Merck KGaA

MRK: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Merck KGaA: Fair Value Estimate Increased Due to Slightly More Positive Outlook on Healthcare

Max Jousma

Nov 18, 2025

Business Strategy and Outlook

Merck KGaA operates in three key segments: healthcare, life science, and electronics. Over the past decade, strategic acquisitions and divestments have strengthened its position in these industries, increasing its exposure to end-markets with stronger long-term growth potential and supporting its competitive advantages.

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Merck KGaA

Merck KGaA: Fair Value Estimate Increased Due to Slightly More Positive Outlook on Healthcare

Business Strategy and Outlook

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