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IHS Markit

Nasdaq:INFO
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INFO
Nasdaq
$22B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The last earnings update was 61 days ago. More info.


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INFO Share Price and Events
7 Day Returns
1.6%
NasdaqGS:INFO
1.7%
US Professional Services
1.6%
US Market
1 Year Returns
13.2%
NasdaqGS:INFO
7.4%
US Professional Services
3.2%
US Market
INFO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IHS Markit (INFO) 1.6% 3.4% 15.8% 13.2% - -
US Professional Services 1.7% 2.7% 18.9% 7.4% 35.1% 46.5%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • INFO outperformed the Professional Services industry which returned 7.4% over the past year.
  • INFO outperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
INFO
Industry
5yr Volatility vs Market

INFO Value

 Is IHS Markit undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IHS Markit to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for IHS Markit.

NasdaqGS:INFO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:INFO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.96 (1 + (1- 19%) (25.74%))
1.107
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.107 * 6.65%)
10.09%

Discounted Cash Flow Calculation for NasdaqGS:INFO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IHS Markit is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:INFO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.09%)
2019 1,124.38 Analyst x8 1,021.31
2020 1,232.14 Analyst x7 1,016.60
2021 1,320.95 Est @ 7.21% 989.97
2022 1,398.42 Est @ 5.86% 951.96
2023 1,467.28 Est @ 4.92% 907.27
2024 1,529.87 Est @ 4.27% 859.26
2025 1,588.08 Est @ 3.81% 810.19
2026 1,643.39 Est @ 3.48% 761.55
2027 1,696.91 Est @ 3.26% 714.27
2028 1,749.50 Est @ 3.1% 668.90
Present value of next 10 years cash flows $8,701.30
NasdaqGS:INFO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,749.50 × (1 + 2.73%) ÷ (10.09% – 2.73%)
$24,413.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $24,413.31 ÷ (1 + 10.09%)10
$9,334.21
NasdaqGS:INFO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,701.30 + $9,334.21
$18,035.51
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,035.51 / 399.41
$45.16
NasdaqGS:INFO Discount to Share Price
Calculation Result
Value per share (USD) From above. $45.16
Current discount Discount to share price of $55.25
= -1 x ($55.25 - $45.16) / $45.16
-22.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of IHS Markit is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IHS Markit's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IHS Markit's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:INFO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $1.38
NasdaqGS:INFO Share Price ** NasdaqGS (2019-03-19) in USD $55.25
United States of America Professional Services Industry PE Ratio Median Figure of 35 Publicly-Listed Professional Services Companies 22.83x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IHS Markit.

NasdaqGS:INFO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:INFO Share Price ÷ EPS (both in USD)

= 55.25 ÷ 1.38

40.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IHS Markit is overvalued based on earnings compared to the US Professional Services industry average.
  • IHS Markit is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does IHS Markit's expected growth come at a high price?
Raw Data
NasdaqGS:INFO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
12.7%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 32 Publicly-Listed Professional Services Companies 1.59x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGS:INFO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.18x ÷ 12.7%

3.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IHS Markit is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on IHS Markit's assets?
Raw Data
NasdaqGS:INFO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $20.20
NasdaqGS:INFO Share Price * NasdaqGS (2019-03-19) in USD $55.25
United States of America Professional Services Industry PB Ratio Median Figure of 56 Publicly-Listed Professional Services Companies 2.35x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:INFO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:INFO Share Price ÷ Book Value per Share (both in USD)

= 55.25 ÷ 20.20

2.74x

* Primary Listing of IHS Markit.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IHS Markit is overvalued based on assets compared to the US Professional Services industry average.
X
Value checks
We assess IHS Markit's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. IHS Markit has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

