Nordson Corp
NDSN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$987.00 | Szyb | Whqvjkvv |
Nordson: Maintaining $237 Fair Value After Announcement of EUR 960 Million ARAG Acquisition
We do not expect any significant change to our $237 fair value estimate or our Standard capital allocation rating for narrow-moat-rated Nordson after the company announced the acquisition of ARAG Group. The all-cash transaction implies a EUR 960 million enterprise value for ARAG, which reflects a multiple of around 16.5 times 2023 EBITDA (and 13.5 times 2025 EBITDA including synergies). Nordson expects the deal to close in its fiscal fourth quarter.