Endeavour Group Ltd：风险回报更新

研报英文原文证据摘录

M

Update

August 5, 2026 07:52 AM GMT

Endeavour Group Ltd | Asia Pacific

Morgan Stanley Australia Limited+

Melinda K Baxter

Equity Analyst

Risk Reward Update

Risk Reward for Endeavour Group Ltd (EDV.AX) has been

updated

Reason for change

EDV pre-announced FY26 results ahead of its 24 August release, with Group

Endeavour Group Ltd (EDV.AX, EDV AU)

Australia Consumer | Australia

in an FY26-29e EPS change of less than 1%. For further detail on the A$372m of pre-

Stock Rating

Industry View

Price target

Shr price, close (Aug 5, 2026)

52-Week Range

tax significant items, see our note, “Pre-announced FY26 slightly below Cons;

Fiscal Year Ending

meaningful significant items flagged.”

EPS (A$)**

Prior EPS (A$)**

underlying NPAT of A$363m and Group EBIT of A$845m, both 1% below consensus.

We make minor adjustments to our FY26 estimates to align with guidance, resulting

PT unchanged at A$3.00/shr. Maintain UW.

Underweight

Cautious

A$3.00

A$3.43

A$4.28-2.77

06/25 06/26e 06/27e 06/28e

0.24

0.20

0.22

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

** = Based on consensus methodology

e = Morgan Stanley Research estimates

Morgan Stanley does and seeks to do business with

companies covered in Morgan Stanley Research. As a result,

investors should be aware that the firm may have a conflict of

interest that could affect the objectivity of Morgan Stanley

Research. Investors should consider Morgan Stanley

Research as only a single factor in making their investment

decision.