Intertek Group PLC

ITRK: XLON (GBR)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Intertek Shares Look Undervalued, as Long-Term Strength Outweighs Short-Term Weakness

Business Strategy and Outlook

Intertek is the third-largest testing, inspection, and certification firm globally with offerings covering a variety of sectors, from consumer products to natural resources. The industry is highly fragmented, with only four global firms and a slew of regional and local players. This gives large players such as Intertek an advantage, especially with multinational clients. Intertek’s portfolio of over 1,000 government accreditations, authorizations, and certifications is another advantage, providing a significant barrier to entry.

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