ESAB Corp

ESAB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$84.00	Grcmtt	Ldqndqns

ESAB Earnings: New Product Launches Drive Strong Growth in Equipment and Automation

Krzysztof Smalec

Nov 1, 2023

We’re increasing our fair value estimate for narrow-moat-rated ESAB to $78 from $74 after the company posted strong third-quarter results, featuring a 23% year-over-year increase in adjusted EBITDA. Shares rallied by nearly 9% following the strong print but still trade around 12% below our updated fair value estimate.

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