Report
John Brick, CFA
EUR 101.80 For Business Accounts Only

George Weston Offers No Surprises, Shares Modestly Undervalued

No-moat George Weston’s third-quarter results tracked mostly in line with our full-year estimates, outside of moderate pressure in its Weston Foods segment (5% of revenue), which prompts us to maintain our CAD 118 fair value estimate and long-term assumptions. We continue to see consolidated top-line growth of 2.6% and average adjusted operating margins of 5.7% over the next 10 years, which incorporate our expectations for drug pricing pressure resulting from regulatory changes in its Loblaw seg...
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
John Brick, CFA

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