Pandora A/S

PNDORA: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	DKK 1,813.00	Lrlrcrt	Ydppjjwl

Pandora Earnings: Strong Operating Margin and Growth in Line With Consensus

Jelena Sokolova

Feb 7, 2024

Narrow-moat Pandora reported solid annual results slightly above our expectations, but that won't have a meaningful impact on our model. We are maintaining our DKK 980 fair value estimate. The shares appear fairly valued, trading in 3-star territory.

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