DuluxGroup's strong paint brands operate in an attractive oligopoly market structure.
Rarely does Dulux disappoint, and the interim 2018 result was no exception. Underlying EBIT rose by 5% on the prior corresponding period, and at the current pace is tracking in line with our AUD 226 million estimate for fiscal 2018. Accordingly, we retain our 6% five-year EPS CAGR forecast and our AUD 7.50 per share fair value estimate. At current levels, shares in Dulux are trading at a slight premium to our fair value estimate.One of the most attractive aspects of Dulux is the resilience of ...
DuluxGroup is engaged in the manufacture, marketing, manufacture, marketing, sale and distribution of branded paint, coatings, adhesives, garden care and other building products to the residential home improvement, commercial and infrastructure markets across Australia, New Zealand and Papua New Guinea, China, South East Asia and the U.K. Co. supplies paints and coatings under the Dulux brand; consumer and construction products under the Selleys and Parchem brands; cabinet and architectural hardware under the Blum, Hera, SecureView, Assa Abloy and Breezway brands; and Yates garden care and home improvement products.
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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