One of the most reliable gauges of a company’s ‘competitive moat’, is (not surprisingly) the amount of money it generates. Not solely profits, but the return on invested capital after adjusting for financial gearing. On this measure Watkin Jones ranks as the industry’s #1 player (see below), delivering an anticipated FY19 unlevered Return on Equity of 44.2%.
21 May 2019
Upbeat H1 & in line with FY19 estimates
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Upbeat H1 & in line with FY19 estimates
Watkin Jones Plc (WJG:LON) | 42.1 -0.2 (-0.9%) | Mkt Cap: 107.9m
- Published:
21 May 2019 -
Author:
Paul Hill -
Pages:
14
One of the most reliable gauges of a company’s ‘competitive moat’, is (not surprisingly) the amount of money it generates. Not solely profits, but the return on invested capital after adjusting for financial gearing. On this measure Watkin Jones ranks as the industry’s #1 player (see below), delivering an anticipated FY19 unlevered Return on Equity of 44.2%.