Essilorluxottica
EL: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€426.00 | Qybt | Zytdrdbn |
EssilorLuxottica Earnings: Revenue Strong, but Margin Pressured by Investments; Shares Expensive
We are maintaining our fair value estimate for wide-moat EssilorLuxottica as the company reported full-year 2023 revenue largely in line, but operating profit was somewhat below our estimates. We view shares as expensive at current levels.