WiseTech Global’s FVE Increased to AUD 6.80 Following Acquisition and Earnings Downgrade
We have incorporated narrow-moat-rated WiseTech Global’s AUD 92 million acquisition of Containerchain into our financial model. Although our short-term earnings forecasts are unchanged, we have increased our long-term forecasts and our fair value estimate by 3% to AUD 6.80 per share. However, at the current market price of AUD 18.22, we continue to believe the stock is significantly overvalued. The current market price implies a fiscal 2020 price/earnings ratio of 108 versus 38 at our fair value...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.
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