Essilorluxottica
EL: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€569.00 | Srkyz | Wtyrcgphx |
EssilorLuxottica's Results as Expected; Fair Value Estimate Maintained
We are retaining our fair value estimate for wide-moat EssilorLuxottica after the company reported an in line set of numbers for 2020. Revenue dropped 17% for 2020, or 14.6% at constant exchange rate and operating margin came at 9.5% versus the 9.1% we forecast.