Travelport Lands Solid Results Amidst a Healthy Travel Environment; Shares Undervalued
We don’t expect much change to our $17 fair value estimate (which assumes mid-single-digit annual sales growth the next five years with operating margins around 11% in 2022 versus 8.5% in 2016) after narrow-moat Travelport reported in line 2017 revenue and EBITDA growth of 4% and 3%, respectively, along with 2018 sales and EBITDA growth guidance of 4%-6% and (1)%-3%, respectively, that were near our respective 4.7% growth forecast for each (EBITDA margin contraction mostly a timing and not a str...
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.