Associated British Foods PLC
ABF: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GBX 1,719.00 | Pzwt | Rxksdfckf |
Associated British Foods' Profitability Recovers Amid Easing Inflationary Pressure
Business Strategy and Outlook
Although we think Associated British Foods' mass apparel retail division, Primark, should deliver consistent growth through its expansion over the short term, supported by reliable performance from the remaining largely commodified food divisions, we believe the company’s potential will be limited over the long term by intense competition and a lack of differentiation, leading to our no-moat rating.