Demant AS
DEMANT: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 528.00 | Pwhvrq | Mynncjrl |
Demant Earnings: Raising Our Valuation on Continued Strong Hearing Performance
We have raised our fair value estimate for narrow-moat Demant to DKK 280 per share from DKK 240 following the release of first-half results. The company continues to see healthy performance in the hearing business, wholesale as well as retail, which has more than offset deteriorating performance in the communications segment. The shares appear fairly valued at their current level.