EVT Ltd
EVT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$35.70 | Jlkb | Zhbymvq |
EVT: Looking Beyond June-Half Intermissions
Shares in EVT remain at a 17% discount to our AUD 13.50 fair value estimate. We recognize the fiscal 2024 results are likely to contain some startlingly weak earnings, especially with respect to German cinema and Thredbo in the June half. However, these are caused by temporary factors likely to normalize, while solid fundamentals of the hotels unit underpin half of our intrinsic value assessment of the no-moat-rated group.