West Pharmaceutical Services: Still Too Expensive After The Recent Drop [Seeking Alpha]
West Pharmaceutical Services, Inc. (WST)
Last west pharmaceutical services, inc. earnings: 4/23 06:00 am
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US:NYSE Investor Relations:
investor.westpharma.com
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Source: Seeking Alpha
In its most recent Q4 2023 results, the company put up relatively flat growth, and a continuation of the trend is expected in 2024. While the company benefits long-term from secular tailwinds, the valuation is far too expensive for a single-digit growth company, especially after a 51% rise in the share price in 2023. Introduction West Pharmaceutical Services, Inc. ( NYSE: WST ) is a market leader in the injectables market, benefitting from long-term tailwinds as more biologics get introduced to the market and healthcare spending ramps up. On February 15, the company announced its Q4 2023 results (which were pretty mixed) and provided guidance and outlook for 2024. In this article, I'll delve deeper into the company's results and provide a rationale for why I'm not buying the company's shares after a drop in its share price post-results. Background Over the last ten years, shares of West Pharmaceutical have put up very respectable returns to investors with a total return of
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WST
News
- West Pharmaceutical Services, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- Fill Finish Manufacturing Market is Expected to Reach $25.7 billion | MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- West Pharmaceutical Services First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- West Pharmaceutical (WST) Q1 Earnings Beat, HVP Sales Weak [Yahoo! Finance]Yahoo! Finance
- West Announces First-Quarter 2024 Results and Declares Third-Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
WST
Earnings
- 4/25/24 - Beat
WST
Sec Filings
- 4/26/24 - Form 8-K
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- WST's page on the SEC website