Lowering Schneider Electric's Fair Value Estimate Due to Currency Headwinds; Shares Undervalued
We are decreasing our fair value estimate to EUR 68 per share from EUR 70, incorporating time value of money as well as material exchange rate headwinds that have more than offset cost reduction. We maintain our wide moat rating and believe Schneider shares are undervalued, despite recent strong share price gains.We have also adjusted for the deconsolidation of Delixi (EUR 650 million revenue in 2015), as well as the disposals of Juno Lighting and Telvent Transportation, contributing approxima...
Schneider Electric is engaged in energy management. Co. is organized into four areas: Buildings and Partner, Infrastructure, Industry and IT; and operates in four principal markets: non-residential & residential buildings, utilities & infrastructure, industry & machine manufacturers and data centers & networks. The non-residential and residential buildings market includes end-users, property developers, design firms, and systems integrators. The utilities and infrastructure market includes energy operators. The industries market serves end users and companies, and engineering firms. The data centers and networks contain servers that process and store digital data in secure rooms.
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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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