We increase our fair value estimate to DKK 403 and maintain our outlook for narrow-moat DSV.
Narrow-moat DSV delivered strong full-year 2017 results, helped in no small way by strong market-led growth in the key air and sea divisions, and by the benefit of having now fully integrated UTi Worldwide into the DSV business. Revenue growth increased by more than 10% year over year, while operating margins rose from 5.1% to 6.5% over the same period, in line with our expectations. We do not expect to make any material changes to our forecasts on the back of these results, and we maintain our ...
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.