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Does MM like Endeavour Group (EDV)?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Does MM like Endeavour Group (EDV)?

Thanks for all of your commentary and analysis. Do you have any thoughts on the value or otherwise of EDV?. The shares have struggled since a peak in August last year but now appear to be near the levels they traded at when divested from WOW. Are they worth looking at?

Answer

Hi Tony,

Pub and bottle shop owner EDV has really struggled since August after their FY22 report showed its retail business has been finding business tough leading to the company guiding to a tough 1H23 with additional cost inflation, a similar theme across the sector, as we said at the time there was little to get excited about.

  • We haven’t been fans of EDV after its poor result but some value has been returned after the stocks for than 20% decline.
  • However we don’t find it compellingly cheap with an Est P/E of 21.5x for 2023.

Hence at this stage EDV is not close to making the MM Hitlist.

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Endeavour Group (EDV)
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