Morningstar Magazine - February/March 2018 - 76

Data Dashboard

Morningstar Wide Moat Focus Index The index consists
of U.S. wide-moat stocks with the lowest price/fair value ratios.
The table below shows the 20 cheapest in the index.

Morningstar Equity Star Rating Tracker Number of stocks

globally that received undervalued (4 and 5 stars) and overvalued
(1 and 2 stars) ratings from Morningstar's equity analysts.
Number of Stocks

12/2014-12/2017

Growth of $10K (01/2015-12/2017)

700

Overvalued

$16K

Morningstar Wide Moat Focus Index

599

251 350

14.50
13.75

Morningstar
US Market Index

Undervalued

8

0
12/2014

12/2015

12/2016

Company

GlaxoSmithKline GSK:GB
Elekta AB EKTA B:SE

Price

4
01/2015

10 Most Undervalued Non-U.S. Stocks With Wide Moats 12/31/2017
Fair Value

GBX 1322.50 GBX 1,890.00

12

01/2016

01/2017

Top 20 Cheapest Index Holdings 12/31/2017
Company

Price ($)

Fair
Value ($)

P/FV

0.70 QQQQ

Allergan AGN

163.58

263.00

0.62

0.73 QQQQ

Stericycle SRCL

67.99

105.00

0.65

0.74 QQQQQ

General Electric GE

17.45

26.00

0.67

P/FV

Morningstar
Rating

SEK 67.75

SEK 93.00

CHF 246.50

CHF 332.00

Enbridge ENB:CA

CAD 49.16

CAD 64.00

0.77 QQQQ

Cardinal Health CAH

61.27

84.00

0.73

Sanofi SAN:FR

EUR 71.85

EUR 92.00

0.78 QQQQ

CVS Health CVS

72.50

99.00

0.73

GBX 3,166.00 GBX 3,900.00

0.81 QQQQ

McKesson MCK

155.95

210.00

0.74

102.23

131.00

0.78

Roche ROG:CH

Imperial Brands IMB:GB

HKD 406.00

HKD 492.00

0.83 QQQQ

Salesfore.com CRM

GEA Group G1A:DE

EUR 40.01

EUR 47.00

0.85 QQQQ

Guideware Software GWRE

74.26

95.00

0.78

Anheuser-Busch InBev ABI:BE

EUR 93.13

EUR 105.00

0.89 QQQ

Twenty-First Century Fox FOXA

34.53

43.00

0.80

Grp Aeroprt Centro Norte OMA B:MX MXN 101.67

MXN 114.00

0.89 QQQ

Walt Disney DIS

107.51

130.00

0.83

Tencent 00700:CN

10 Most Undervalued Morningstar Equity Best Ideas 12/31/2017
Company

Price

Fair Value

Morningstar
P/FV Rating

Cameco CCO:CA

CAD 11.61 CAD 22.00 0.53 QQQQQ

Cenovus Energy CVE:CA

CAD 11.48 CAD 21.00 0.55 QQQQ

Mattel MAT

$15.38

$25.50 0.60 QQQQQ

Synaptics SYNA

$39.94

$64.00 0.62 QQQQ

Telefonica TEF

$9.68

$15.50 0.62 QQQQ

Allergan AGN

$163.58

$263.00 0.62 QQQQQ

TripAdvisor TRIP

$34.46

$55.00 0.63 QQQQ

Advance Auto Parts AAP

$99.69

$155.00 0.64 QQQQQ

Great Wall Motor 2333:HK
Stericycle SRCL

76

Morningstar February/March 2018

HKD 8.95 HKD 14.00 0.64 QQQQ
$67.99

$105.00 0.65 QQQQQ

Medtronic MDT

80.75

97.00

0.83

Express Scripts ESRX

74.64

89.00

0.84

Mondelez International MDLZ

42.80

51.00

0.84

Veeva Systems VEEV

55.28

65.00

0.85

Gilead Sciences GILD

71.64

84.00

0.85

Compass Minerals International CMP

72.25

84.00

0.86

The Western Union WU

19.01

22.00

0.86

Merck MRK

56.27

65.00

0.87

AmerisourceBergen ABC

91.82

106.00

0.87

Starbucks SBUX

57.43

66.00

0.87

Morningstar, Inc's Investment Management division licenses indexes to financial institutions as the tracking indexes for
investable products, such as exchange-traded funds, sponsored by the financial institution. The license fee for such use is
paid by the sponsoring financial institution based mainly on the total assets of the investable product. Neither Morningstar,
Inc. nor its investment management division markets, sells or makes any representations regarding the advisability of
investing in any investable product that tracks a Morningstar index.
The Best Ideas list is compiled by Morningstar's equity research teams. Price/fair-value ratios are calculated by Morningstar
analysts and reflect stocks currently under coverage. Wide Moat Focus Index methodology changed in June 2016.


