Getinge AB Class B
GETI B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 155.00 | Tnncz | Blxlgbz |
Getinge's Growth Slows Due to Supply Chain Delays and Lower Vent Demand; Shares Now Fairly Priced
Narrow-moat Getinge's first quarter was materially affected by supply chain challenges, which delayed 5% of all sales, though there was little in the earnings release that changes our long-term view. We are keeping our SEK 274 fair value estimate in place. Shares now look fairly valued following a post-earnings decline, which we see as an overreaction to the quarterly top line and margin miss (compared with FactSet consensus expectations).