Atlas Copco AB Class A
ATCO A: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| t#w | LOCK|#& | LOCK|W$tB&^G |
Atlas Copco Earnings: Share Price Demands Ambitious Semiconductor-Related Revenue Growth
Wide-moat Atlas Copco delivered fourth-quarter 2024 results broadly in line with our expectations. Revenue for the period grew 2% year on year to SEK 45.99 million, slightly ahead of FactSet consensus estimates, and the group EBIT margin remained steady at about 22%. Order intake grew 8% year on year, and management stated they expect customer activity to stay at the current level in the near term. With no changes expected to our long-term expectations, shares remain expensive relative to our unchanged SEK 150 fair value estimate.
