Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We 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 more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

<p>Following almost 30% share-price appreciation over the past six months, shares in narrow-moat-rated <a href="https://www.smartkarma.com/entities/19228" target="_blank" data-smartkarma-citation="entities:19228:1">ARB Corp Ltd (ARB AU)</a> are significantly overvalued relative to our fair value estimate. The business is extremely high quality, with a dominant market position, strong brand, and pristine balance sheet, all of which can help justify the premium multiples the company has long traded at. Nonetheless, at 33 times fiscal 2018 forecast EPS, we believe the stock is expensive, especially when compared…</p>

Following almost 30% share-price appreciation over the past six months, shares in narrow-moat-rated ARB Corp Ltd (ARB AU) are significantly overvalued relative to our fair value estimate. The business is extremely high quality, with a dominant market position, strong brand, and pristine balance sheet, all of which can help justify the premium multiples the company has long traded at. Nonetheless, at 33 times fiscal 2018 forecast EPS, we believe the stock is expensive, especially when compared…

ARB’s Recent Share Price Rerating Is Unfounded Given Unchanged Earnings Outlook