Epiroc AB Ordinary Shares - Class A

EPI A: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SEK 126.00	Vphcxtz	Jwrwjntxdl

Epiroc Receives Record Order Intake in Q2 as Mining Activity Rebounds; Shares Fully Valued

Matthew Donen

Jul 20, 2021

Narrow-moat Epiroc met company-provided consensus estimates for revenue and operating profit in the second quarter. Organic revenue growth of 22% year over year against a weak comparative and 14% year to date is tracking in line with our full-year expectations. We maintain our SEK 125 fair value estimate and view shares as being fully valued, currently trading above 30 times company-provided earnings estimates for 2022.

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