Moody’s Corporation
Moody's Corporation (NYSE: MCO) is a multinational risk assessment firm. Moody's Investors Service and Moody's Analytics are the company's two segments. The MIS segment publishes credit ratings and offers assessment services for a variety of debt obligations, initiatives, and facilities, as well as the entities that issue them in global markets, including corporate, financial institution, and governmental obligations, as well as structured finance securities. The MA sector creates a variety of products and services to assist institutional participants in global financial markets with risk management.
Latest News
Q1 FY22 Financial results
Key Risks
Outlook
Revenue for the whole year is forecast to be flat, down from a single digit increase in the previous estimate, with operating margins for the full year likely to be in the range of 41 percent to 42 percent. Share repurchases of at least USD 1.5 billion are expected for the full year 2022, subject to available funds, market circumstances, M&A prospects, and other continuing capital allocation considerations. Full-year diluted EPS in 2022 is expected to range from USD 9.85 to USD 10.35, while adjusted diluted EPS is expected to range from USD 10.75 to USD 11.25. Finally, the company should produce operational free cash flows of between USD 1.8 and USD 2 billion.
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
Analysis by Kalkine Group
*% Premium/(Discount) is based on our assessment of the company’s NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation
MCO's stock price has fallen 26.42% in the past six months and is currently leaning toward the lower end of its 52-week range of USD 284.47 to USD 407.94. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 334.66.
Considering a 26.42% correction in the past six months with expected recovery, with strong fundamentals, positive outlook, associated risks, and current valuation. We recommend a " Buy" rating on the stock at the current price of USD 286.05, as of May 10, 2022, at 7:45 AM PDT.
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