First-Quarter Results for Wide-Moat Schindler In Line With Expectations; Shares Overvalued
Wide-moat Schindler's headline first-quarter 2017 revenue growth and EBIT margin were in line with our expectations. We are making no changes to our CHF 170 fair value estimate. Revenue grew by 3.8%, in line with our full-year expectations, but order growth was higher at 5.7%, which is a positive sign for the rest of the year. The order backlog, which gives a view for several quarters out, was up 3%. Asia was flat, which the market will be watching closely because of the slowdown in new installa...
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.