IOOF Holdings Transfer of Analyst Coverage
We have transferred analyst coverage of IOOF Holdings. We reaffirm our current forecasts, DCF-based fair value estimate of AUD 11.00 per share, and narrow moat and high uncertainty ratings The stock is currently trading at nearly a 19% discount to our current fair value, and in our view, the stock is undervalued. We forecast a five-year CAGR in EPS of 4.7% to fiscal 2021.We believe the market is growing increasingly pessimistic around the firm’s platform earnings, following a 6% decline in the...
IOOF Holdings is engaged in the financial services industry. Co. provides a range of wealth management solutions for Australians, including: financial advice and distribution services via its network of financial advisers and stockbrokers; platform management and administration such as superannuation and investment administration platforms for advisers, their clients and employers in Australia; investment management products that are designed for investors; and trustee services, including estate planning and administration, personal trustee services, self-managed super fund solutions and corporate trust.
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.