Industria De Diseno Textil SA Share From Split

ITX: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€17.00	Hthzh	Sknbxrcl

Inditex Earnings: Double-Digit Sales Growth and Margin Expansion Continues; Shares Now Fairly Valued

Jelena Sokolova

Dec 14, 2023

We are maintaining our fair value estimate of EUR 35 for narrow-moat Inditex as the company continues to deliver strong revenue growth and operating profit growth in the first 9 months of 2023. At current levels, shares are approximately fairly valued.

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