Report
Johannes Faul
EUR 101.80 For Business Accounts Only

Metcash is the primary supplier of packaged groceries for many independent retailers.

Wide-moat Amazon.com’s proposed acquisition of Whole Foods Market in the U.S. elevates the online retail giant’s commitment to the grocery segment to another level. Granted, the ripple effect of this move will take time to reach Australia, and there is still a long road ahead for Amazon to establish a supply-chain infrastructure to properly compete against the domestic incumbents. However, this latest development lends further support to our view that Amazon's eventual entry will heighten compet...
Underlying
Metcash Limited

Metcash is a wholesaler and distributor, supplying and supporting independent retailers across the food, grocery, liquor and hardware industries. Co.'s reportable segments are as follows: Food and Grocery, which comprises the distribution of dry grocery, perishable and general merchandise supplies to retail outlets; Liquor, which comprises the distribution of liquor products to retail outlets and hotels; as well as Hardware, which comprises the distribution of hardware supplies to retail outlets and trade customers.

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
Johannes Faul

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