Report
Brian Han
EUR 100.00 For Business Accounts Only

Tallying the Risks Amidst Rallying oOh media Shares

Shares in oOh media are trading just 5% shy of our unchanged AUD 4.60 fair value estimate, having returned 30% since the start of 2019 inclusive of dividends. Rather than indulging in a diagnosis of why the stock price has lifted, we engage in an assessment of potential risks to our intrinsic assessment.
First, what is the risk of oOh media missing its 2019 EBITDA guidance of AUD 152 to 162 million? (We are at AUD 156 million) We see the probability as medium. While the outdoor market (up 5.5% i...
Underlying
oOh!media

oOh!media Limited is engaged in providing a range of Out Of Home advertising solution for customers in Australia and New Zealand. Co. operates in four segments namely road, which provides large format roadside billboards; retail, which provides signs in shopping centers; fly, which provides coverage across all domestic airport terminals in Australia, and also provides media to Qantas Lounge, and integrated Wi-Fi site network; and place, which operates in cafes, bars, universities and indoor social sports centers, and also operates Websites. Co. also provides complementary services, such as campaign production, campaign management, creative and digital services, and experiential advertising.

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 Han

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