What Is Priced In to Our Unchanged AUD 6.00 FVE for No-Moat Nufarm?
At AUD 8.90, Nufarm shares have drifted off by approximately 10% since our March note but remain 50% overvalued. The Sell call has softened to Reduce, but the unchanged AUD 6.00 fair value estimate is still too far below the share price. Australia’s largest manufacturer of crop protection products has suffered stagnant EPS growth since fiscal 2012’s AUD 0.39 mark. Very competitive global crop protection markets have left the cost lever as the only available to Nufarm. While it has used this to g...Nufarm operates in two segment: crop protection and seed technologies. Co.'s crop protection segment is engaged in the manufacture and sale of crop protection products used by farmers to protect crops from damage caused by weeds, pests and disease and is managed by several geographic segments, being Australia and New Zealand, Asia, Europe, North America and Latin America. Co.'s seed technologies segment is engaged in the sale of seeds and seed treatment products and is managed on a worldwide basis.
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.