Morningstar ups fair value estimate for Australia's Washington H Soul Pattinson and Company

Washington H. Soul Pattinson and

31/03/2026 20:53

** Morningstar raises fair value estimate for local investment firm Washington H Soul Pattinson and Company SOL.AX by 10% to A$38.50 per share

** The upgrade is due to higher appraised values for SOL's unlisted assets, about two-thirds of its portfolio which includes private companies, real estate, property, and the credit business, adds Morningstar

** SOL's first-half underlying profit after tax was higher mostly on gains from property contributions, partly offset by lower contributions from its large shareholding in coal miner New Hope Corp NHC.AX, says Morningstar

** Morningstar says SOL's listed holdings that are exposed to energy have potentially benefitted from higher thermal coal prices due to the Middle East conflict, reversing prior weakness from HY

** About one-third of SOL's listed holdings are exposed to energy, adds Morningstar

** YTD, stock up 8.8% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))