Super Retail Group Ltd

SUL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$12.70	Yssz	Cqmfkzsf

Super Retail Group: Sales Holding Up Better Than Expected, but Shares Overvalued

Johannes Faul

Oct 25, 2023

We raise our fair value estimate for no-moat Super Retail Group by 5% to AUD 10.50 per share, with shares screening as overvalued. The increase in our intrinsic assessment is principally due to better-than-expected performance of discretionary leisure goods retailing, including sporting and camping goods.

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