Report
Damien Conover
EUR 100.00 For Business Accounts Only

Straumann Should Benefit From Specialty Dental Growth, but Long-Term Headwinds Remain

Straumann's fiscal fourth-quarter earnings results showed strength across its core businesses and mostly met our expectations. We do not anticipate major changes to our fair value estimate, and we are reiterating our narrow moat rating. The company's fiscal 2019 guidance includes roughly 13% organic revenue growth (versus our roughly 15% forecast) to accompany further improvements in EBITDA and EBIT margins. The company's outlook is typically conservative, which still seems to be the case for 20...
Underlying
Straumann Holding AG

Straumann is engaged in tooth replacement solutions that include dental implants, prosthetics and regenerative products. Co. develops, manufactures and supplies dental implants, instruments, computer-aided design/computer-aided manufacturing prosthetics and tissue regeneration products for use in tooth replacement and restoration solutions or to prevent tooth loss. Co. provides a range of services to dental practitioners, clinics and laboratories. Through a collaboration with its academic partner the International Team for Implantology ( ITI), Co. supports research and offers training and education to dental professionals worldwide.

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

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch