Morningstar - Seek Limited (SEK) Seek Shares Offer Value Following Deterioration in Technology Sector Sentiment

Report

Morningstar

Gareth James

EUR 100.00 For Business Accounts Only

Seek Shares Offer Value Following Deterioration in Technology Sector Sentiment

Shares in narrow-moat-rated Seek have followed global technology stocks lower in recent months, falling 28% since August as technology sector sentiment has deteriorated. However, the sentiment change has not affected our earnings forecasts, and we have increased our fair value estimate by 3% to AUD 18.60 to reflect the impact of the time value of money on our financial model. At the current market price of AUD 17.10, the shares now appear undervalued. The share price implies a fiscal 2019 price/...

08/01/2019 14 EN

Underlying

Seek Limited

Seek is engaged in the online matching of hirers and candidates with career opportunities and related services; investing in early stage businesses and technologies which are in or adjacent to the main online employment marketplace; and distribution and provision of vocational training and higher education courses. Co.'s ANZ Employment, Zhaopin, SEEK Asia, Brasil Online and OCC segments provides online employment and marketplace services. Co.'s Education segment includes the marketing, sale and distribution of education courses. Co. also has an Early Stage Ventures segment consisting of a portfolio of Australian and international investments.

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AU000000SEK6 Australian Securities Exchange Australia

Provider

Morningstar

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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Analysts

Gareth James

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Seek Shares Offer Value Following Deterioration in Technology Sector Sentiment

Seek Limited: 1 director

Recruit Holdings Co Ltd - Company Profile and SWOT Analysis

SEEK sees a downgrade to Slightly Negative on account of less fundamental stars

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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