A2M’s outlook sour but not spoiled Lex Hall | 07 Apr 2021Text size
The outlook for narrow-moat speciality diary and infant formula producer a2 Milk may have been downgraded but the long term remains strong, and its shares cheap.
That’s the view of Morningstar regional director Adam Fleck, who says the company is well placed to rebound from the covid-induced disruption to customers and distributors.
Fleck sees a rebound in profitability and forecasts revenue to grow at an annual rate of 12 per cent through to fiscal 2030.
Risks remain, especially in the form of competition and potential regulation, but the general outlook is positive, and the company’s narrow moat or ten-year competitive advantage reflects its formidable brand and pricing power.
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