Orsted A/S
ORSTED: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 356.00 | Twq | Gxwfgvvdg |
Orsted: Downgrading Our Moat Rating From Narrow to None, FVE Cut to DKK 600, Shares Attractive
We downgrade Orsted's moat rating from narrow to none and cut our fair value estimate to DKK 600 from DKK 670. Our new fair value estimate offers 77% upside to the current depressed share price. The latter implies an EV/EBIDTA of 8.2 for 2024 and 3.7 for 2027.