Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Solid growth and profitability expansion potential support Henry Schein's wide economic moat.

Henry Schein’s major rival, Patterson, recently announced it will replace its CEO of seven years and look to establish a new strategy for its operations. While we do not believe the same is on the horizon for Schein, the firm has faced tough headwinds and will continue to do so over the near term. We believe increased competition in the dental supply market and a changing operating environment have caused growth to slow and profits to compress for the major dental distributors. This dynamic is p...
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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