AllAnalyst Report
logoMorningstarSeptember 30, 2020

INFO: Solid Third Quarter Has IHS Markit on Track to Achieve Long-Term Goals, but Shares Seem Rich

Symbols
INFO
Sector(s)
Industrials
Rating
Current Price
Fair Value
Economic Moat
Stewardship
Summary

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 39% of fiscal 2019 revenue, transportation 28%, resources (energy and chemicals) 21%, and CMS (consolidated markets) 12%. Approximately 60% of fiscal 2019 revenue came from the United States. IHS Markit has approximately 15,500 employees worldwide. About 72% of fiscal 2019 revenue was recurring and fixed, 13% recurring and variable, and 15% non-recurring.

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Analyst Profile

Zain Akbari

Equity Analyst
Zain Akbari, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers food companies, auto parts retailers, and information services firms.Before joining Morningstar in 2015, Akbari spent several years at UBS, most recently leading the firm’s Liability Management, Americas team. During his time at UBS, Akbari structured and executed bond buybacks, exchange offers, and covenant modifications for investment-grade, high-yield, and convertible securities issued by American and Asian companies.Akbari holds a bachelor’s degree in finance and real estate from The Wharton School of The University of Pennsylvania and master’s degree in business administration from the University of Chicago Booth School of Business.