Lendlease Group
LLC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$7.90 | Hhrwt | Krplnqf |
Lendlease: Adverse Tax Decision Unwelcome, but a Minor Impost Even in Worst-Case Scenario
We reduced our valuation for no-moat Lendlease by 2% to AUD 13 per security on news that the Australian Taxation Office issued a revised income tax assessment for 2018, which gives rise to a liability totaling AUD 112.1 million.