Ferguson Enterprises Inc

FERG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 73,681.00	Sychb	Tpvkwxtx

Ferguson Earnings: On Track to Deliver Full-Year Growth Despite Slowing End Markets

Brian Bernard

Jun 6, 2023

After reviewing Ferguson’s fiscal third-quarter results and 2023 outlook, we’ve raised our fair value estimate for the New York Stock Exchange-listed shares approximately 2% to $141 per share, primarily due to the time value of money. The change in the GBP/USD exchange rate since our last update (1.24 versus 1.26), along with time value of money, caused us to raise our fair value estimate for London Stock Exchange-listed shares about 4% to GBX 11,400.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

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