Sonova Holding AG

SOON: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 579.00	Rmvhh	Znkxcvr

Sonova Sees Strong Recovery in First Half and Solid Growth Over 2019-20 Comparables

Alex Morozov

Nov 15, 2021

We anticipate a moderate increase to our CHF 227 fair value estimate for narrow-moat Sonova as a result of a better-than-expected hearing industry recovery in the first half of 2021-22. Despite the anticipated fair value estimate increase, we currently view the shares as overvalued.

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