Evotec SE
EVT: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|<r@?F$ | LOCK|p! | LOCK|>Z$gBj |
Evotec Earnings: Solid Results Amid Market Softness; Biologics Segment Remains a Key Growth Driver
No-moat Evotec reported solid first-quarter results despite ongoing softness in the drug discovery market. Group revenue declined 4% year over year to EUR 200 million, in line with our expectations. We are maintaining our fair value estimates of EUR 8.50 and $4.82 per share, with shares currently trading in 3-star territory.
