We Increase Wide-Moat Schneider Electric’s FVE Due to Increased China Demand; Share Undervalued
After updating Schneider's revenue and margin estimates and adjusting for the time value, we are increasing our fair value estimate to EUR 74 per share from EUR 71. We have increased our revenue growth estimate for 2017 by 200 basis points mainly due to increased demand for Schneider building and industrial products, predominately out of China. We maintain our wide moat rating and believe Schneider shares are undervalued following a recent share price pull back.High-single-digit reported revenu...
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.
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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