McMillan Shakespeare's earnings are vulnerable to changes in FBT legislation.
Our AUD 14 fair value estimate is unchanged for no-moat McMillan Shakespeare, or McMillan, following guidance underlying net profit after tax, or UNPAT, for fiscal 2018 is expected to be AUD 93.6 million, slightly below our forecast of AUD 95.9 million. Despite the stock currently trading 29% above our valuation, we believe McMillan is well positioned for medium-term earnings growth, supported by strong momentum in the core Group Remuneration Services, or GRS business. But McMillan’s Retail Fina...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.