Efficiency and industry tailwinds will improve performance, but powerful customers limit upside.
No-moat-rated Ingham’s has reaffirmed the near-term outlook provided at its full-year fiscal 2017 results, and we maintain our AUD 3.50 per share fair value estimate. Australian poultry volume growth should return to historical averages of around 4% per year, substantially slower than the 9% jump in fiscal 2017. We still project low- to mid-single-digit volume growth on average during the next five years. This is underpinned by steady population growth and modest growth in consumption per capita...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.