Report
Brett Horn
EUR 147.86 For Business Accounts Only

A wide moat surrounds Equifax's core business.

Wide-moat Equifax continued to deliver strong results in the second quarter. Revenue was up 20% year over year, but this was largely due to the Veda acquisition. Excluding Veda, we estimate year-over-year growth at 8%, still a solid result and slightly ahead of our long-term expectations. However, we think the company has some temporary tailwinds in the current environment, and we remain comfortable with our projections. We will maintain our $91 fair value estimate.
Performance in the company’s ...
Underlying
EQUIFAX INC.

Equifax Inc. is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The company's services are based on databases of consumer and business information. The company uses statistical techniques, machine learning and proprietary software tools to analyze all available data, creating insights, decision-making solutions and processing services for its clients. The company also provides information, technology and services to support debt collections and recovery management. Additionally, the company provides payroll-related and human resource management business process outsourcing services in the United States of America.

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
Brett Horn

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