Morningstar - Trustpower (TPW) Trustpower Is on Track for Another Solid Year

Report

Morningstar

Adrian Atkins

EUR 100.00 For Business Accounts Only

Trustpower Is on Track for Another Solid Year

Narrow-moat Trustpowerâ€™s earnings are likely to be down modestly on last year as less rainfall results in lower hydroelectric production. Nonetheless, we expect a good result towards the top of fiscal 2019 EBITDA guidance of NZD 215 to 235 million. Our NZD 231 million forecast represents a mid-single-digit percent decline on fiscal 2018. We remain comfortable with our NZD 5.90 per share fair value estimate and consider the stock fairly valued at current prices.
In the fiscal year to date, Trustp...

08/03/2019 12 EN

Underlying

Trustpower

Trustpower is an electric power generation and retail group based in New Zealand. Co. and its subsidiaries are engaged in the development, ownership and operation of electricity generation facilities from renewable energy sources and the retail sale of electricity and telecommunications services to its customers. Co. owns and maintains 36 small to medium size Hydro Generating Stations and two Wind Farms, with a further Wind Farm in South Australia. Co. is engaged in the production of electricity from renewable sources and its power stations produce enough electricity for around 220,000 New Zealand households.

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NZTPXE0001S5 NZX New Zealand

Provider

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.

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Analysts

Adrian Atkins

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Trustpower Is on Track for Another Solid Year

Morningstar | Trustpower Reports In Line FY19 Result; FVE Up 3%

Morningstar | Trustpower Offers a Solid Dividend Yield, But Don't Expect Much Earnings Growth

Trustpower Reports In Line FY19 Result; FVE Up 3%

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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