Lendlease Group
LLC: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$67.00 | Brbk | Jlmtqwp |
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.