After pullback this ASX share is fairly valued again

Morningstar analyst Esther Holloway suggests that after a recent pullback, Washington H. Soul Pattinson and Co. Ltd (SOL.AX) is now fairly valued at their unchanged $35 fair value estimate. The article discusses the recent merger with Brickworks, noting that while the market reacted positively, no new value was created. The combined entity is larger and more liquid, but this has not been enough to support the share price. Morningstar values Soul Patts as the sum of its parts, including its holdings in New Hope and TPG, a diversified public equity portfolio, and alternative assets. While some holdings are undervalued, others are overvalued, leading to a neutral overall valuation.