Report
Vishnu Lekraj
EUR 147.86 For Business Accounts Only

Henry Schein Reports a Solid Q3 as Growth Remains Robust; Increasing Our Fair Value Estimate

Wide-moat Henry Schein reported third-quarter results that reflected solid growth for all its segments. This dynamic, in combination with the positive developments of the firm’s restructuring program, has motivated us to marginally tweak our top- and bottom-line assumptions. We now believe the firm will increase its revenue and expand its operating margin at higher rates than we initially forecast. Thus, we are increasing our fair value estimate to $144 from $125.

The firm was able to churn o...
Underlying
Henry Schein Inc.

Schein (Henry) provides health care products and services to office-based dental and medical practitioners. The health care distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins. The company's technology group offerings include practice management software systems for dental and medical practitioners. The company's practice solutions include financial services on a non-recourse basis, e-services, practice technology, network and hardware services, and continuing education services for practitioners.

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
Vishnu Lekraj

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