Blue Star is an air-conditioning and commercial refrigeration company. Co. is engaged in the provision of cooling solutions as well as import distribution and maintenance of professional electronic and industrial equipment and systems, including turnkey engineered solutions in the areas of banking, telecom, healthcare, defense, pharmaceuticals, manufacturing and research and development. Co.'s business segments are Central Air-conditioning Systems, Cooling Products and Professional Electronics and Industrial Equipment.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
Blue Star: Results miss expectation as higher ad-spends dent margins (BLSTR IN, Mkt Cap USD1.1b, CMP INR836, TP INR855, 2% Upside, Neutral) Margin miss leads to earnings cut in FY20; Reduce TP to INR855 Blue Star’s 3QFY20 top line performance was in line; however, earnings expectations fell short on account of margin miss, led by higher ad-spends in the UCP segment and lower margins in the EMP segment. We cut our FY20E earnings by 11% on account of higher effective tax rate this year and lower margins, but largely maintain our FY21-22E earnings. Our SOTP-based TP is reduced to INR8...
BLUE STAR: Results below est. impacted by weakness across segments (BLSTR IN, Mkt Cap USD1b, CMP INR709, TP INR760, 7% Upside, Neutral) 1QFY20 sales at INR16b grew 5% YoY (v/s est. INR17.7b) impacted by weak performance across segments. UCP segment sales (+9% YoY) were below our expectation of INR10b, while Electro Mechanical Project (EMP) segment sales were muted at INR6.2b (+1% YoY). EBITDA of INR1.1b (-16% YoY) was below our expectation of INR1.7b, impacted by weaker-than-estimated margins across segments. Adj. net profit at INR0.8b stood flat YoY (v/s est. of INR993m). Commercial ...
Blue star: A cool start to the summer season! Aims to increase market share to 13.5% (BLSTR IN, Mkt Cap USD1b, CMP INR751, TP INR770, 3% Upside, Neutral) We met Mr B. Thiagarajan, Joint Managing Director at Blue Star (BLSTR). Key takeways: UCP segment: Targets to achieve market share of 13.5%, margins of 9-9.5% Market to grow at 10-15% in FY20: The summer season has started well, with April primary sales growth of 15% and secondary sales growth of 20%. BLSTR expects RAC industry growth of 20-25% YoY for the entire summer season, leading to growth of 10-15% for FY20. The company expect...
The general evaluation of ZIX CORP. (US), a company active in the Computer Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 18, 2020, the closing price was USD 7.34 and its potential was estimated at USD 9.06.
ZAI LAB ADR.LTD. (US), a company active in the Biotechnology industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date February 18, 2020, the closing price was USD 61.10 and its potential was estimated at USD 64.16.
The independent financial analyst theScreener just lowered the general evaluation of SPIRIT AIRLINES INCO. (US), active in the Airlines industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 18, 2020, the closing price was USD 42.59 and its target price was estimated at USD 34.08.
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