- Mettler-Toledo is a high-quality operator in the life-sciences domain, with key drivers in place to fuel growth into 2021.
- China volumes have been the key takeaway from Q3 and YTD, and the portfolio is exposed ~18% to total sales from China.
- The buyback program makes shares attractive, with forward commitment to $2.5 billion in capital allocation for buybacks in coming years.
- The company is not a deep value proposition on price alone, but considering the business model and positioning, the upside comes at a premium.
- We are bullish on the long-term outlook of the company.
For further details see:
Mettler-Toledo: Potential Best In Class With Buyback Program