No Material Changes to Sasol’s Fair Value Estimate; Stock Remains in 3-Star Territory
After taking a fresh look at Sasol’s first half fiscal year 2019 results, we are lowering our fair value estimate to $31 (ZAR 442) from $32 (CAD 444) based on movements in foreign exchange rates. Despite the slightly lower fair value estimate, Sasol remains in 3-star territory. Shares have declined nearly 25% since August and are now trading near our fair value estimate. While Sasol has an extensive near-term growth portfolio and favorable cost structure, we believe the market finally realized t...
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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