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logoMorningstarJanuary 20, 2021

Mettler-Toledo International Inc.: Mettler's Resilient Performance and Reduced Share Count Lead to Valuation Boost

Symbols
MTD
Sector(s)
Healthcare
Rating
Premium
Current Price
$1,134.67
Fair Value
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Economic Moat
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Stewardship
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Summary

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (50% of sales), industrial (42%), and food retail industries (8%). Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: the United States around 30% of sales, Western Europe around 20%, Switzerland around 20%, China around 20%, and the rest of the world around 10%.

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Analyst Profile

Aaron Degagne

Equity Analyst
Aaron DeGagne is an equity analyst, financial services, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He contributes primarily to the research coverage of South American banks and Canadian insurance companies and conducts general research on the global financial-services sector.Before joining Morningstar in 2017, DeGagne was an accounting intern for Campgroup and completed two lending-group internships with RBC Capital Markets.DeGagne holds a Bachelor of Business Administration in finance from the University of Notre Dame’s Mendoza College of Business.