Melexis NV
MELE: XBRU (BEL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€374.00 | Qwhgwn | Qfyvhtks |
Melexis Should Benefit From Growing Auto Chip Content for Years; Initiate Coverage With EUR 105 FVE
We are initiating coverage of Melexis with a EUR 105 fair value estimate and narrow moat rating supported by switching costs and intangible assets. The shares appear fairly valued.