Report
Barbara Noverini
EUR 147.86 For Business Accounts Only

Emerson Closes the Books on a Transformational Fiscal 2016; Shares Still Undervalued

We don’t anticipate making any material changes to our $62 fair value estimate for wide-moat Emerson as the company closes the books on a transformational fiscal 2016. We plan to update our discounted cash flow model to reflect Emerson’s new reporting structure of two segments: automation solutions and commercial & residential solutions, following the release of restated financials that incorporate the impact of pending divestitures along with Emerson’s annual report. Excluding the contribut...
Underlying
Emerson Electric Co.

Emerson Electric is a company that brings technology and engineering together to provide solutions for customers in a range of industrial, commercial and consumer markets around the world. The company 's segments are: Automation Solutions, which provides measurement and analytical instrumentation, valves, actuators and regulators, industrial solutions, and process control systems and solutions; Climate Technologies, which provides products and services for residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and cold chain management; and Tools and Home Products, which provides tools for personnel and homeowners and appliance solutions.

Provider
Morningstar
Morningstar

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.

Analysts
Barbara Noverini

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