Report
Debbie Wang
EUR 100.00 For Business Accounts Only

Smith & Nephew's New Organizational Structure Holds Potential for Operating Leverage Gains

As new CEO Namal Nawana has ramped up organizational changes for Smith & Nephew, we’re intrigued by the possibility of increasing growth while holding costs level—something Nawana and CFO Graham Baker discussed in the quarterly earnings call. However, we’re reluctant to give the firm too much credit for improved operating leverage until we see more signs of progress, thus we’re leaving our fair value unchanged for now. As Smith & Nephew remains a midsize competitor in a field of much lar...
Underlying
Smith & Nephew PLC

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
Debbie Wang

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