Demant AS
DEMANT: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 432.00 | Ftlxhn | Jywzkbryt |
Demant Sees Strong Hearing Growth to Offset Lower Communications Revenue in Fiscal 2021
We anticipate a moderate increase to our fair value estimate of DKK 238 for narrow-moat Demant as we update our model following fiscal 2021 results. Demant saw strong revenue growth of 27% to DKK 18.4 billion versus the easy overall comparables of fiscal 2020 (DKK 14.5 billion) as the global pandemic recovery continued in the second half of the year. We currently view shares as modestly overvalued.