ALS Ltd

ALQ: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$3.10	Vzzj	Yzvqzgptm

Commodities Slowing but There Is Growth From Life Sciences

Mark Taylor

Sep 29, 2023

Business Strategy and Outlook

ALS is a global provider of analytical testing and inspection services; it also has a small Australian-focused distribution business. While dominating the fragmented Australian market, and being a large global player in commodity and environmental testing, it is trumped by the majors, Bureau Veritas, SGS, and Intertek in nondestructive testing and inspection.

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