Epiroc AB Ordinary Shares - Class A
EPI A: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 863.00 | Bfghpmt | Dzhrfyzmfv |
Epiroc Receives Record Order Intake in Q2 as Mining Activity Rebounds; Shares Fully Valued
Narrow-moat Epiroc met company-provided consensus estimates for revenue and operating profit in the second quarter. Organic revenue growth of 22% year over year against a weak comparative and 14% year to date is tracking in line with our full-year expectations. We maintain our SEK 125 fair value estimate and view shares as being fully valued, currently trading above 30 times company-provided earnings estimates for 2022.