Report
Brett Horn
EUR 100.00 For Business Accounts Only

Equifax’s Wide Moat Has Not Been Breached

Equifax is facing some headwinds as it attempts to return to growth, and these roadblocks are likely to persist into 2019. However, these issues appear to be largely cyclical, and nothing in the quarter alters our view that the wide moat around Equifax’s business will allow the company to ultimately recover from the impact of the 2017 data breach. We will maintain our $130 fair value estimate.
Core domestic credit bureau revenue was down 2% year over year. The decline was largely attributable to...
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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