Sandoz Group AG Registered Shares

SDZ: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 17.70	Lls	Dljylwlw

Sandoz Earnings: Biosimilar Expertise, With Robust Sales Gain From Volume Win Across Markets

Keonhee Kim

Aug 8, 2024

No-moat Sandoz reported solid second-quarter results that came in higher than our expectations. After updating our model and accounting for time value of money, we raise our fair value estimate to $34.50 per share from $32.

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