Report
Johannes Faul
EUR 101.80 For Business Accounts Only

Premier Investments experiences a tough domestic market, with international expansion a focal point.

We maintain our fair value estimate for no-moat Premier Investments at AUD 14 per share, along with our medium uncertainty rating, following a transfer of analyst coverage. Most of Premier’s revenue is derived from clothing retailing in Australia, a category that is highly contested by domestic incumbents, new international entrants, and proliferating online alternatives. The group is expected to retain its material exposure to intense competition in fashion retailing in the medium term, despite...
Underlying
Premier Investments

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.

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
Johannes Faul

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