SIQ 2.50% $8.60 smartgroup corporation ltd

Ann: 2022 AGM Presentation Materials, page-9

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    Morningstar has initiated coverage of SIQ - a brief excerpt

    We initiate on Smartgroup with a fair value estimate of AUD 8.10 per share, and assign the group with no-moat, high uncertainty, and Standard capital allocation ratings. Shares currently trade at a 26% discount to our fair value estimate, which in our view overlooks the firm's strong market position, ability to increase product takeup, and its defensive client base.



 
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