Report
Alex Morozov
EUR 101.80 For Business Accounts Only

Mettler is a great company with an overvalued stock.

Narrow-moat Mettler Toledo wrapped up a solid 2016 with fourth-quarter results that were in line with our expectations, and offered an early 2017 outlook that mirrors our forecast. We plan to moderately raise our fair value estimate for Mettler-Toledo to account for the time value of money. Even with the upcoming increase, shares continue to look expensive, trading at 26 times our 2017 earnings estimate.
On the top line, the company saw broad growth across end markets and geographies. The labora...
Underlying
Mettler-Toledo International Inc.

Mettler-Toledo International is a supplier of precision instruments and services. The company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. The company also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development. In addition, the company manufactures metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications. The company has five segments: United States Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Morozov

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