CXO 4.17% 11.5¢ core lithium ltd

It probably means that the moon was about to move into the...

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    It probably means that the moon was about to move into the constellation of Virgo but then an aircraft flew overhead and the model got confused.

    More seriously, there's some explanation of Morningstar's "fair value" appraisals here, but after reading it I am not much wiser.

    https://www.morningstar.com/articles/735361/the-morningstar-fair-value-estimate


    Summary below, there's a helpful little video on that site.

    The Morningstar Fair Value Estimate tells investors what the long-term intrinsic value of a stock is, helping them see beyond the present market price.

    Morningstar calculates the fair value estimate of a company based on how much cash we think the company will generate in the future. When determining the fair value estimate, Morningstar also takes into account the predictability of a company's future cash flows--the uncertainty rating. A stock with a higher uncertainty rating requires a larger margin of safety before earning a 4- or 5-star rating.

    The Morningstar Fair Value Estimate is a measuring stick for determining long-term intrinsic value.


 
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