Market Vents on 1H Working Capital Build for Nufarm; Our AUD 7 FVE Stands
We make no change to our AUD 7 fair value estimate for no-moat Nufarm. The company reported a deterioration in underlying first-half fiscal 2019 NPAT to negative AUD 11.5 million, down from positive AUD 12.0 million in the prior corresponding period. This is only slightly worse than our negative AUD 5.0 million expectation, with Nufarm’s earnings seasonally skewed to the fiscal second half. Higher-than-expected European depreciation accounts for the slight profit miss, with amortisation related ...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.