

Compass Appears Well Positioned to Grow

Catering giant Compass Group served up a solid set of full-year numbers, with organic revenue growth of 5.5% and an operating margin of 7.4%, in line with 2017 levels. These results were almost bang in line with our forecasts for the period; and with the outlook for 2019 in line with our medium-term expectations for the firm, we do not expect to make any material changes to our numbers. We reiterate our narrow-moat rating for the company and our GBX 1,670 fair value estimate. We believe the shar...
Underlying
Compass Group PLC

Compass Group is engaged in providing outsourced food and support services. The five sectors in which Co. operates are: Business & Industry, which provides food for employees during their working day; Healthcare & Seniors, which helps hospitals in the public and private sectors manage and enhance quality of food and support services; Education, which provides dining solutions from kindergarten to college; Sports & Leisure, which provides hospitality and service at sporting and leisure venues, exhibition centers, visitor attractions and events; and Defence, Offshore & Remote, which provides food and support services to companies in the oil and gas and mining and construction industries.

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
Michael Field

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