ESAB Corp
ESAB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$98.00 | Lnqzhc | Gjvdjzh |
ESAB Reports Solid Q2 Results and Maintains Full-Year Guidance
Narrow-moat-rated ESAB posted solid second-quarter results, with adjusted EBITDA of $111 million, up 6% from the same period last year. We have modestly lowered our fair value estimate to $64 from $65 due to our slightly more muted revenue growth projections, partially offset by time value of money. We view ESAB as undervalued, with the stock currently trading in 5-star territory.