Premier Investments Delivers a Solid Result, as Expected. FVE Increased to 14.50
In the first half of fiscal 2018, no-moat Premier Investments continued to rapidly grow its two key chains, Smiggle and Peter Alexander, and expand its EBIT margins in line with our full-year estimates. Our underlying earnings estimates are virtually unchanged, but we make a small increase in our fair value estimate of 4% to AUD 14.50 per share, adjusting for the time-value-of-money.EBIT margins widened by 47 basis points from a year prior, tracking with our full-year estimate of an increase of...
Premier Investments is engaged in operation of several retail fashion chains within the specialty retail fashion markets in Australia, New Zealand, Singapore, the U.K., as well as Malaysia and Hong Kong. Co. also has investments in listed securities and money market deposits. Co.'s operating segments include the retail segment, which represents several specialty retail fashion chains; and the investments segment, which represents investments in securities for both long-term and short-term gains and dividend income and interest.
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.
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