Report
Brian Han
EUR 147.86 For Business Accounts Only

When infrastructure meets salesforce, a moaty telco rolls up into the big leagues.

Some of the factors that have wiped 24% off Vocus' market value since the fiscal 2016 results release on 23 August are disconcerting. However, we view none of them as sufficiently serious to impact our AUD 8.50 fair value estimate. As such, shares in Vocus are now trading at an attractive 26% discount to our intrinsic assessment.
Vocus has felt the full brunt of competitor TPG's below-consensus earnings guidance for fiscal 2017. Investors are suddenly gripped with fear regarding the competitive ...
Underlying
Vocus Group Limited

Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.

Provider
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
Brian Han

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