ICU Medical Inc

ICUI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$334.00	Jdpk	Thfhznrt

ICU Medical Holds Revenue Stable Despite Stagnation Abroad; Maintaining Fair Value Estimate

Julie Utterback , Matthew Sanders

May 7, 2021

Narrow-moat ICU Medical’s first-quarter results were largely in line with our expectations, posting a sequential revenue decline of 1%. Based on these results, we do not anticipate changing our $190 per share fair value estimate for the company at first glance. Shares still appear moderately overvalued to us.

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