Bio-Techne Corp
TECH: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @&? | LOCK|>$vQ$ | LOCK|?#$KwHNk |
Bio-Techne Earnings: Strong Results on Recovering Biopharma Demand; Shares Modestly Undervalued
Narrow-moat Bio-Techne reported strong second-quarter earnings with revenue of $297 million, or 9% year-on-year growth. Management cited improvement in its biopharma end markets as well as earlier-than-expected timing of orders in its cell and gene therapy solutions. We had expected fiscal 2025 to be a year of recovery for the company, and so far the first half has exceeded our expectations. We maintain our fair value estimate of $87 per share and view the stock as modestly undervalued at current market prices.
