Intertek Group PLC
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 6,335.00 | Hqczw | Slkkwjqy |
Intertek Well Positioned for Whatever 2024 Throws at It
Business Strategy and Outlook
Intertek is one of the largest companies globally in the testing, inspection, and certification, or TIC, sector, with global operations servicing a variety of sectors. The TIC market is highly fragmented, with many local or regional players that lack the capabilities to operate across multiple industries and geographies; as such, they struggle to successfully service the needs of multinational companies. Intertek’s scale allows the company to leverage its network of industry experts and testing sites to offer a broad service and bid for large multiyear contracts.