Lendlease Group
LLC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$2.40 | Rtyp | Ktpgnwp |
Not Much News is Decent News; FVE Unchanged at AUD 15.60, No-Moat Lendlease Looks Expensive.
Lendlease’s AGM today didn’t reveal much specific news, but it did suggest that the business is on track to meet our expectations. However, we think no-moat Lendlease shares once again look expensive after very strong performance. Our fair value estimate is unchanged at AUD 15.60.