INFO Future Performance

 How is IHS Markit expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IHS Markit expected to grow at an attractive rate?
  • IHS Markit's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • IHS Markit's earnings growth is positive but not above the United States of America market average.
  • IHS Markit's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:INFO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:INFO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 12.7%
NasdaqGS:INFO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 7.4%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 21.2%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:INFO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:INFO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-11-30 4,980 811 5
2020-11-30 4,732 1,544 692 18
2019-11-30 4,464 1,428 572 18
NasdaqGS:INFO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 4,009 1,290 542
2018-08-31 3,886 1,175 566
2018-05-31 3,790 1,096 608
2018-02-28 3,688 914 592
2017-11-30 3,600 962 417
2017-08-31 3,529 882 399
2017-05-31 3,349 761 223
2017-02-28 3,031 737 168
2016-11-30 2,735 638 144
2016-08-31 2,417 591 103
2016-05-31 2,250 607 190
2016-02-29 2,219 576 192

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IHS Markit's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • IHS Markit's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:INFO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from IHS Markit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:INFO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-11-30 2.12 2.26 1.98 2.00
2020-11-30 1.71 1.86 1.61 11.00
2019-11-30 1.39 1.52 1.28 11.00
NasdaqGS:INFO Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 1.38
2018-08-31 1.43
2018-05-31 1.53
2018-02-28 1.49
2017-11-30 1.04
2017-08-31 0.99
2017-05-31 0.57
2017-02-28 0.48
2016-11-30 0.46
2016-08-31 0.39
2016-05-31 0.58
2016-02-29 0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IHS Markit is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IHS Markit's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IHS Markit has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

INFO Past Performance

  How has IHS Markit performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IHS Markit's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IHS Markit has delivered over 20% year on year earnings growth in the past 5 years.
  • IHS Markit's 1-year earnings growth is less than its 5-year average (30.1% vs 33.1%)
  • IHS Markit's earnings growth has exceeded the US Professional Services industry average in the past year (30.1% vs 25.4%).
Earnings and Revenue History
IHS Markit's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IHS Markit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:INFO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 4,009.20 542.30 1,192.80
2018-08-31 3,886.10 566.20 1,162.20
2018-05-31 3,789.80 607.60 1,143.30
2018-02-28 3,687.60 592.20 1,118.30
2017-11-30 3,599.70 416.90 1,096.00
2017-08-31 3,528.80 399.30 1,057.00
2017-05-31 3,348.70 222.70 1,055.80
2017-02-28 3,030.50 168.20 988.60
2016-11-30 2,734.80 143.60 907.10
2016-08-31 2,416.70 102.90 867.20
2016-05-31 2,249.88 190.48 799.69
2016-02-29 2,218.92 192.35 795.35
2015-11-30 2,184.30 188.90 795.30
2015-08-31 2,059.91 185.03 766.31
2015-05-31 2,058.14 174.67 777.50
2015-02-28 2,069.21 183.49 778.48
2014-11-30 2,079.80 178.00 789.80
2014-08-31 2,208.15 175.24 828.45
2014-05-31 2,132.43 152.19 796.51
2014-02-28 1,982.56 139.59 736.48
2013-11-30 1,692.00 116.52 642.07
2013-08-31 1,695.31 137.43 608.69
2013-05-31 1,600.64 158.04 567.86
2013-02-28 1,569.65 159.35 551.10
2012-11-30 1,529.87 158.15 534.04
2012-08-31 1,486.17 134.80 519.23
2012-05-31 1,439.28 131.41 498.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IHS Markit has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IHS Markit used its assets less efficiently than the US Professional Services industry average last year based on Return on Assets.
  • IHS Markit's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IHS Markit's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IHS Markit has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

INFO Health

 How is IHS Markit's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IHS Markit's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IHS Markit's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • IHS Markit's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of IHS Markit's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IHS Markit Company Filings, last reported 3 months ago.

