Sage Group (The) PLC

SGE: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 777.00	Gzmchk	Yjfkdplqs

Sage: Trading Update Disappoints Market; Shares Overvalued

Rob Hales

Jul 30, 2024

Narrow-moat Sage reported seemingly in-line results in its trading update with 9% organic revenue growth in the third quarter and fiscal year to date. Regardless, the shares were down around 5% intraday. We don’t expect to make a material change to our GBX 880 fair value estimate. At current levels, the shares continue to look overvalued.

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