Vontier Corp Ordinary Shares

VNT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$75.30	Lympfnx	Khbqdfmpc

Vontier Earnings: With EMV Sunset in the Rearview Mirror, We Expect Solid Growth in 2024

Krzysztof Smalec

Feb 15, 2024

Narrow-moat-rated Vontier posted solid fourth-quarter results, as its full-year revenue of $3.095 billion and adjusted EPS of $2.89 both beat our estimates of $3.084 billion and $2.86. After rolling our model forward one year, we’ve raised our fair value estimate to $40 from $38, driven by our slightly more optimistic near-term expectations as well as time value of money.

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