Merck KGaA ADR
MKKGY: PINX (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$57.00 | Nfnxn | Zxjkktlj |
A Narrow Moat Surrounds Merck's Diverse Life Science, Healthcare, and Electronics Portfolio
Business Strategy and Outlook
Merck KGaA has made a series of acquisitions and divestitures in the past decade or so to position the group for solid long-term growth in three key segments: life sciences, performance materials, and healthcare. However, after robust results during the pandemic due to COVID-19-related demand particularly in its life sciences business, we think the company's intermediate-term growth may soften toward more historic norms.