Equifax Inc.


SKU: EFX Category:


Equifax delivered a mixed result in the recent quarter, with revenues below market expectations but managed to surpass the analyst consensus regarding earnings. Last quarter, the company faced a challenge, particularly in the mortgage and hiring markets. However, they successfully outperformed their underlying markets with non-mortgage growth. Despite the headwinds, they achieved strong mortgage outperformance and new product growth, setting a significant Vitality Index. Equifax executed well on its cost reduction program, resulting in margin expansion. While the U.S. mortgage market weakened, they delivered adjusted EPS and EBITDA margins above guidance. The company saw good customer demand across their consumer, commercial, and government lines of business globally, except in the US mortgage and hiring sectors. Equifax plans to focus on its cloud transformation and new product rollouts to maintain growth and financial stability. Additionally, they received shareholder approval for acquiring Boa Vista Servicos, expanding their presence in the Brazilian market. Equifax continues investing in AI to enhance data analytics capabilities and develop advanced models and customer scores. We give Equifax Inc a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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