CSL Ltd

CSL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$583.00	Wffycv	Hnbhfrxg

Demand for CSL’s Products Persists as Pandemic Supply Constraints Ease

Shane Ponraj

Feb 13, 2024

Business Strategy and Outlook

CSL is one of three Tier 1 plasma therapy companies that benefit from an oligopoly in a highly consolidated market. All the players are vertically integrated as plasma sourcing is a key constraint in production. The plasma sourcing market is currently in short supply, however, CSL is well positioned having invested significantly in plasma collection centers, owning roughly 30% of collection centers globally.

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