TIM Brasil Reports Better-Than-Expected EBITDA Margins; We'll Likely Slightly Increase Our FVE
TIM Brasil reported 2018 results with better EBITDA margins than we expected. This was a faster improvement than we had projected, but we don’t anticipate much more expansion long term than what we already modeled. Thus, while we expect to increase our EBITDA margins somewhat, we only expect a small increase to our $15.50 per ADR fair value estimate, which will be due as much to the recent strengthening of the Brazilian real versus the U.S. dollar as higher margin expansion. We continue to belie...
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.