Report
Chris Higgins
EUR 101.80 For Business Accounts Only

TransDigm's business model remains a success, but M&A growth will prove increasingly challenging

Wide-moat TransDigm held its fiscal first quarter 2018 earnings call after releasing results before the market open on Feb. 6. Shares are down on the back of an earnings miss, but management stuck with its 2018 revenue guidance and raised EPS and operating cashflow guidance due to tax reform impacts. The shares are trading slightly above our fair value estimate of $280 per share, which we’re maintaining. Following results this quarter, we think the key pacing items for the shares will be organic...
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Morningstar
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.

Analysts
Chris Higgins

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