Demant AS
DEMANT: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 748.00 | Nqwxs | Nvyjbhhr |
Solid Hearing Revenue Easily Offsets Demant's Decline in Communications Sales in the First Quarter
We are maintaining our fair value estimate of DKK 238 for narrow-moat Demant following the announcement of the firm's first-quarter interim statement. Total revenue increased organically by 6% to DKK 4.6 billion year over year as Demant regained share and unit sales in government channels. We currently view shares as overvalued.