BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€957.00	Zpnffx	Xgqcnrzm

Boosting Our BioMerieux Fair Value Estimate to EUR 92 on Strong Q3; Shares Reasonably Priced

Aaron Degagne

Oct 21, 2021

Narrow-moat BioMerieux had a strong third quarter that exceeded management’s earlier targets, though revenue is on track to meet our full-year estimates, which aligns with new guidance. We are increasing our fair value estimate to EUR 92 per share from EUR 87. Time value of money accounts for the bulk of the increase; we’ve also modeled slightly higher installed base growth of the flagship multipanel FilmArray system.

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