Pandora AS

PNDORA: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	DKK 7,973.00	Vjgngnq	Kfzjryynm

Pandora Delivers Solid Results in 2022; Shares Attractive

Jelena Sokolova

Feb 8, 2023

We are maintaining our DKK 930 fair value estimate for narrow-moat Pandora as the company reported sales and operating earnings a bit ahead of our estimates. Shares remain undervalued, trading in 4-star territory.

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