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Table of Contents for the Digital Edition of Morningstar Magazine - February/March 2018

Contents
Morningstar Magazine - February/March 2018 - Cover1
Morningstar Magazine - February/March 2018 - Cover2
Morningstar Magazine - February/March 2018 - 1
Morningstar Magazine - February/March 2018 - 2
Morningstar Magazine - February/March 2018 - Contents
Morningstar Magazine - February/March 2018 - 4
Morningstar Magazine - February/March 2018 - 5
Morningstar Magazine - February/March 2018 - 6
Morningstar Magazine - February/March 2018 - 7
Morningstar Magazine - February/March 2018 - 8
Morningstar Magazine - February/March 2018 - 9
Morningstar Magazine - February/March 2018 - 10
Morningstar Magazine - February/March 2018 - 11
Morningstar Magazine - February/March 2018 - 12
Morningstar Magazine - February/March 2018 - 13
Morningstar Magazine - February/March 2018 - 14
Morningstar Magazine - February/March 2018 - 15
Morningstar Magazine - February/March 2018 - 16
Morningstar Magazine - February/March 2018 - 17
Morningstar Magazine - February/March 2018 - 18
Morningstar Magazine - February/March 2018 - 19
Morningstar Magazine - February/March 2018 - 20
Morningstar Magazine - February/March 2018 - 21
Morningstar Magazine - February/March 2018 - 22
Morningstar Magazine - February/March 2018 - 23
Morningstar Magazine - February/March 2018 - 24
Morningstar Magazine - February/March 2018 - 25
Morningstar Magazine - February/March 2018 - 26
Morningstar Magazine - February/March 2018 - 27
Morningstar Magazine - February/March 2018 - 28
Morningstar Magazine - February/March 2018 - 29
Morningstar Magazine - February/March 2018 - 30
Morningstar Magazine - February/March 2018 - 31
Morningstar Magazine - February/March 2018 - 32
Morningstar Magazine - February/March 2018 - 33
Morningstar Magazine - February/March 2018 - 34
Morningstar Magazine - February/March 2018 - 35
Morningstar Magazine - February/March 2018 - 36
Morningstar Magazine - February/March 2018 - 37
Morningstar Magazine - February/March 2018 - 38
Morningstar Magazine - February/March 2018 - 39
Morningstar Magazine - February/March 2018 - 40
Morningstar Magazine - February/March 2018 - 41
Morningstar Magazine - February/March 2018 - 42
Morningstar Magazine - February/March 2018 - 43
Morningstar Magazine - February/March 2018 - 44
Morningstar Magazine - February/March 2018 - 45
Morningstar Magazine - February/March 2018 - 46
Morningstar Magazine - February/March 2018 - 47
Morningstar Magazine - February/March 2018 - 48
Morningstar Magazine - February/March 2018 - 49
Morningstar Magazine - February/March 2018 - 50
Morningstar Magazine - February/March 2018 - 51
Morningstar Magazine - February/March 2018 - 52
Morningstar Magazine - February/March 2018 - 53
Morningstar Magazine - February/March 2018 - 54
Morningstar Magazine - February/March 2018 - 55
Morningstar Magazine - February/March 2018 - 56
Morningstar Magazine - February/March 2018 - 57
Morningstar Magazine - February/March 2018 - 58
Morningstar Magazine - February/March 2018 - 59
Morningstar Magazine - February/March 2018 - 60
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Morningstar Magazine - February/March 2018 - 62
Morningstar Magazine - February/March 2018 - 63
Morningstar Magazine - February/March 2018 - 64
Morningstar Magazine - February/March 2018 - 65
Morningstar Magazine - February/March 2018 - 66
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Morningstar Magazine - February/March 2018 - 68
Morningstar Magazine - February/March 2018 - 69
Morningstar Magazine - February/March 2018 - 70
Morningstar Magazine - February/March 2018 - 71
Morningstar Magazine - February/March 2018 - 72
Morningstar Magazine - February/March 2018 - 73
Morningstar Magazine - February/March 2018 - 74
Morningstar Magazine - February/March 2018 - 75
Morningstar Magazine - February/March 2018 - 76
Morningstar Magazine - February/March 2018 - 77
Morningstar Magazine - February/March 2018 - 78
Morningstar Magazine - February/March 2018 - 79
Morningstar Magazine - February/March 2018 - 80
Morningstar Magazine - February/March 2018 - Cover3
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