Report
Denise Molina
EUR 100.00 For Business Accounts Only

Smiths Group is well positioned as a leading player in niche markets.

Smiths Group's fiscal-year 2018 free cash flow came in 13% below our expectations, despite working capital improvements, with roughly one third of the miss due to currency changes and the rest from restructuring and pension related costs. Excluding these temporary pressures, revenue grew 2% and the underlying operating margin was stable. We are maintaining our medium-term forecasts for 4% and 7%, revenue and earnings growth, respectively, as well as our GBX 1,810 fair value estimate and narrow m...
Underlying
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
Denise Molina

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