SFR Reported Mixed 1Q KPIs With Revenue Growth, but Weak Margins; Shares Undervalued
SFR reported mixed first quarter key performance indicators with improved revenue growth, but weak margins. For now, we are maintaining our fair value estimate and narrow moat rating, and we view the shares as undervalued. The firm reported revenue growth of 0.6% versus our full-year projection of flat revenue. While the revenue improvement was primarily driven by acquisitions, we were pleased to see the increase. SFR increased revenue in both fourth-quarter 2015 and fourth-quarter 2016, but fol...
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.