Elekta AB Class B

EKTA B: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SEK 471.00	Msp	Vkpqndp

China Continues To Be a Drag on Elekta's Revenue Growth and Installations in Q3

Alex Morozov

Feb 24, 2023

We are maintaining our fair value estimate of SEK 127 for wide-moat Elekta following the release of third-quarter results. After the first half of the year saw a decrease in gross order intake and net sales at constant-exchange rates, the third quarter rebounded with 9% and 8% increases respectively year over year. We currently view shares as undervalued.

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