Nordson Corp

NDSN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$736.00	Jpclk	Lbxxscrp

Nordson Finishes Fiscal 2022 With Solid Fourth Quarter; Increasing FVE

Krzysztof Smalec

Dec 16, 2022

Narrow-moat Nordson ended its fiscal 2022 on a solid note, as its full-year adjusted EPS of $9.43 came in $0.07 above our expectations. After rolling our model forward one year, we’ve increased our fair value estimate for Nordson to $239 from $238, mostly due to time value of money.

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