Domain's network effect underpins strong revenue growth with limited long-term house price risk.
We maintain our fair value estimate for narrow-moat Domain Holdings at AUD 2.90 per share following the shock resignation of CEO Anthony Catalano. At the current market price of AUD 2.75, we now believe the shares are undervalued. Catalano’s resignation, so soon after the IPO last November, is highly unusual but was justified by his decision to spend more time with his family. Although unexpected, we don’t believe the resignation materially affects the company's competitive position or long-term...
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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