Report
Damien Conover
EUR 98.48 For Business Accounts Only

Sanofi Posts Steady 1Q as Specialty Drugs Offset Diabetes Weakness; Shares Look Undervalued

Sanofi reported first-quarter results that ran ahead of consensus projections and slightly below our expectations, but we don’t expect any major changes to our fair value estimate based on the performance. We continue to view the stock as undervalued as the investment community appears overly focused on the challenges in the diabetes group and is not rewarding the company enough for its solid positioning in specialty care, vaccines, and consumer healthcare. The strength in the nondiabetes segmen...
Underlying
Sanofi

Sanofi is an integrated, global healthcare company focused on patient needs and engaged in the research, development, manufacture and marketing of healthcare products. Two segments make up Co.'s business: Pharmaceuticals and Vaccines. The Pharmaceuticals segment covers research, development, production and marketing of medicines, consisting of flagship products, plus a broad range of prescription medicines, generic medicines, and consumer health products. The Vaccines segment includes research, development, production and marketing of vaccines in five areas: pediatric vaccines, influenza vaccines, adult and adolescent booster vaccines, meningitis vaccines, and travel and endemic vaccines.

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
Damien Conover

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