Super Retail Group Ltd
SUL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$78.00 | Xcytm | Fwmjpgsyx |
Super Retail's Narrow Moat Sourced From Supercheap's Cost Advantage
Business Strategy and Outlook
Super Retail Group operates in Australia and New Zealand, selling automotive parts and accessories, sporting goods, and outdoor leisure equipment. The group is the market leader in all three segments in Australia, with about 20%-30% market share in auto parts, camping equipment, and sporting goods retailing. However, we believe formidable competition will constrain operating margins as the firm competes on price to maintain market share.