Equities Analysis

Under Armour shareholders carry more weight than its earnings

The case of the sportswear brand favored by fitness enthusiasts illustrates the difficulty of investing in the fashion and apparel sector.

Despite Hoka's Success, Gravity Takes Hold at Deckers

An end to the euphoria as both growth and valuation normalize for the parent company of Hoka and UGG.

Altius Gambles its Balance Sheet on Lithium

Altius Minerals Corporation is trying to skate over Canada's massive critical mineral funding gaps by collecting royal checks instead of running risky mines. But can the company's balance sheet handle...

Burberry: The hardest part is yet to come

Britain's iconic luxury brand has posted mixed FY 2026 results.

Codan Rally Strong, but Sustainability Doubtful

Codan sells a nice growth story, but it's not new. Its business of communications and metal detection sounds safe and diversified, yet earnings still depend on cycles, contracts and timing.

Richemont again leads the rest

It has been another successful year for Richemont, which has been spared by the ebbing tide currently affecting the luxury sector.

Profits Can't Hide Macquarie's Valuation Limits

Beneath the blockbuster profits lies a frantic sprint by Macquarie Group Limited before the market's fragile cooperative streak runs out.

Is Chery Automobile Speeding Ahead or is it in a Spin?

Chery Automobile Co., Ltd. is riding a powerful industry shift, although the story isn't all that clean cut. Sales remain solid, margins are improving, although profits feel under pressure.

King Slide Works: The Essential Safeguard for Nvidia's Monsters

Having skyrocketed over 1,000%, a near-monopoly and margins close on 70%, the case is bound to catch invesytors' eye. This Taiwanese company's business is anything but revolutionary. It serves as...

Generali: Generali 1Q26 - strong across the board, momentum set to continue

Earnings/Sales releases Generali reported strong 1Q26 results, outperforming expectations across all three businesses. Importantly, these results reflected favourable underlying trends rather than...

Astra's Cracking Under Saudi Arabia's Softening Industrial Scene

Astra Industrial Group is caught right in the middle of a squeeze, trying to turn a cooling economy into cold, hard cash.

Is Mphasis' AI Pivot Just Hype?

Mphasis Limited is navigating a tricky transition, where steady financial performance meets a softening share trajectory. Is their bet on AI-led deals enough to drive growth, or are investors still...

Richemont: When jewels outshine headwinds

Earnings/Sales releases Richemont delivered FY25/26 with impressive top-line momentum but slightly softer profitability. Sales maintained double-digit growth with Q4 accelerating to 13%, driven by...

Swiss Life Holding: Swiss Life 1Q26: Robust fee growth and a bolt-on in Germany

Significant news Swiss Life reported a solid set of figures for 1Q26, reflecting continued positive commercial momentum across the group, though adverse Market movements weighed on the financial...

Sage: Do not focus on short term noise, stay focused on fundamentals

Earnings/Sales ReleasesSage reports a first half marked by accelerated growth driven by the execution of its AI Strategy. All key metrics are growing at a double digit pace, with simultaneous margin...

Suedzucker: Suedzucker FY25/26: still bitter

Earnings/Sales Releases Südzucker released its FY25/26 annual report, confirming preliminary figures without surprises. The year was marked by significant losses in the sugar segment, partially...

Elior: Time lags or structural difficulty?

Earnings/sales releases Elior's H1 figures missed consensus and triggered a severe FY guidance downgrade, primarily reflecting lagging effects in converting recent contract wins into revenue,...

Mitchells & Butlers: Softer trading momentum weighs on outlook

Earnings/Sales releases Mitchells & Butlers delivered a softer-than-expected H1 FY2025/26 performance, with slowing Q2 sales momentum and weaker drinks demand weighing on earnings. While temporary...

Ubisoft Entertainment: 2026/27 will likely be another lost fiscal year for Ubisoft's shareholders.

EARNINGS/SALES RELEASESDespite higher net bookings in Q4 25 than implied by the company’s guidance , Ubisoft’s revenues and non-operating EBIT in 2025/26 were in line with our estimates, but net...