XTRA:OBCKMedical Equipment
Ottobock (XTRA:OBCK) Stock Asks Whether Premium Valuation Matches Margin Strength
Ottobock SE KGaA closed today at €58, almost flat over the past week and modestly higher over the past month, even as the latest earnings pointed squarely at margins as the real story. The stock is trading on a P/E of 28.9x, above both its industry and peer averages, yet the company just reported an underlying EBITDA margin of 27.9% in Q2 and 25.3% for the first half.
The market is treating Ottobock as a fully priced medical equipment stock, while the earnings release highlighted a strong...