Chart Industries Inc

GTLS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$331.00	Wssrdl	Mqrgnpqrn

Chart Industries: Boosting Our Fair Value Estimate to $200 From $180 per Share

Stephen Ellis

Oct 2, 2023

After taking a deeper look at the successes and data points reported by Chart thus far related to its Howden deal, we are increasing our fair value estimate to $200 per share from $180. Our narrow moat and exemplary capital allocation ratings are unchanged. We now assume gross margins average 32% over the next five years, up from 30%, and revenue growth averages 42% over the same time frame compared with our earlier forecast of 35%.

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