Fair Value Estimate Raised on GUD Outlook for Automotive, but Stock Remains Overvalued
GUD provided commentary on first-quarter trading and gave earnings guidance for fiscal 2017. Management expects EBIT to be around AUD 85 million, up 8.8% on the prior year on a comparable basis. This is broadly in line with our current forecast of AUD 86 million.The first-quarter trading update was mixed, but the fiscal 2016 sales and earnings growth momentum in the key automotive division (around 80% of operational EBIT base) has continued into the new fiscal year. The performance of other div...
GUD Holdings is engaged in the manufacture and importation, distribution and sale of cleaning products, household appliances, warehouse racking, industrial storage solutions, office storage products, automotive products, locking devices, pumps, pool and spa systems, and water pressure systems, with operations in Australia, New Zealand, France, Spain, China, Malaysia and Hong Kong. Co.'s reportable segments are Oates, Automotive (Ryco, Wesfil, Goss), Davey, Dexion, and Lock Focus.
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.
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