BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€987.00	Tcpbfj	Vwrrblk

BioMerieux Has Strong Q4 but Dwindling Demand for COVID-19 Tests Leads to Light Guidance

Aaron Degagne

Mar 2, 2022

Narrow-moat BioMerieux had a solid end to the year, but light guidance for 2022 came as a surprise, and slowing demand for COVID-19 testing is likely to weigh on growth over the coming year. We intend to lower our fair value estimate by a mid-single-digit percentage. We see shares as about fairly valued following the 9% decline in the share price in trading on March 2.

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