Sartorius Stedim Biotech SA

DIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€791.00	Mgmh	Qgwfslrtm

Wide-Moat Sartorius Stedim Delivers Solid Growth Despite Growing Challenges; Maintaining FVE

Julie Utterback ,

Oct 19, 2022

Wide-moat Sartorius Stedim (Sartorius Ag's bioprocess subsidiary) delivered solid third-quarter results, but weak order trends, economic challenges, and an increase in the company's cost base suggest a deceleration in growth is coming, which is in line with our long-term forecast. We may adjust our short-term operating expectations slightly, but at first glance, we will likely maintain our EUR 290 fair value estimate.

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