Stevanato Group SpA
STVN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.FX | LOCK|$>FH | LOCK|^$mF&GZ |
Stevanato's Sturdy Growth Shows No Signs of Slowing as Q2 Exceeds Forecasts; Shares Fairly Valued
Stevanato’s solid second-quarter results gave us increased confidence in our long-term expectations as the narrow-moat firm was able to overcome lower COVID-19 demand to report growth at the upper end of our forecasts. However, this was offset by higher operating costs and a higher share count in our model, and we are leaving our $19.40 fair value estimate intact.
