Grifols SA PRF PERPETUAL EUR 0.05 - Cls B

GRF.P: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€23.80	Gfk	Sfzwm

Slightly Adjusting Our Grifols FVEs on Weaker-Than-Expected 2023 Outlook

Karen Andersen

Mar 1, 2023

We’re lowering our fair value estimate for Grifols B shares slightly to EUR 11.40 and maintaining our $12.20 ADR fair value estimate as we’ve adjusted for foreign exchange fluctuations as well as management’s forecast for 2023.

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