Elekta Slowly Sees Benefits of Turnaround Strategy; Maintaining Valuation and Modest Upside Remains
Elekta's third-quarter results were strong, as the turnaround plan put in place by new leadership is starting to slowly come to fruition. One of the biggest positives in the quarter was the absence of any self-induced setbacks, which have plagued the company for several years and are largely responsible for the prevailing negative sentiment. We're maintaining our wide moat rating and our SEK 93 fair value estimate. Shares remain moderately undervalued, and the company represents one of the more ...Elekta AB is a human care company providing clinical solutions for treating cancer and brain disorders. Co. develops tools and treatment planning systems for radiation therapy including brachytherapy and radiosurgery, as well as workflow improving software systems across the field of cancer care. Co. has four product areas: Elekta Neuroscience, which develops solutions for the diagnosis and treatment of neurological diseases; Elekta Oncology, which develops clinical solutions for radiation therapy, imaging systems and clinical solutions for patient positioning and immobilization; Elekta Brachytherapy, which is engaged in cancer treatment based on internal radiation; and Elekta Software.
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