Fresenius Medical Care AG

FME: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€23.00	Xkshd	Hbhp

Fresenius Medical Care Earnings: Progress Continues as External Pressures Ease

Julie Utterback

Aug 2, 2023

Narrow-moat Fresenius Medical Care turned in decent second-quarter results and increased its guidance for the full year. After tinkering with some of our near-term assumptions, we are keeping our EUR 67 per share fair value estimate unchanged and boosting the ADR fair value to $37 per share on foreign exchange rate changes since our last valuation update.

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