Mettler-Toledo International Inc

MTD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$9,431.00	Rmqhmn	Qrbwswlc

Moaty Mettler Meets Our High Expectations in Q4; Raising Fair Value Estimate to $770

Aaron Degagne

Feb 11, 2022

Narrow-moat Mettler-Toledo International ended the year on a high note with double-digit growth and margin gains, and we are increasing our fair value estimate to $770 per share from $710. About half the increase is from our expectation that the U.S. corporate tax rate is likely to remain at 21%; time value of money and stronger-than-expected business performance also contributed to the change. The shares have traded relatively flat over the past few months, though they remain materially overvalued, in our view.

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