Ternium Reports Impressive 2Q Results; Raising Fair Value to $15, but Shares Still Overvalued
Ternium reported strong second-quarter results amid higher profits and elevated steel shipment volumes. On a companywide basis, EBITDA reached $393 million, up from $303 million last quarter and $212 million in the same period last year. As we raise our near-term profit forecasts, our fair value estimate rises to $15 per ADS from $13. Our no-moat rating is unchanged.The company's improved performance was driven by the combination of record-high volumes in Mexico and higher average selling price...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.