Report
Chris Kallos, CFA
EUR 101.80 For Business Accounts Only

Ebos Group Appoints new CEO From Within the Ranks; Standard Stewardship Rating Unchanged

We reiterate our NZD 19 fair value estimate (AUD 17.50 per share based on an Australian dollar/New Zealand dollar exchange rate of 1.09) and maintain our Standard stewardship rating for narrow-moat Ebos Group following the appointment of current CFO, John Cullity, to the role of CEO from March 31, 2018. John Cullity will succeed current CEO, Patrick Davies, who came into Ebos Group via the transformational Symbion acquisition in 2013, which marked the Trans-Tasman conglomerate’s entry into the A...
Underlying
Ebos Group

EBOS Group is a provider of medical and healthcare products to the human and animal markets. Co. operates in two business segments, being Healthcare, which incorporates the sale of healthcare products in a range of sectors, own brands, retail healthcare, wholesale activities, and logistics; as well as Animal Care, which incorporates the sale of animal care products in a range of sectors, own brands, retail and wholesale activities. Co.'s operations are primarily in New Zealand and Australia.

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
Chris Kallos, CFA

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