The online portal of choice for matching buyers and sellers of vehicles, generating strong returns.
We have increased our fair value estimate for narrow-moat-rated Carsales.com by 5% to AUD 13.70 per share following its acquisition of the 51% of SK Encar it doesn’t already own from SK Holdings. Carsales appears to have secured a good price for its investment, considering that we estimate the fiscal 2018 price/earnings multiple at around 21 times, and underlying net profit after tax is growing at around 25% per year. In comparison, Carsales trades on a fiscal 2018 PE multiple of around 24 and i...
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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