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AZN$183.43

AstraZeneca PLC

Last Updated
May 26, 20264 months ago
Moat & Trend
Management
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Competitive Radar

Moat Score

68/100

Executive Summary

AstraZeneca has a real but not unassailable moat built primarily on patents, regulatory exclusivity, clinical data, and the scale needed to develop complex medicines. Its strongest franchises in oncology and rare disease create meaningful switching friction, while global R&D and manufacturing scale support disciplined execution. However, the business lacks true network effects, and its competitive advantage is still product by product rather than enterprise wide. Patent expiries, payer pressure, and pricing scrutiny, especially in high cost drugs, prevent this from becoming a wide moat. The moat trend is positive as the pipeline, ADC platform, cell therapy, and recent acquisitions deepen the portfolio, but China related investigations and reimbursement pushback remain important constraints.

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Last Updated
Jun 10, 20264 months ago
Target Price
Analyst Consensus
FAIR VALUE
Financial Strength

Financial Score

75/100

Executive Summary

AstraZeneca’s standout strength is its high-quality, accelerating earnings and cash generation, with revenue rising to $60.4bn TTM, operating margin expanding to 23.4%, and free cash flow remaining robust above $11bn. Cash flow and profitability trends are reinforced by improving ROE, ROIC, and asset turnover, while forecast EPS growth and declining forward P/E suggest sustained operating leverage. The main tension is the balance sheet: liquidity is tight, current liabilities exceed current assets, and heavy goodwill/intangibles leave tangible equity weak despite lower leverage and improving retained earnings. Overall, AstraZeneca presents a resilient, growth-oriented financial profile with strong operating momentum, offset by moderate balance-sheet constraints, consistent with its solid but not flawless ratings.

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Frequently asked questions about AstraZeneca PLC

Does AstraZeneca PLC (AZN) have an economic moat?
MoatScan AI rates AstraZeneca PLC (AZN) 68/100 for moat strength, assessed across five sources of competitive advantage: network effects, switching costs, intangible assets, cost advantages and efficient scale. AstraZeneca has a real but not unassailable moat built primarily on patents, regulatory exclusivity, clinical data, and the scale needed to develop complex medicines.Sign in free to see the Moat Type verdict and the pillar-by-pillar reasoning.
What is AstraZeneca PLC's moat score?
AstraZeneca PLC (AZN) has a moat score of 68/100. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. A higher score means the competitive advantages MoatScan AI identifies are wider and more durable.Sign in free to see each pillar rating, the Moat Type verdict and the moat trend.
How does AZN's share price compare with its estimated fair value?
MoatScan AI estimates AZN's intrinsic value with a discounted cash flow (DCF) model and shows how that estimate compares with the market price at the time of analysis. The estimate updates with each new financial analysis and is a research estimate, not a recommendation.Sign in free to see the fair value estimate and how it compares with the price.
What is AstraZeneca PLC's fair value estimate?
MoatScan AI derives AstraZeneca PLC's (AZN) fair value per share from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. The Financial Analysis tab shows the estimate alongside every assumption behind it.Sign in free to see the estimate and the full assumptions behind it.

Disclaimer: The analysis on this page is generated by AI and is provided for informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any security. Always conduct your own due diligence and consult a qualified financial adviser before making any investment decisions. MoatScan AI is an educational research tool. It is not licensed or registered with the Securities Commission Malaysia or any other financial regulator, and it holds no positions in, and receives no compensation from, any company analysed.