Xero Ltd

XRO: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$83.00	Lgsvzn	Tzkglgdx

Xero's Results Come in as Expected; Fair Value Estimate Unchanged

Johannes Faul

Nov 10, 2022

We maintain our AUD 54 fair value estimate for narrow-moat Xero following the company's interim financial results. Xero’s share price fell 11% following the announcement, which we think was due to heavy reported losses and uncertainty introduced by the resignation of CEO Steve Vamos. At current prices around AUD 65, the shares screen as overvalued.

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Xero Ltd

Xero's Results Come in as Expected; Fair Value Estimate Unchanged

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How we make money

How we use your personal data

How we approach editorial content

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