Viva Energy Group Ltd Ordinary Shares
VEA: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$9.39 | Jbdld | Gpqqdpvj |
Viva Energy: Fuel Volumes Are Now Above Prepandemic Levels
Our AUD 3.35 fair value estimate for no-moat Viva Energy stands. Australia’s second-largest retailer of refined fuel reported unaudited 2023 group EBITDA down 34% to AUD 710 million, in line with our expectations. This is a creditable outcome given the strength in the oil price and generally softer economic conditions. Viva shares are up 24% from AUD 2.70 October 2023 lows and at AUD 3.35 are fairly valued, in mid-3-star territory.