NasdaqGS:INFO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 8,026.40 5,679.10 120.00
2018-08-31 7,898.50 6,060.70 154.40
2018-05-31 7,776.60 4,461.30 159.00
2018-02-28 8,170.70 4,279.90 156.00
2017-11-30 8,023.50 4,193.30 133.80
2017-08-31 7,771.70 4,000.50 153.80
2017-05-31 7,666.90 3,999.70 162.50
2017-02-28 7,749.90 3,728.70 154.80
2016-11-30 8,142.10 3,383.90 138.90
2016-08-31 8,510.30 3,266.00 200.70
2016-05-31 2,255.94 2,961.32 345.54
2016-02-29 2,139.16 2,998.20 60.50
2015-11-30 2,200.90 2,131.80 291.60
2015-08-31 2,190.98 2,107.71 263.61
2015-05-31 2,163.15 2,150.69 225.88
2015-02-28 2,142.75 1,992.35 209.72
2014-11-30 2,159.55 1,842.36 153.16
2014-08-31 2,111.17 1,911.88 261.81
2014-05-31 2,027.33 1,867.90 221.00
2014-02-28 1,940.82 2,037.20 205.06
2013-11-30 1,906.96 2,174.59 258.37
2013-08-31 1,802.37 2,309.77 271.00
2013-05-31 1,612.86 1,011.82 267.13
2013-02-28 1,538.91 1,055.53 318.70
2012-11-30 1,584.36 1,064.61 345.01
2012-08-31 1,568.64 1,011.51 298.43
2012-05-31 1,479.55 847.46 268.22
  • IHS Markit's level of debt (70.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (113.9% vs 70.8% today).
  • Debt is well covered by operating cash flow (22.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess IHS Markit's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IHS Markit has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

INFO Dividends

 What is IHS Markit's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IHS Markit dividends. Estimated to be 0% next year.
If you bought $2,000 of IHS Markit shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IHS Markit's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IHS Markit's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:INFO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:INFO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-11-30 0.00 4.00
2020-11-30 0.00 5.00
2019-11-30 0.00 5.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IHS Markit has not reported any payouts.
  • Unable to verify if IHS Markit's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IHS Markit's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IHS Markit has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of IHS Markit's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess IHS Markit's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IHS Markit afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IHS Markit has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

INFO Management

 What is the CEO of IHS Markit's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lance Uggla
COMPENSATION $11,184,705
AGE 56
TENURE AS CEO 1.3 years
CEO Bio

Mr. Lance Uggla serves as Chairman and Chief Executive Officer at IHS Markit Ltd. Mr. Uggla served as the President of Markit Ltd. since July 12, 2016. Mr. Uggla founded Markit in 2003 and served as its Chief Executive Officer from 2003 to July 12, 2016. He was responsible for leading Markit’s strategic development and managing its day-to-day operations. He has overseen Markit’s growth from a start-up to a global company with over 3,000 employees in more than 20 offices worldwide, serving over 3,000 customers. He has extensive experience in the management of Global Debt Capital Markets teams and Founder of Markit Group. He served as the Head of Europe and Asia at Toronto-Dominion Securities and responsible for building all offshore debt capital markets activities including its Investment Grade credit trading portfolios, which total more than USD 15 billion. Prior to joining TD Securities in 1995, he served as Head of Global Fixed Income at CIBC World Markets, where he spent nine years. Mr. Uggla served as the Chairman of Markit Ltd. until July 12, 2016. He served as Vice Chair of Toronto-Dominion Securities. He serves as a Director of IHS Markit Ltd. He has been a Director of Markit Ltd., since July 12, 2016. Mr. Uggla served as a Director of Markit Group Limited since 2003 until July 12, 2016. He served as a Director of Markit Ltd since 2003. He graduated from Simon Fraser University in Canada with a BBA and holds an MSc from the London School of Economics.

CEO Compensation
  • Lance's compensation has increased by more than 20% in the past year.
  • Lance's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the IHS Markit management team in years:

1.3
Average Tenure
52
Average Age
  • The average tenure for the IHS Markit management team is less than 2 years, this suggests a new team.
Management Team

Lance Uggla

TITLE
Chairman & CEO
COMPENSATION
$11M
AGE
56
TENURE
1.3 yrs

Todd Hyatt

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
58
TENURE
2.7 yrs

Sari Granat

TITLE
Executive VP
COMPENSATION
$2M
AGE
46
TENURE
0.2 yrs

Jonathan Gear

TITLE
Executive VP & President of Resources
COMPENSATION
$3M
AGE
47

Adam Kansler

TITLE
Executive VP & President of Financial Services
COMPENSATION
$3M
AGE
48

Michael Easton

TITLE
Senior VP & Chief Accounting Officer
AGE
45
TENURE
2.1 yrs

Randy Harvey

TITLE
Executive VP & CTO
AGE
64

Yaacov Mutnikas

TITLE
CTO & Chief Data Scientist
AGE
63
TENURE
1.2 yrs

Eric Boyer

TITLE
Vice President of Investor Relations
TENURE
5.1 yrs

Ronnie West

TITLE
Executive VP & Chief People Officer
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the IHS Markit board of directors in years:

2.7
Average Tenure
63.5
Average Age
  • The average tenure for the IHS Markit board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lance Uggla

TITLE
Chairman & CEO
COMPENSATION
$11M
AGE
56
TENURE
1.3 yrs

Rich Roedel

TITLE
Director
COMPENSATION
$300K
AGE
69
TENURE
2.7 yrs

Jean-Paul Montupet

TITLE
Director
COMPENSATION
$291K
AGE
70
TENURE
2.7 yrs

Dinyar Devitre

TITLE
Director
COMPENSATION
$300K
AGE
71
TENURE
6.3 yrs

Bill Ford

TITLE
Director
COMPENSATION
$292K
AGE
57
TENURE
9.2 yrs

Bob Kelly

TITLE
Lead Director
COMPENSATION
$324K
AGE
63
TENURE
2.7 yrs

Ruann Ernst

TITLE
Director
COMPENSATION
$277K
AGE
71
TENURE
2.7 yrs

Bala Iyer

TITLE
Director
COMPENSATION
$270K
AGE
61
TENURE
2.7 yrs

Debby McWhinney

TITLE
Director
COMPENSATION
$270K
AGE
62
TENURE
2.7 yrs

Jim Rosenthal

TITLE
Director
COMPENSATION
$270K
AGE
64
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by IHS Markit insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Jan 19 Buy James Rosenthal Individual 28. Dec 18 28. Dec 18 1,000 $47.30 $47,300
06. Dec 18 Buy Canada Pension Plan Investment Board Company 08. Oct 18 27. Nov 18 2,845,786 $53.10 $145,367,509
15. Nov 18 Sell General Atlantic Service Company, L.P. Company 14. Nov 18 14. Nov 18 -5,800,000 $50.15 $-290,870,000
06. Jul 18 Sell General Atlantic Service Company, L.P. Company 05. Jul 18 05. Jul 18 -2,000,000 $52.05 $-104,100,000
06. Apr 18 Sell Ruann Ernst Individual 04. Apr 18 04. Apr 18 -7,400 $47.59 $-352,166
X
Management checks
We assess IHS Markit's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IHS Markit has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

INFO News

Simply Wall St News

Shareholders Should Look Hard At IHS Markit Ltd.’s (NASDAQ:INFO) 5.5% Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Read This Before Judging IHS Markit Ltd's (NASDAQ:INFO) ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.071. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

A Look At The Intrinsic Value Of IHS Markit Ltd (NASDAQ:INFO)

I am going to run you through how I calculated the intrinsic value of IHS Markit Ltd (NASDAQ:INFO). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

How Has IHS Markit Ltd's (NASDAQ:INFO) Earnings Fared Against The Long Term Trend

When IHS Markit Ltd (NASDAQ:INFO) released its most recent earnings update (31 May 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well IHS Markit has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … INFO's trailing twelve-month earnings (from 31 May 2018) of US$607.60m has

Simply Wall St -

Who Just Sold Their Shares In IHS Markit Ltd (NASDAQ:INFO)?

large-cap stock … It is widely considered that insider selling stock in their own companies is potentially a bearish signal … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

Does IHS Markit Ltd's (NASDAQ:INFO) Debt Level Pose A Problem?

the health of the financials determines whether the company continues to succeed. … Let’s take a look at IHS Markit’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

What Are Analysts Saying About IHS Markit Ltd's (NASDAQ:INFO) Profit Growth?

