Ingenia Communities Group
INA: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &.@ | LOCK|!#x | LOCK|QKBr^w |
Ingenia: Lifting Fair Value Due to Improved Settlements, Margins, and Occupancy
We raise our fair value estimate for no-moat Ingenia by 6% to AUD 5.60 per share on upgraded fiscal 2025 earnings guidance. The firm’s fiscal 2025 EBIT and adjusted EPS targets are now 8% and 18% higher, respectively, at the midpoint. We lift our fiscal 2025 EBIT by 6% to AUD 165 million and underlying EPS by 20% to AUD 30 cents per share, both at the top end of the firm’s guidance range of AUD 162 million-AUD 165 million EBIT and AUD 29 cents-AUD 30 cents per share adjusted EPS.
