Report
Daniel Ragonese
EUR 101.80 For Business Accounts Only

GUD’s Portfolio Reshaping Continues, AUD 10.50 FVE Unchanged

GUD indicated trading in the first quarter has been solid, and the group was likely to generate fiscal 2018 operating income in the range of AUD 90 million to AUD 94 million. We have trimmed our near-term projections slightly to AUD 94 million from AUD 96 million previously. Notwithstanding, the impact on the company’s intrinsic value is immaterial, and we maintain our AUD 10.50 per share fair value estimate. We believe the stock is marginally overvalued at the current price. The market may be e...
Underlying
G.U.D. Holdings Ltd.

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.

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
Daniel Ragonese

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch