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The Cooper Companies Inc COO

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Cooper Posts Record Performance Amid Rapid Pandemic Recovery

Aaron Degagne Equity Analyst

Analyst Note

| Aaron Degagne |

Narrow-moat Cooper posted record second-quarter revenue of $719,500, up 37.1% year over year compared with the worst period of the pandemic. Cooper continued its recovery this quarter from its poor performance in the second and third quarters of 2020. Operating results were similarly positive. Though the rebound from COVID was more concentrated in 2021 than expected, we do not foresee this significantly affecting our $315 fair value estimate.

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Company Profile

Business Description

Cooper Companies operates two units: CooperVision and CooperSurgical. Accounting for approximately 75% of total sales, CooperVision is the the second-largest player in the oligopolistic contact lens market. Over 50% of CooperVision's sales are in international territories. The second unit, CooperSurgical, develops and manufactures diagnostic and surgical products for gynecologists and obstetricians, including the Paragard IUD, which Cooper acquired from Teva in 2017.

Contact
6101 Bollinger Canyon Road, Suite 500
San Ramon, CA, 94583
T +1 925 460-3600
Sector Healthcare
Industry Medical Instruments & Supplies
Most Recent Earnings Apr 30, 2021
Fiscal Year End Oct 31, 2021
Stock Type Slow Growth
Employees 12,000

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