Compass Group PLC
CPG: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| KjB | LOCK|f!FNN | LOCK|QM@FTDF> |
Compass Group Earnings: Strong New Business Growth Drives Strong Performance
Narrow-moat Compass Group delivered strong full-year results for fiscal-year 2024. Organic revenue growth was 11%, aided by strong net new business growth in the second half of the year. Margins improved in all three regions, leading to 16% operating profit growth. We will update our model but do not anticipate any change to our fair value estimate. Compass Group shares screen as fairly valued relative to our GBX 2,550 fair value estimate.
