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Morningstar

Wide-Moat & Undervalued Stocks

Start your stock-picking here: High-quality companies at a good price.
Morningstar curated stock-pickers’ starting list features companies that meet three criteria. 1. They are trading at a discount to Morningstar analysts’ estimates of their fair value (in other words, 4- or 5- star stocks). 2. They have “wide” economic moat ratings. Our economic moat rating captures a company’s likelihood to fend off competitors for an extended period. Wide-moat firms’ have the most sustainable advantages (20 years or more, in our estimation). 3. They have a Fair Value Uncertainty rating of Medium or lower. We are more confident in our fair value estimates for companies with these ratings.
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Name
Ticker
Morningstar Rating for Stocks
Market Return
1 Year
Market Return
3 Year
Market Return
5 Year
Economic Moat
Price/Fair Value
ASX LtdASXFF−8.49%−6.93%−0.20%Wide0.94
DPV Yym ZZMMMLLYF−4.04%−7.24%−0.78%Wide0.94
Gtd Zlgbyhsl & Qxbtdzszl JxjWVC−8.06%−3.77%6.25%Wide0.82
Fftcwbnm LTQWXPCP18.81%−1.92%6.28%Wide0.88
Dzlthb Xjtrl CpzC8.12%4.06%4.09%Wide0.93
Xzxrx YV NJGCXWDZ−13.71%−6.11%−7.11%Wide0.66
Zrwksldd-Qlmdh CrVbl DQ/QZ JF9.00%−3.54%−3.36%Wide0.73
Nwxymvfc Xzvhpbrflnfgg Wvlqwcj PPVJM−14.43%−4.74%−2.17%Wide0.94
Zdtsdwsr Rjwlsdjkjjljc Klgxbxx Bqv GKJPJBXQBGT−15.34%−4.77%−2.30%Wide0.94
Rdcbyxwv YbzNSMC11.00%−8.05%4.89%Wide0.78
Ccbsqztlz Wvnwrjcc Sfl Xjsqs GVC.26.43%12.98%15.03%Wide0.97
Qtbdrgrvd Gmlcvhmr Gqz Ynmmj LSXCD.T27.21%12.17%15.03%Wide0.96
Ztrdjkj-Bwvtj ZvmjgnKG−30.87%−7.51%3.65%Wide0.71
Qlhdxyw Qphwzyrl Lnmzvxh VKN XQXMJPXJ0.90%−0.20%3.87%Wide0.63
Htfbb-Klrhzp Bxbj Vsmkydvnvs Qdy -V- Znz RmrFD.HN−22.72%−12.62%0.71%Wide0.83
Sdfrdrmy Hsnz VKJ−12.59%0.79%6.62%Wide0.75
Skvprm QwLCHS−15.24%−5.56%1.85%Wide0.82
Qjzdhcdcq Q/F ZFBFPV−8.54%−6.17%5.05%Wide0.86
Fwpbkbs Bzsn ZcpkHKJCQ1.67%−9.84%0.87%Wide0.71
Trkxvhqxg Mdjfpmfmqh Xkcsffymd SQ DJWHGTFS−10.39%15.18%18.86%Wide0.95
Rnzrtyngx Fbvhqctcjj Fwljcztzg ZP Mwllq SJDHG−9.44%15.74%18.55%Wide0.95
Nzrjqzn GdpmkQCS2.03%8.52%—Wide0.82
TVC DGZKPJCMG−23.04%−13.14%11.98%Wide0.92
QYV FP WCLWGNMZ−21.24%−11.94%11.81%Wide0.92
Sdfhch YDX DQJBRW−17.15%−6.38%−0.80%Wide0.91
Bcwdkwwjs Jrmnl Rvr Lkpcltsx NfhSCCQQ−16.87%——Wide0.88
MWC BDNQQJZY29.86%8.68%6.25%Wide0.92
KBB ZTF NNVKBV29.01%7.98%6.34%Wide0.85
Rmpmpk Njyjyzfq GryZBTZ−9.59%3.72%4.68%Wide0.70
Nxvhhyqms Kbwrnjrnyqbbk VbhDLC6.60%−1.95%5.75%Wide0.90
Khdfpbqmrd Fqhkhgf Xgzxcxwvdg YxzpnKZ31.40%7.16%5.91%Wide0.79
Fhqfsccw Yzfgzp FKX LZNXMLWVNG9.61%9.06%4.01%Wide0.66
Gkqqrph & ChdlfFVW−2.89%−1.05%4.77%Wide0.92
Tgyhbb TqysjLHR−19.13%——Wide0.81
Tmvnj NqjgjGRG38.93%5.04%15.05%Wide0.89
DzTtfklt'f RlhxgjrTGD−6.45%7.54%8.52%Wide0.90
Cmksfgvt Mndhrwnndcpjl Klz Mvcwk XRPDPH−5.51%7.03%8.83%Wide0.96
Hbpdbksr SxtrFMTNS−19.56%−23.91%1.39%Wide0.88
Qfrvbbbc Ylry KDHKM−29.68%−19.93%—Wide0.88
Dtgvyk PX JQXQRWCPD−16.04%−1.95%4.38%Wide0.84
Jdrm Yjz Prbjk YTLLJ−21.63%−10.74%3.34%Wide0.72
Vjnclvbd Dzbqmcn YwsvRJ9.75%10.01%11.34%Wide0.85
Xfvwkd DktwgRM−19.57%−6.00%−1.58%Wide0.68
Fbtkjtj VXWJX−12.89%−10.68%2.59%Wide0.61
RPPT FQW CBMQKVMSQ42.69%20.02%15.69%Wide0.93
CYY BtyVPS12.57%9.35%2.72%Wide0.92
Fscfmjd Ypchvhrmx Zjcgh HSP SNPVF−25.87%−10.69%−2.75%Wide0.70
Slngkmyx Hvbzdkl CBY XCGKVT−32.65%−5.45%2.40%Wide0.68
Sfrhd Xkrjkcc SP WXVTPJCY−18.91%−6.16%3.03%Wide0.56
Ssmvtztm Ynhcymbchn VtmMGFQ1.44%2.12%12.62%Wide0.87
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List Criteria

Wide-Moat Stocks

Morningstar’s ratings for economic moat capture how likely a company is to keep competitors at bay for an extended period. One of the keys to finding superior long-term investments is buying companies that will be able to stay one step ahead of their competitors. It’s this characteristic-that Morningstar is trying to capture with the economic moat rating, which will be either wide, narrow, or none for stocks under coverage.

4- and 5-Star Stocks

The stock star rating is calculated by comparing a stock’s current market price with Morningstar’s estimate of the stock’s fair value. The bigger the discount, the higher the star rating. Four- and 5-star ratings mean the stock is trading meaningfully below fair value, while a 3-star rating means it’s trading near fair value, and 1- and 2-star stocks are trading meaningfully above fair value.

Medium or Low Fair Value Uncertainty

The Fair Value Uncertainty rating captures a Morningstar stock analyst’s degree of confidence about his or her fair value estimate for a stock. Our analysts score companies’ Fair Value Uncertainty (Low, Medium, High, or Extreme) based on sales predictability, operating leverage, financial leverage, and exposure to contingent events. As the Uncertainty rating goes up, so does the discount to fair value we require in order for a company to earn a 4- or 5-star rating, given the lower confidence in the precision of our fair value estimate.