Mainfreight Starting to Look Overvalued
Mainfreight's share price has risen strongly in the past year and at current levels, is moderately overvalued. The firm is benefiting from expansion in the U.S, Europe and Asia, and driving higher profit margins from increased utilisation and efficiency improvements. Mainfreight is expected to continue growing earnings strongly in the medium term, however, it screens as expensive, trading 28% above our unchanged NZD 17.00 DCF-based fair value estimate. Crosschecking with other valuation metrics ...Mainfreight is engaged in the global supply chain logistics. As of Mar 31 2015, Co. had business operating in 242 branches in 20 countries around the world. Co. operates in the domestic supply chain (moving and storing freight within countries) and air and ocean freight industries (moving freight between countries). New Zealand, Australia, The Americas and Europe are each reported to management as one segment as the businesses there perform both domestic and air and ocean services.
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.
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