Report
Adrian Atkins
EUR 100.00 For Business Accounts Only

Solid cash flow from energy retailing balances volatility from LNG export.

No-moat Origin Energy reported a strong first-half 2018 result and upgraded full-year earnings guidance for the core energy markets division by 4%. However, our numbers are little changed as our prior forecast for energy markets was at the top of the prior guidance range and integrated gas earnings are tracking a little weaker than expected because of one-off redundancy costs at Australia Pacific LNG. We maintain our AUD 7.50 fair value estimate and consider the stock overvalued at the current p...
Underlying
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
Adrian Atkins

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