Viva Energy Group Ltd Ordinary Shares
VEA: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$9.81 | Qldn | Dctkhvt |
Viva Energy: Fuel Volumes Up Despite High Oil Prices and Soft Seasonal and Economic Conditions
Our AUD 3.35 fair value for no-moat Viva Energy stands. Australia’s second-largest retailer of refined fuel reported relatively strong third-quarter 2023 fuel sales, up 4.7% over the previous corresponding period, and in line with the June 2023 quarter. This is a creditable outcome given strength in the oil price and generally softer seasonal and economic conditions.