To get some insight, I will try to evaluate IHS Markit's margin behaviour to help recognise the underlying make-up of revenue and expenses that is responsible for driving future earnings expectations and what it means for INFO's returns relative to its competitors. … Margin Calculation for INFO Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 592.20 Million ÷ 3.69 Billion = 16.06% IHS Markit's margin have remained steady in the past five years, with average net income growth of 16.66%, keeping pace with 15.74% in average revenue growth indicating that that the previous revenue growth has been accompanied by a stable portion being translated in to net income. … Thus, it is essential to run your own analysis on IHS Markit's future expectations whilst maintaining a watchful eye over the likelihood and sustainability of the top line performance that is expected to drive earnings growth.

Simply Wall St -

Positive Sentiment Around IHS Markit Ltd (NASDAQ:INFO) Is Justified

A reason I like INFO as a business is its low level of fixed assets on its balance sheet (3.65% of total assets). … Although, comparing INFO's current share price to its peers based on its industry and earnings level, it's overvalued by 115.56%, with a PE ratio of 46.12x vs. … INFO is appealing because of the growth story, the possibility that it is yet to be factored into the share price, and the strong capital management.

Simply Wall St -

Is IHS Markit Ltd (NASDAQ:INFO) Undervalued After Accounting For Its Future Growth?

IHS Markit is trading at price-to-earnings (PE) ratio of 46.96x, this tells us the stock is overvalued compared to the US market average ratio of 18.61x , and overvalued based on current earnings compared to the professional services industry average of 22.46x. … NasdaqGS:INFO PE PEG Gauge Mar 17th 18 After looking at INFO's value based on current earnings, we can see it seems overvalued relative to other companies in the industry. … This means that, when we account for IHS Markit's growth, the stock can be viewed as overvalued , based on its fundamentals.

Simply Wall St -

IHS Markit Ltd (NASDAQ:INFO): What The Forecasts Are Telling Us

To help investors get a top level understanding, this article will interpret IHS Markit's margin performance to help recognise the underlying make-up of revenue and expenses that is responsible for driving future earnings expectations and what it means for INFO's returns relative to its competitors. … Margin Calculation for INFO Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 399.30 Million ÷ 3.53 Billion = 11.32% The past five years have seen IHS Markit's margin contract, due to average revenue growth of 15.12% surpassing 8.90% in average net income growth, which suggests that a smaller percentage of revenue falls to the bottom line despite the fact revenue has increased over the previous 5 years. … Understanding what could be driving IHS Markit's future earnings Based on future expectations, INFO's profit margin will transition into expansion, with an expectation of 6.18% in annual revenue growth and annual net income growth forecasted at 14.66%.

Simply Wall St -

INFO Company Info

Description

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company’s information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Resources segment provides upstream, midstream, downstream, and power/gas/coal/renewables services. This segment also offers data for manufacturing processes, as well as capital expenditure, cost, price, production, trade, demand, and capacity industry analysis and forecasts. The company’s Transportation segment provides authoritative analysis, as well as sales and production forecasts for light vehicles, medium and heavy commercial vehicles, powertrains, components, and technology systems; and performance measurement tools and marketing solutions for carmakers, dealers, and agencies. It also offers comprehensive data on ships, as well as monthly import and export statistics on approximately 90 countries; and specifications for military vehicles, naval vessels, and aircraft types. The company’s Consolidated Markets & Solutions segment provides discovery technologies, research tools, and software-based engineering decision engines; components and devices, performance analytics, and end market intelligence for technology, media, and telecom industries; and economic and risk data, forecast, and analytic tools. Its Financial Services segment provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial markets participants, as well as operations, compliance, and enterprise data managers. IHS Markit Ltd. was founded in 1959 and is headquartered in London, the United Kingdom.

Details
Name: IHS Markit Ltd.
INFO
Exchange: NasdaqGS
Founded: 1959
$22,067,172,494
399,405,837
Website: http://www.ihsmarkit.com
Address: IHS Markit Ltd.
Ropemaker Place,
4th Floor,
London,
Greater London, EC2Y 9LY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS INFO Common Stock Nasdaq Global Select US USD 13. Jul 2016
BST 0M3 Common Stock Boerse-Stuttgart DE EUR 13. Jul 2016
LSE 0UAI Common Stock London Stock Exchange GB USD 13. Jul 2016
Number of employees
Current staff
Staff numbers
14,900
IHS Markit employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:41
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/01/18
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.