SGS AG
SGSN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CHF 57.77 | Kzvycx | Htyjnnndh |
SGS Well-Placed To Grow in 2023
Business Strategy and Outlook
SGS is the largest company globally in the testing, inspection, and certification sector, with global operations servicing a variety of sectors. The TIC market is highly fragmented, comprised mainly of local or regional players that lack the capabilities to operate across multiple industries and geographies; as such, they struggle to successfully service the needs of multinational companies. SGS' scale allows the company to leverage its network of industry experts and testing sites to offer a broad service and bid for large multiyear contracts.