No-Moat Z Energy’s Price Dip Still not Quite the Opportunity Sought, FVE Unchanged
After falling by 20% from August 2016 NZD 8.60 highs to NZD 7.00 by December, no-moat Z Energy shares have largely tracked near our unchanged NZD 7.00 fair value estimate. The buying opportunity we’d hoped for in our December note has yet to materialise. We would like a near-term decline in the fuel margin to provide an entry point to what is a reasonably attractive and steady underlying business. We estimate the first-half fiscal 2017 overall fuel margin was NZD 0.21 per litre, down 19% from fi...Z Energy is engaged in the marketing of petroleum based products.
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.