Increasing Altaba FVE to $87 per Higher FVE of Alibaba and Tax Reform Benefits; Shares Fairly Valued
We are increasing our fair value estimate for Altaba as Morningstar raised the firm’s main holding, Alibaba's, fair value estimate to $210 per share, from $200. The increase in Alibaba’s valuation plus the possible impact of the latest tax reform, along with a lower share count due to Altaba’s share buyback in 2017, have pushed our valuation of Altaba to $87 per share, from $79. No-moat- and high uncertainty-rated Altaba shares are trading at a 13% discount to our valuation of the firm and remai...Altaba is a publicly traded, non-diversified, closed-end management investment company. The company's investment objective is to seek to increase the price per share at which it trades relative to then-existing values of its principal underlying assets (the Alibaba Group Holding Limited (Alibaba) ordinary shares and American Depositary Shares and Yahoo Japan Corporation (Yahoo Japan) shares of common stock). In addition to the Alibaba shares and Yahoo Japan shares, the company also owns investments in certain additional companies Excalibur IP, LLC, which owns a portfolio of patent assets and short-term investments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.