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To own Valvoline today, you really have to believe in the long-term value of its growing service network despite some uncomfortable near-term trade offs. The latest quarter fits that pattern: revenue moved higher and the Breeze acquisition pushed the store count past 3,500, but the integration of 162 immature locations, one off items and higher interest costs all showed up in a swing to a US$32.8 million loss. With the share price up strongly year to date and trading on a rich earnings multiple, the key short term catalyst is whether those new stores can ramp quickly enough to ease margin pressure and shore up confidence in the profit outlook. At the same time, board refreshment and the recent CFO retirement keep governance and execution firmly in focus.
However, investors should be aware of how Breeze integration risk might affect profitability. Valvoline's shares are on the way up, but they could be overextended by 39%. Uncover the fair value now.Explore 5 other fair value estimates on Valvoline - why the stock might be worth as much as 33% more than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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