Ansell Ltd

ANN: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$96.00	Rglssc	Clqqvcbmv

Ansell Shares Trading Close to Fair Value Following Price Rally Since January

, Angus Hewitt

Jun 27, 2019

After rallying more than 20% since the beginning of calendar 2019, shares in Ansell are now fairly valued relative to our unchanged AUD 27.00 fair value estimate. We continue to forecast high-single-digit earnings CAGR over the five years to fiscal 2023, with a meaningful proportion coming from margin expansion on the back of increased selling prices, reduced raw materials cost in addition to the cost savings from the transformation program.

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