Report
Adam Fleck
EUR 850.00 For Business Accounts Only

Morningstar | GWA boasts an attractive portfolio of brands in a cyclical and competitive industry.

GWA is a leading manufacturer and distributor of building and household fittings. The company is well managed with strong brands, but end markets are competitive. Brand strength is high, with Australia's best-known bathroom product brands, including Caroma, Dorf, and Fowler. GWA also enjoys competitive advantages stemming from its established distribution channels, scale, and emphasis on product development. Earnings are buffeted by residential and commercial building cycles. Additional pressure could come from a simultaneous downturn in renovation and replacement activity, along with increased imports.
Underlying
GWA Group

GWA Group is engaged in the research, design, manufacture, import and marketing of building fixtures and fittings to residential and commercial premises and the distribution of these various products through a range of distribution channels in Australia, New Zealand and selected international markets. Co.'s business segments are: Bathrooms and Kitchens, which includes vitreous china toilet suites, basins, plastic cisterns, tapware, baths, kitchen sinks, laundry tubs, and bathroom accessories; and Door and Access Systems, which includes door locks and levers and supply and maintenance of commercial door systems.

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
Adam Fleck

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