Seek Ltd
SEK: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$22.00 | Lwjknpl | Qkycpbcfq |
Seek: Fair Value Estimate Raised on Increased Focus on Core Markets
We raise our fair value estimate for narrow-moat Seek by 5% to AUD 20 per share following its decision to sell its Latin American businesses. The increase in our fair value estimate reflects our expectation for stronger execution in Seek’s core markets as a result of management’s improved focus.