Fairfax Media tackles the daunting task of transitioning to the brave new online world
We adjust our fair value estimate for Fairfax Media to AUD 0.65 per share, down from AUD 0.75. It primarily reflects the separate listing of Domain, with 40% of the property classifieds and services entity now owned by outsiders, following the in-specie distribution of Domain shares to Fairfax shareholders.Our revised intrinsic assessment values Fairfax's non-Domain units using discounted cash flow, generating AUD 0.20 per Fairfax share. We also incorporate Morningstar's newly-initiated AUD 2.9...
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.
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