Croda International PLC

CRDA: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 4,373.00	Kyvlrml	Xtnbrzwcm

Solid Start in 2022 For Croda; Shares Overvalued

Rob Hales

May 23, 2022

Narrow-moat Croda reported that business momentum remains strong in its first-quarter trading update. We don’t expect to make a material change to our GBX 5,150 fair value estimate. At current levels, the shares look overvalued.

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