The Intrinsic Value Podcast - The Investor’s Podcast Network
MI370: The Company Behind The S&P 500: Valuing S&P Global w/ Daniel Mahncke
Sep 23, 2024
Daniel Mahncke, a stock investor and founder of The All-in-One Investing Platform, dives into the multifaceted world of S&P Global. He explains the company's pivotal role in financial markets, detailing its five crucial business units. The discussion highlights how the merger with IHS Markit reshaped S&P Global's future and addresses the company's controversial past amid the Great Financial Crisis. Mahncke also explores the significance of credit ratings and examines the latest valuation insights, painting a comprehensive picture of what makes S&P Global an attractive investment.
57:25
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Quick takeaways
- S&P Global operates through various business units, including a key role in providing credit ratings that influence global debt markets.
- The company's recent merger with IHS Markit has bolstered its capabilities, enhancing data offerings and competitive positioning in the financial sector.
Deep dives
Overview of S&P Global's Business Structure
S&P Global operates through various interconnected business units that extend beyond its well-known S&P 500 index. The company includes an indexing side that builds financial market indexes, generating revenue through licensing agreements with investment funds. Additionally, S&P is a leading credit rating agency, occupying a crucial role in global debt markets by providing essential ratings that determine the creditworthiness of companies and governments. This dual focus not only solidifies S&P's place in the financial ecosystem but also enhances its revenue streams through the complexities of its integrated operations.
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