Solid End to Fiscal 2017 Leaves Our Outlook Intact for IHS Markit; Shares Fairly Valued
We do not plan a large change to our $44 per share valuation for wide-moat IHS Markit, with the time value of money offsetting lower-than-expected U.S. tax reform benefits (2% expected effective rate impact versus our earlier 5%). Our long-term targets, calling for mid-single-digit revenue growth against adjusted EBITDA margins expanding into the mid-40s by fiscal 2021 (versus 39% in fiscal 2017), are intact.In fiscal 2017, IHS Markit saw $3.6 billion in revenue and $1.4 billion of adjusted EBI...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.