Industria De Diseno Textil SA Share From Split
ITX: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€49.00 | Gsxsjrs | Zsbhbybrdj |
Inditex Earnings: Strong Revenue Growth and Profitability; Shares Fairly Valued
We view shares of Inditex as approximately fairly valued, after they gained more than 50% in value over the past year, significantly outperforming the Stoxx Europe 600 Index. The start to 2023 was better than expected as the company reported continued strong double-digit sales growth and margin improvement in the first quarter.