Brambles Ltd
BXB: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$44.00 | Vkrw | Lhckxcknf |
Defensive Customer Base Should Insulate Brambles From Broader Economic Slowdown
Business Strategy and Outlook
Brambles is the only scale provider of pallet-pooling services operating globally. Brambles' scale underpins its cost advantage, particularly in North America, and its extensive network of depots and service centers helps to maintain high levels of service and further facilitates customer growth. Capital and operating efficiency from the large pallet pool underpin excess returns and a wide economic moat.