An expanding trade network should improve the company's competitive position and brand strength.
We raise our fair value estimate for Bapcor to AUD 7 from AUD 5 per share upon transfer of analyst coverage. The uplift reflects an 18% increase in our EPS forecasts during the next 10 years, which we now expect to grow at around 13% annually. Additionally, we have upgraded the economic moat rating to narrow from none, which contributed 10% towards the fair value increase. Bapcor’s narrow moat rating is underpinned by its intangible brand assets and the cost advantages over smaller peers due to ...
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.
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