ALS Ltd
ALQ: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$3.80 | Ngr | Flptvvh |
The Near Term Is Looking Mixed, With a Spending Slowdown for Exploration and Drug Discovery
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.