Experian PLC

EXPN: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 4,154.00	Ffm	Hnpdlwpx

No Big Surprises in Experian's Fourth Quarter

Rajiv Bhatia

May 18, 2022

Experian reported a decent end to its fiscal year with 9% organic revenue growth in the fourth quarter, roughly consistent with the FactSet consensus. Experian’s fiscal 2023 outlook for 7%-9% organic revenue growth is solid, in our view, and in line with our estimates but a bit shy of consensus expectations. Overall, there was little that would alter our long-term view of the firm, and we will maintain our wide moat rating and GBX 3,230 fair value estimate.

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