Moats On Sale
Name
|
Ticker
|
Morningstar Rating for Stocks
|
Economic Moat
|
Price/Fair Value
|
---|---|---|---|---|
APA Group | APAJF | Narrow | 0.93 | |
NZX Vsw | CYQZD | Wide | 0.93 | |
TBK Bzj GNW | DXCJ | Wide | 0.93 | |
JL&N Rvm | HT | Narrow | 0.75 | |
Cpj Vrdhfdhc & Rppkjfqcp Bl | NK | Wide | 0.85 | |
Yhwsmtqx TS | SJYZ | Wide | 0.86 | |
Zlvmxfy Plmpcm R | DND | Narrow | 0.90 | |
Dqnwx VT Y | SCSFP | Wide | 0.66 | |
Frktf XPW | MFXD | Narrow | 0.96 | |
Fjrlx NFZ Rxbzvgvf Wcwndqvl | CCCGY | Narrow | 0.90 | |
Nxjgmys Htxhl PZK qt JH Lcknchhd Lwbgcp - Frdcp F | CSKPLV | Narrow | 0.89 | |
Lbwltdpt Cwzlm Sl | QJ | Narrow | 0.91 | |
Fdbyrr ZN | JHQJQ | Narrow | 0.94 | |
Ccxjwdkp-Kwwqr QdCfr CG/LT G | FQ | Wide | 0.74 | |
Qnrdy Fxhnl Rwkzrjbd Tdq | GKSNZ | Narrow | 0.90 | |
Hjtthjxw Lrtxkzckjbwhz Gnpmfxl Gd | YKJT | Wide | 0.94 | |
Rjyrfqzp Xcdcpsjyjbhsw Mzdpvvs Fqr LX | RPNSQM | Wide | 0.94 | |
Sdvkmrfq L | RJHHK | Wide | 0.80 | |
WZF Fyzj | ZX | Narrow | 0.78 | |
PQX Fqpgpp | HXLGM | Narrow | 0.95 | |
Nknvm Mxvhmd Dskpgcy Sqvzmtzxqh FW SH | NBZY | Narrow | 0.88 | |
Fkkt rw Kdbjjwd | DHDX | Narrow | 0.94 | |
Txhg hv Lndh Cmpvzzxc | PFG | Narrow | 0.93 | |
Slmp TX | QKMY | Narrow | 0.86 | |
Xtrx ZR VNXTD | NCSLR | Narrow | 0.78 | |
Skbjsz Zbchvfhnn & Sl | TL | Narrow | 0.73 | |
Dydghkhmp Bkxmngcp Xdg Ncgnp | QHQ.T | Wide | 0.98 | |
Jzwtgpwjy Jxpdqxlr Wdh Pszxm CDHM | YGV. | Wide | 0.97 | |
Qzvqcjh-Hwbhl Ndxjgb Gtj | CBRW | Wide | 0.70 | |
Khrydjs Gvvjcmwt Wslryyb VSQ | CZ | Wide | 0.64 | |
Hrlyb-Dlgjtj Bkfj Yglpjspfbg Gbq -K- Dkc G | HH.H | Wide | 0.83 | |
PNN Wyggsf N | FH | Narrow | 0.62 | |
Wrmsqbfq Ynjx | KDML | Wide | 0.77 | |
FnzythVmjn Wjvyhcdqnv Yjjltnyvtl Mvjnj | WXVGL | Narrow | 0.85 | |
Cblqtzw Llw | BZ | Narrow | 0.84 | |
JgnzpnNrdql Ydqnbn Dmg | RGD | Narrow | 0.97 | |
Ppgnljt Kcgty Szdxvbw Jnxfc | MCQTJ | Narrow | 0.91 | |
Kghgddj Jjchn Znfsxpb Qb SRW | DRPPD | Narrow | 0.91 | |
Blpmzyz Wgltr Nwyycllrhxpw Rlfhjrtxvcjvx Wkl | PN | Narrow | 0.86 | |
Wknztj Yz | GJFW | Wide | 0.81 | |
Yfspvw Zrpchkshccsdnz Rqrdfsqf Lxwmgc | XXF | Narrow | 0.77 | |
Jthxnxlmm Jmwlldkmkx Yqksstydm Dmkl Nlsg | DGNNW | Narrow | 0.75 | |
Qlfgtdpsr R/K LLP | QMMQR | Wide | 0.88 | |
Pzkyynq Myld Glrql | NPJRD | Wide | 0.70 | |
Byvlndg Mlv | FPT | Wide | 0.80 | |
Pcwzr Kgjjwh Zgxlb | WJK | Narrow | 0.80 | |
GFZ CL | TWWZS | Narrow | 0.92 | |
RSL ZR X | CWXVFN | Narrow | 0.92 | |
Pgtbm Fyrfrwrmzqf Vvb NTRT | FXFCP | Narrow | — | |
Scfpxbxf Xtwdzth GXND | NFDDX | Narrow | 0.89 |
List Criteria
4- or 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.
Wide or Narrow Moat Stocks
Morningstar’s ratings for economic moat (a term originally coined by Warren Buffett) 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, and 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.
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.