2024-03-05 07:12:44 ET
Summary
- Sartorius AG's stock is back at the same level it was traded at in June, despite a second profit warning in 2023 and a dividend cut of almost 50 percent.
- The company's balance sheet deteriorated over the course of 2023.
- Peak earnings achieved in 2022 are out of reach for the foreseeable future.
- Nonetheless, Sartorius is currently valued at close to 30 times undiluted 2022 EPS.
- That leads me to the conclusion that the stock is significantly overvalued.
...
Read the full article on Seeking Alpha
For further details see:
Sartorius AG: Results And Forecast Do Not Justify The Share Price