Primo Water Corp
PRMW: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 79.80 | Zqdrx | Ptvhjjdxc |
Primo Water Earnings: A Leaner Business Bolsters Margin Profile, While Fierce Competition Remains
Considering a strong finish to fiscal 2023 and an enhanced margin profile from the sale of a significant portion of its international business (about 24% of fiscal 2022 revenue), we plan to raise our USD 16.10 and CAD 21.70 fair value estimates for no-moat Primo by a high-single-digit percentage. With shares trading near the range we’d consider fairly valued, we recommend investors await a wider margin of safety.