Report
Debbie Wang
EUR 147.86 For Business Accounts Only

The jury is still out on Smith & Nephew's new sales model after its first year.

Smith & Nephew’s first-half results consistently matched up with our expectations on the top and bottom lines; we’re leaving our fair value estimate unchanged. From our standpoint, the firm continues to be in a weaker position compared with the larger orthopedic competitors, even though it has pursued a number of initiatives to ease its reliance on large joint reconstruction. Smith & Nephew needs time for these new efforts to gain scale and bear fruit, but it is racing against the distin...
Underlying
SMITH & NEPHEW PLC

Smith & Nephew is a global medical devices business operating in the markets for advanced surgical devices comprising orthopaedic reconstruction and trauma, sports medicine and advanced wound management. Co.'s advanced medical products and services include: Orthopaedic Reconstruction and Trauma (joint replacement systems for knees and hips and products to help repair broken bones); Advanced Wound Management (treatment and prevention products for hard-to-heal wounds); and Sports Medicine (implants and enabling technologies for minimally invasive repair of the joint).

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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