Report
Michael Field
EUR 98.48 For Business Accounts Only

Strong Revenue Growth in 1Q Secures Investor Confidence for G4S

No-moat G4S’ first-quarter trading update was broadly in line with our expectations for the full year, with strong average revenue growth in its continuing businesses of 8.9% year over year. As such, we do not expect to make any changes to our forecasts, nor to our GBX 312 fair value estimate, on the back of these results. We believe the shares are currently fairly valued.
Geographically, the somewhat counterintuitive pattern of growth seen in 2016 continued into the new year, with flat revenue ...
Underlying
G4S plc

G4S is a security company that provides security and related services. Co.'s Secure Solutions products are comprised mainly of manned security and facilities management services, and its Cash Solutions products are comprised mainly of physical cash management services. Within the Secure Solutions services, Co. also provides: technology services, comprising the supply, installation and monitoring of alarm systems, and security and building systems technology; facilities management; and care and justice services. Within the Cash Solutions services, Co. also provides technology services to retailers, comprising hardware and software for customer cash management and related services.

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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