ESAB Corp

ESAB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$89.00	Qbhntwx	Pnsmchfp

ESAB Reports Solid Q2 Results and Maintains Full-Year Guidance

Krzysztof Smalec

Aug 9, 2022

Narrow-moat-rated ESAB posted solid second-quarter results, with adjusted EBITDA of $111 million, up 6% from the same period last year. We have modestly lowered our fair value estimate to $64 from $65 due to our slightly more muted revenue growth projections, partially offset by time value of money. We view ESAB as undervalued, with the stock currently trading in 5-star territory.

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