Report
Gareth James
EUR 101.80 For Business Accounts Only

Rolling up to the next baby boom is proving profitable for G8 Education.

We have maintained our fair value estimate for G8 Education at AUD 4.00 per share following management’s announcement fiscal 2017 EBIT will be around AUD 160 million rather than the approximately AUD 175 million they expected at the interim result in August. Considering the company has a December year-end, we expect guidance to be accurate and have cut our fiscal 2017 EBIT forecast by 9% to AUD 161 million. However, our later-year forecasts are broadly maintained, and at the current market price...
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
Gareth James

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