Intertek Group PLC
ITRK: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$< | LOCK|$Q | LOCK|<Jc!x^% |
Intertek Earnings: Currency Hit Offsets Margin Enhancement; Shares Remain Undervalued
Intertek reported constant-currency revenue growth of 4.5%, but only 0.2% at actual rates, which dragged on the stock. This achieved midterm guidance of mid-single-digit like-for-like revenue growth, but is a deceleration from 2024. Adjusted margins expanded 80 basis points, driven by their mix.
