WiseTech FVE Increased to AUD 5.77 Following Curious Capital Raise
We have increased our fair value estimate for narrow-moat-rated WiseTech Global by 5% to AUD 5.77 per share following its issuance of AUD 100 million in new equity at AUD 13.30 per share to Capital Group. The fair value increase is caused by the issuance of shares at a price which is well above our valuation. However, at the current market price of AUD 14.47, we continue to believe the shares are significantly overvalued. Our fair value implies a fiscal 2019 price/earnings ratio of 31, or 58 if ...WiseTech Global is engaged in providing software solutions to the logistics industry across more than 125 countries. Co. develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally. Co.'s customers range from small and mid-sized regional or domestic enterprises to large multi-national companies.
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.