Experian PLC

EXPN: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 2,168.00	Ghmnf	Brjntfd

Experian Earnings: Quarter Modestly Slower but in Line With Expectations

Rajiv Bhatia

Jul 13, 2023

Wide-moat Experian reported 5% organic revenue growth in the firm’s fiscal first quarter, a downtick from 8% in the prior quarter as lending tightens. Overall, there was little in the firm’s trading update that would alter our long-term view of the firm and we will maintain our fair value estimate of GBX 3,300. We regard shares as modestly undervalued and continue to believe that Experian’s peers TransUnion and Equifax offer a more compelling opportunity to investors.

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