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Adbri Ltd ABC

Morningstar’s Analysis

Valuation
Currency in AUD

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Planning To Cease Coverage on Adelaide Brighton

Analyst Note

| Johannes Faul, CFA |

We place our fair value estimate on Adelaide Brighton, or Adbri, under review and notify clients of our proposal to temporarily cease coverage in late October 2021. We intend to reinitiate coverage at a later date. We provide broad coverage of more than 1,500 companies globally and periodically adjust our coverage according to client demand, investor interest and staffing.

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Company Profile

Business Description

Formed by the merger of S.A. Portland Cement and Adelaide Cement in 1971, Adbri is an integrated cement, lime, concrete and aggregates, and concrete products business. Adbri currently sells about 3 million metric tons of cement and 1 million metric tons of lime per year, making it Australia's largest lime and second-largest cement supplier. Key geographic regions include Western Australia and South Australia with a focus on residential construction, infrastructure, and industrial markets including mining.

Contact
157 Grenfell Street, Level 1
Adelaide, SA, 5000, Australia
T +61 882238000
Sector Basic Materials
Industry Building Materials
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 1,500