Bio-Rad Laboratories Inc Class A

BIO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$331.00	Bxdxt	Wfvpclkry

Narrow-Moat Bio-Rad Reaches New Heights in 2020 Driven by Strong Life Sciences; Shares Overvalued

Aaron Degagne

Feb 12, 2021

Narrow-moat Bio-Rad beat our expectations once again in the fourth quarter, driven by growth in life sciences, an improved margin and further gains related to the Sartorius investment. While we may marginally increase our fair value estimate after incorporating full-year results for the firm and the impact of continued strong results from Sartorius, we continue to view shares as overvalued.

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