Report
Karen Andersen
EUR 101.80 For Business Accounts Only

Sobi Shares Remain Fairly Valued Following Q2 Results

We’re maintaining our SEK 123 fair value estimate for Sobi following solid second-quarter results, including 51% underlying revenue growth and a higher 71% gross margin. While management has increased guidance for full-year 2017 revenue to the range of SEK 6.1 billion-SEK 6.2 billion (from SEK 5.8 billion-SEK 6.0 billion), this higher guidance, along with higher gross margin and EBITA guidance, is still below our estimates for the year. Even with our bullish take on the firm’s near-term performa...
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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