SGS AG
SGSN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %@Y | LOCK|&C< | LOCK|jl^#D% |
SGS: Broad-Based Growth Sends Shares Higher; Now Fully Valued
Narrow-moat SGS reported a strong first-half 2024, with organic revenue growth of 8%, in line with management’s full-year guidance of mid- to high-single-digit growth. We reiterate our CHF 90 fair value estimate, but shares are now fairly valued following the July 24 price increase.
