Vontier Corp Ordinary Shares

VNT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$56.60	Dfmpgz	Khzdqbq

Vontier Earnings: Encouraging Baseline Performance Excluding EMV Sunset

Krzysztof Smalec

Aug 3, 2023

Narrow-moat-rated Vontier’s second-quarter adjusted EPS of $0.67 came in above management’s previous $0.61-$0.66 guidance range. We’ve made some puts and takes in our model, but we are maintaining our $37 fair value estimate, as nothing in the earnings release alters our long-term view of the firm. We see the name as modestly undervalued, with shares currently trading roughly 20% below our fair value estimate.

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