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Stock Analysis & ValuationIHS Markit Ltd. (0UAI.L)

Professional Stock Screener
Previous Close
£51.60
Sector Valuation Confidence Level
Moderate
Valuation methodValue, £Upside, %
Artificial intelligence (AI)n/an/a
Intrinsic value (DCF)n/a
Graham-Dodd Method5.90-89
Graham Formulan/a

Strategic Investment Analysis

Company Overview

IHS Markit Ltd. (LSE: 0UAI.L) is a global leader in providing critical information, analytics, and solutions across multiple industries, including financial services, transportation, resources, and consolidated markets. Headquartered in London, the company serves businesses, financial institutions, and governments with data-driven insights that enhance operational efficiency and strategic decision-making. IHS Markit operates through four key segments: Financial Services, offering pricing data, indices, and trading solutions; Transportation, delivering vehicle market forecasts and maritime data; Resources, providing upstream and downstream energy analytics; and Consolidated Markets & Solutions, which includes economic forecasting and risk assessment tools. Founded in 1959, IHS Markit has established itself as a trusted partner in data intelligence, helping clients navigate complex market dynamics. The company's diversified revenue streams and strong industry positioning make it a key player in the Industrials sector, particularly within business equipment and analytics services.

Investment Summary

IHS Markit presents a compelling investment case due to its diversified revenue streams, strong market positioning, and high-margin analytics business. With FY2021 revenue of $4.66B and net income of $1.21B, the company demonstrates robust profitability (EPS diluted: $3.01). Its operating cash flow of $1.49B supports financial stability, though investors should note its significant total debt of $4.96B. The company's beta of 1.05 suggests moderate market correlation, making it a relatively stable pick within the Industrials sector. A dividend yield of $0.51 per share adds income appeal. However, risks include exposure to cyclical industries (e.g., automotive, energy) and integration challenges post its merger with S&P Global in 2022. Long-term growth depends on continued demand for data analytics across sectors.

Competitive Analysis

IHS Markit holds a competitive edge through its comprehensive, industry-specific datasets and analytics platforms, particularly in financial services and transportation. Its Financial Services segment competes with Bloomberg and Refinitiv by offering specialized indices and trade processing solutions. In Transportation, its vehicle forecasting tools are industry benchmarks, though competitors like J.D. Power challenge its used-car analytics. The Resources segment’s energy data competes with Wood Mackenzie and Rystad Energy, but IHS Markit’s integration of upstream and downstream insights provides a unique advantage. The company’s moat lies in its long-standing client relationships and high switching costs due to deeply embedded workflows. However, it faces pressure from niche players offering cheaper, disruptive solutions in areas like alternative data analytics. Post-merger with S&P Global, the combined entity strengthens its competitive position but must navigate antitrust scrutiny and overlapping product lines.

Major Competitors

  • S&P Global Inc. (SPGI): S&P Global (NYSE: SPGI) is a dominant player in credit ratings, market intelligence, and benchmarks. Its acquisition of IHS Markit in 2022 created a data and analytics powerhouse, but overlaps in indices and financial data pose integration challenges. Strengths include unparalleled scale in ratings and research, while weaknesses include regulatory risks and slower innovation in legacy products.
  • Thomson Reuters Corporation (TRI): Thomson Reuters (NYSE: TRI) competes in financial data (Refinitiv divestiture reduced direct overlap) and legal/regulatory analytics. Strengths include its stronghold in legal tech and tax software, but it lags in energy and transportation verticals where IHS Markit excels. Its recent AI-driven initiatives aim to counter IHS Markit’s predictive analytics edge.
  • Moody's Corporation (MCO): Moody’s (NYSE: MCO) rivals IHS Markit in credit ratings and risk analytics but lacks depth in non-financial sectors like automotive or energy. Strengths include brand recognition in ratings, while weaknesses include limited diversification beyond financial services compared to IHS Markit’s multi-industry footprint.
  • IHS Markit Ltd. (INFO): Note: This is the NASDAQ-listed ticker for IHS Markit pre-merger. Competitors like FactSet (FDS) and Morningstar (MORN) vie for market share in investment research and data, but IHS Markit’s broader industry coverage and proprietary datasets (e.g., maritime, chemical) differentiate it.
  • Wood Mackenzie (WMTK): A private competitor in energy and resources analytics, Wood Mackenzie specializes in upstream oil and gas data, challenging IHS Markit’s Resources segment. Strengths include deep technical expertise, but its lack of financial services or transportation exposure limits its diversification compared to IHS Markit.
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