U.S. Turnaround Set to Improve No-Moat Hain's Domestic Results, but Competition Abounds
After yet another weak quarter, we plan a high-single-digit percentage cut to our $29 fair value estimate for no-moat Hain Celestial. We still expect long-term improvement as new CEO Mark Schiller’s agenda takes effect and the firm culls unprofitable items, reduces supply chain complexity, and corrects pricing. We expect low- to mid-single-digit sales growth and adjusted operating margin expansion toward the low teens (from 7.6% in 2018) over the next 10 years.For the second quarter, sales fell...
Hain Celestial Group manufactures, markets, distributes and sells organic and natural products. The company sells its products in the following categories: grocery, which includes infant formula, infant, toddler and kids foods, as well as other food products; snack products, which includes a variety of potato, root vegetable and other vegetable chips, straws, tortilla chips, whole grain chips, pita chips and puffs; personal care, which includes skin, hair and oral care, deodorants, baby care items, body washes, sunscreens and lotions; and tea, which provides varieties of herbal, green, black, wellness, rooibos and chai tea.
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.
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