Current price – $435.9
Target price – $495
Growth potential – 13.6% 🔥
Dividend yield – 0.84%💵
Investment horizon – 1 year
S&P Global is an American company providing financial and business information, as well as analytics. It is the parent organization for the rating agency S&P Global Ratings and also holds a majority stake in S&P Dow Jones Indices, which is responsible for calculating the Dow Jones, S&P 500, and many other indices. The company demonstrates confident business dynamics. The fair value of S&P Global shares is $495, with an upside of 13.6%. The dividend yield is 0.84%.
Investment thesis
🔼Strong Financial Performance. The company presented a good report for Q1 2024. Revenue increased by 10.5% y/y, reaching $3.5 bln. Adjusted earnings per share (EPS) grew by 27.3% y/y to $4. Both indicators exceeded market expectations. Revenue from the credit rating segment showed significant growth (+29% y/y). S&P Global's net cash flow for Q1 2024 amounted to $851 million, of which $286 million was returned to shareholders in the form of dividends. 🔼Positive Outlook. In its quarterly report, S&P Global improved its forecasts for 2024. The company expects revenue growth of 6-8% (up from the previous 5.5-7.5%) and EPS in the range of $13.85-$14.10 (instead of $13.75-$14.00). Wall Street analysts also have faith in S&P Global. Over the past 3 months, the holding's revenue forecasts have been revised upwards 20 times and not once downwards.
To open a brokerage account with Unibank Invest, please fill out the application form or contact us at +374 43 004 382.
‼ Disclaimer
The information is only indicative, is not exhaustive and is provided solely for discussion purposes. The information should not be regarded as a public offer, request or invitation to purchase or sell any securities, financial instruments or services. No guarantees in direct or indirect form, including those stipulated by law, are provided in connection with the specified information and materials. The information presented above cannot be considered as a recommendation for investing funds, as well as guarantees or promises of future profitability of investments. The risk of negative consequences as a result of the use of the above recommendations, opinions and statements is fully borne by the addressee of the information.
Unibank” OJSC is regulated by the Central Bank of Armenia.
#investidea
Target price – $495
Growth potential – 13.6% 🔥
Dividend yield – 0.84%💵
Investment horizon – 1 year
S&P Global is an American company providing financial and business information, as well as analytics. It is the parent organization for the rating agency S&P Global Ratings and also holds a majority stake in S&P Dow Jones Indices, which is responsible for calculating the Dow Jones, S&P 500, and many other indices. The company demonstrates confident business dynamics. The fair value of S&P Global shares is $495, with an upside of 13.6%. The dividend yield is 0.84%.
Investment thesis
🔼Strong Financial Performance. The company presented a good report for Q1 2024. Revenue increased by 10.5% y/y, reaching $3.5 bln. Adjusted earnings per share (EPS) grew by 27.3% y/y to $4. Both indicators exceeded market expectations. Revenue from the credit rating segment showed significant growth (+29% y/y). S&P Global's net cash flow for Q1 2024 amounted to $851 million, of which $286 million was returned to shareholders in the form of dividends. 🔼Positive Outlook. In its quarterly report, S&P Global improved its forecasts for 2024. The company expects revenue growth of 6-8% (up from the previous 5.5-7.5%) and EPS in the range of $13.85-$14.10 (instead of $13.75-$14.00). Wall Street analysts also have faith in S&P Global. Over the past 3 months, the holding's revenue forecasts have been revised upwards 20 times and not once downwards.
To open a brokerage account with Unibank Invest, please fill out the application form or contact us at +374 43 004 382.
‼ Disclaimer
The information is only indicative, is not exhaustive and is provided solely for discussion purposes. The information should not be regarded as a public offer, request or invitation to purchase or sell any securities, financial instruments or services. No guarantees in direct or indirect form, including those stipulated by law, are provided in connection with the specified information and materials. The information presented above cannot be considered as a recommendation for investing funds, as well as guarantees or promises of future profitability of investments. The risk of negative consequences as a result of the use of the above recommendations, opinions and statements is fully borne by the addressee of the information.
Unibank” OJSC is regulated by the Central Bank of Armenia.
#investidea
