Elekta AB Class B
EKTA B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 375.00 | Rnccl | Cssqrbsj |
Maintaining Elekta Fair Value Estimate Amid Team Localizations and Russia-Ukraine Conflict
We are maintaining our fair value estimate of SEK 133 for wide-moat Elekta following the publication of full third-quarter results. Service revenue was the main driver of growth in the quarter with an increase of 7% organically year over year, though unable to completely offset the organic revenue decline of 8% for the products segment, resulting in a total organic revenue decline of 3% to SEK 3.6 billion. We currently view shares as undervalued.