Saputo Inc
SAP: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 87.20 | Bbvk | Tczjcqtl |
Saputo Earnings: Fair Quarter Despite Macro and Competitive Pressures, but Shares Rich
We don’t expect to make a material change in our CAD 24.50 per share fair value estimate after digesting no-moat Saputo’s first-quarter results, which included 9.5% sales growth and a flat operating margin of 5.1%. While these marks appear quite solid at first blush, our enthusiasm is tempered.