Metcash Ltd

MTS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$1.00	Wfcvh	Jxjtbchkk

Metcash Fully Priced, Despite the Risk of Normalising Sales and More Online Competition.

Johannes Faul

Dec 8, 2020

Unsurprisingly, no-moat-rated Metcash reported strong sales growth for its three business segments: food, liquor, and hardware in the first half of fiscal 2021. Nevertheless, the operating leverage was greater than we anticipated, especially in hardware, and we increased our EPS forecast for fiscal 2021 by 19% to AUD 23 cents per share.

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