Report
Karen Andersen
EUR 100.00 For Business Accounts Only

Raising Our Sobi FVE on 2Q Fundamentals and Potential Acquisition Premium

We're raising our fair value estimate to SEK 234 after incorporating a strong second-quarter performance from Sobi as well as a 50% likelihood that the firm will be acquired at a premium to its recent trading prices, which are well above our stand-alone valuation of the firm. Sobi management provided another dramatic increase in 2018 guidance in conjunction with the firm's second-quarter earnings call. While management did note that the third quarter tends to be weak due to holidays, full-year g...
Underlying
Swedish Orphan Biovitrum AB

Swedish Orphan Biovitrum AB is a healthcare company focused on rare diseases. Co. develops, manufactures and commercializes treatments with a particular focus on four therapeutic areas: Inflammation, Genetics & Metabolism, Haemophilia and Neonatology. Co. also markets a portfolio of rare disease products for partner companies. Co.'s pipeline programmes include research and development focused on recombinant protein drugs in late preclinical and clinical phase for indications.

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
Karen Andersen

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