Fresenius SE & Co KGaA
FRE: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€97.00 | Tkwxhl | Nvhwbtnfd |
Fresenius SE Earnings: Easing External Pressures Help Maintain 2023 Outlook
Narrow-moat Fresenius SE turned in first-quarter results about as expected and maintained 2023 guidance. Our EUR 52 fair value estimate has not changed materially, and shares remain significantly undervalued, trading at just 9 times forward earnings even after the 9% increase in shares following this report.