Merck KGaA
MRK: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€494.00 | Wzwppjs | Hgwnqwcdy |
Merck KGaA Turns in Solid Third Quarter; Raising FVE on Recent Cash Flows
Narrow-moat Merck KGaA delivered third-quarter results that were about as expected, and the company continues to track toward our expectations for the full year. After recognizing cash flows generated since our last valuation update, we are raising our fair value estimate moderately. Shares recently traded slightly above our new fair value estimate.