REA Group Delivers Strong 1Q, but FVE Is Unchanged
Narrow-moat-rated REA Group reported an impressive 21% revenue growth for the first quarter of fiscal 2018, outpacing our full-year forecast of 18%. Continued strength in the Australian residential listings business, along with the inclusion of recently acquired financial services, drove revenue growth over the quarter, although only group revenue growth was disclosed. We retain our fair value estimate of AUD 51, and shares remain overvalued, currently trading at AUD 76.60.The core Australian r...
REA Group is a multinational digital advertising company, based in Australia, that specializes in property. Co. provides a range of premium property listings as well as products for markets adjacent to property such as utility connections, and advertising solutions for property developers and display media advertisers. Co. operates residential, commercial and share property websites, realestate.com.au, realcommercial.com.au and flatmates.com.au, Chinese property site myfun.com, and iProperty Group which owns a number of property portals in Asia. Co. also maintains significant shareholdings in Move, Inc. in the United States and PropTiger in India.
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.
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