BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€661.00	Slzmz	Qfynzhxk

BioMerieux: Narrow Moat Reinstated and Shares Fairly Valued on Refreshed Thoughts

Jay Lee

Sep 9, 2024

As we are refreshing our thoughts on BioMerieux, we are reinstating our narrow moat rating. BioMerieux is a niche player in the fragmented in vitro diagnostic market and has specialty positioning in clinical and industrial microbiology and multiplex molecular diagnostics, which is also called syndromic testing. Our fair value estimate is EUR 114 per share, and we view the current market price as fairly valued.

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