Sodexo
SW: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€24.00 | Tpmpgc | Wqnptmf |
Sodexo: Starts 2024 in Strong Fashion
Narrow-moat Sodexo started fiscal 2024 as it means to go on, with organic revenue growth north of 8%. Management has maintained guidance of 6%-8% organic revenue growth for the full year, combined with operating margin growth of 30-40 basis points. We reiterate our EUR 118 fair value estimate and believe the shares offer plenty of upside potential from here.