Report
Daniel Ragonese
EUR 100.00 For Business Accounts Only

Shares in GUD are Only Marginally Overvalued Following Recent Sell-Off

Shares in GUD Holdings have come down from August highs of over AUD 15.00, but at current prices still remain modestly overvalued compared to our unchanged fair value estimate of AUD 11.00. Following a series of divestments in recent years, the firm now holds a portfolio more focused on the core automotive division, which delivers the majority of revenue. However, the division lacks competitive advantages to warrant awarding an economic moat, and it remains highly exposed to internal combustion ...
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

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