Graincorp Ltd Class A
GNC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.80 | Hlpb | Ttktjzq |
GrainCorp Earnings: Harvests and Profitability Are Set to Normalize in Fiscal 2024
No-moat GrainCorp's fiscal 2023 result was broadly in line with our forecast, with net profit after tax of AUD 250 million close to our prior forecast. We lift our fair value estimate by 3% to AUD 7.40 per share, principally due to the time value of money.