Ternium Reports Solid Q1 Results as Steel and Mining Profits Rise; Our $18 Fair Value Is Unchanged
Ternium reported solid first-quarter results as higher average selling prices for both steel and iron ore boosted profits. Having updated our valuation model, we maintain our $18 per ADS fair value estimate and no-moat rating.Across its steel platform, the company's Mexico operations once again delivered the most encouraging results, as volumes grew 4% and revenue per ton increased 26% year on year. The Mexico division now accounts for roughly two thirds of companywide steel sales. Management g...
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.