Report
Brian Bernard
EUR 98.48 For Business Accounts Only

MSC is a leader in metalworking distribution and is poised for growth.

Upon the transfer of coverage to a new analyst, we have taken a fresh look at MSC’s fundamentals and valuation. We are increasing our fair value estimate to $91 per share from $83. This increase is due to our assumption that U.S. corporate tax reform is enacted beginning in 2018 (25% federal corporate tax rate). If such tax reform is not implemented, our fair value estimate would fall to $81 per share as we are now assuming a lower rate of return on new invested capital during the second stage o...
Underlying
MSC Industrial Direct Co. Inc. Class A

MSC Industrial Direct Co. is a distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company provides stock-keeping units through its eCommerce channels, including its website, mscdirect.com; its inventory management solutions; catalogs and brochures; and call-centers and branches. The company's range of MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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
Brian Bernard

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