Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

DuluxGroup's high-quality, narrow moat-rated, decorative paints business is an exceptional consumer franchise. With an iconic brand, a strong culture of R&amp;D and successful partnership with Bunnings, in our view, Dulux has scope to lift its market share from 45% to 50% in the next five years. While new housing approvals are at a cyclical peak and activity in the housing market has recently slowed, in our view, the equity market does not fully appreciate the resilience of Dulux and its strength of brand.Analysts: Tim Mann &amp; Daniel Ragonese

DuluxGroup's high-quality, narrow moat-rated, decorative paints business is an exceptional consumer franchise. With an iconic brand, a strong culture of R&amp;D and successful partnership with Bunnings, in our view, Dulux has scope to lift its market share from 45% to 50% in the next five years. While new housing approvals are at a cyclical peak and activity in the housing market has recently slowed, in our view, the equity market does not fully appreciate the resilience of Dulux and its strength of brand.Analysts: Tim Mann &amp; Daniel Ragonese

Brand Strength and Continued Growth in Renovation Market Should Help Weather Any Downturn

DuluxGroup Ltd

Brand Strength and Continued Growth in Renovation Market Should Help Weather Any Downturn