AptarGroup Inc
ATR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| jLH | LOCK|k#!ht | LOCK|%<KwZFK |
Aptar Earnings: Results in line, Shares Slightly Cheap
Narrow-moat Aptar’s fourth-quarter earnings were in line with our expectations. Revenue was $848 million, or 2% year-on-year core growth after adjusting for a 1% currency headwind. Adjusted EBITDA margin was 23%, or 1.6 percentage points better than the same period last year. We maintain our fair value estimate of $164 per share and view the stock as slightly undervalued.
