Our Outlook for IHS Markit Is Intact After Unsurprising Fiscal 2018 Results; Shares Trade Fairly
We are unlikely to make a significant change to our $51 per share valuation for wide-moat IHS Markit after fourth-quarter earnings met our targets. We still expect mid-single-digit organic revenue growth and adjusted EBITDA margin expansion into the mid-40s (from 39% in fiscal 2018) over the next five years.For fiscal 2018, IHS Markit reported sales of $4.01 billion, adjusted EBITDA of $1.56 billion, and adjusted diluted EPS of $2.29, near our $4.01 billion, $1.56 billion, and $2.26 targets. Ma...
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