Nufarm Ltd
NUF: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$2.70 | Dxcn | Nzrtdktw |
Nufarm Sees Beginnings of Improving Weather, With Sumitomo Cash Agonisingly Close; FVE Unchanged
We make no change to our AUD 7.00 fair value for no-moat Nufarm. The company reported an underlying first half fiscal 2020 net loss of AUD 85 million, in line with our expectations. Nufarm makes the vast majority of its earnings in the fiscal second half planting season and this year will be no different. There is no interim dividend.