Fast Retailing Co Ltd

9983: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎61,835.00	Kmlb	Wmxwjlyl

Fast Retailing: Initiating Coverage With a Wide Moat Rating and Fair Value Estimate of JPY 44,900

Chelsey Tam

Jun 26, 2024

We initiate wide-moat Fast Retailing with a fair value estimate of JPY 44,900 per share, which translates to a fiscal 2025 P/E of 39 times. Our weighted average cost of capital is 6.1%. We think the shares are fairly valued.

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