Wolters Kluwer NV
WKL: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€147.00 | Pwtd | Nqmpryfmmp |
Wolters Kluwer Earnings: Results Broadly in Line; Shares Overvalued
Wide-moat Wolters Kluwer reported first-half results that were broadly in line with company-compiled consensus. Group-level guidance for fiscal 2024 was confirmed although some modest changes were made within the segments. Shares were down around 3%-4% intraday. We don’t expect to make a material change to our EUR 137 fair value estimate. At current levels, the shares look overvalued.