WuXi Biologics (Cayman) Inc
02269: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Qcy | LOCK|<Rq$ | LOCK|DP>xfN |
WuXi Biologics Earnings: Raising Valuation on Strong 2024 and 2025 Guidance; Shares Fairly Valued
We have raised our fair value estimate for narrow-moat-rated WuXi Biologics to HKD 26.60 per share from HKD 24.60 following better-than-expected 2024 results and strong guidance for 2025. Total projects increased to 817, higher than our initial forecast of 746. We believe customer stickiness, despite geopolitical uncertainty, supports our moat rating. After a rally of nearly 50% year to date, the shares appear fairly valued to us.
