G8 Education Remains Undervalued Following In-Line Trading Update
G8 Education remains undervalued following management guidance that 2016 EBIT will be between AUD 158 and 162 million, in line with our underlying AUD 160 million forecast. Management also said childcare centres acquired during 2016 are performing in line with expectations and, considering we're already in December, we expect the guidance to be reliable.Our forecasts imply 2016 underlying EBIT growth of 11% versus the prior year and an EBIT margin of 20.7%, slightly down from 20.9% in 2015 but ...
G8 Education is engaged in the operation of early education centres owned by Co., and ownership of early education centre franchises. Co. operates in Australia and Singapore.
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