Endeavour Group Ltd Ordinary Shares
EDV: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$1.10 | Lbfdw | Ymsbchcfwt |
Endeavour Earnings: Underlying Growth Trends Unhindered by Near-Term Labor Cost and Regulatory Woes
We maintain our investment thesis and AUD 6.10 fair value estimate for wide-moat Endeavour. Fiscal 2023 results were broadly in line with our expectations. Net profit after tax of AUD 529 million beat our estimates by 3%, largely driven by stronger-than-expected operating profit margins in the hotels segment.