Fresenius SE & Co KGaA

FRE: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€33.00	Mjmvn	Hrcjnlp

Fresenius SE Earnings: Easing External Pressures Helps Turnaround

Julie Utterback

Aug 2, 2023

Narrow-moat Fresenius SE turned in decent second-quarter results and largely maintained its 2023 guidance, as external pressures are easing. Our EUR 52 fair value estimate has not changed materially, and shares remain significantly undervalued, in our opinion.

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