External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

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External broker reports(aggregated public sources)

Moelis Australia Ltd

Equity Bottom-Up

<ul><li>SNL is a very well-managed, high-quality operator generating industry leading returns on capital (FY23 ROIC of 26%).</li><li>Since IPO in 1987, SNL has consistently delivered revenue and profit growth, generating FY18- 23 revenue CAGR of 18% and NPAT CAGR of 27%.</li><li>Growth has ultimately come from excellent customer service (large breadth of product and quick delivery), SNL has been strategic in its approach to investing in capacity in order to meet growing demand. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SNL is a very well-managed, high-quality operator generating industry leading returns on capital (FY23 ROIC of 26%).Since IPO in 1987, SNL has consistently delivered revenue and profit growth, generating FY18- 23 revenue CAGR of 18% and NPAT CAGR of 27%.Growth has ultimately come from excellent customer service (large breadth of product and quick delivery), SNL has been strategic in its approach to investing in capacity in order to meet growing demand. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supply Network (SNL)  - Target Price $21.26 (Last $18.15)