Bureau Veritas SA
BVI: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €93.00 | Zqwjr | Zqfkwrbf |
Bureau Veritas Well Positioned for Whatever 2024 Throws at It
Business Strategy and Outlook
Bureau Veritas is one of only a handful of global firms in the testing, inspection, and certification sector, operating across multiple subindustries. The TIC market is highly fragmented, with many local/regional players that lack the capabilities to operate across multiple industries and, as such, struggle to successfully service the needs of multinational companies. BV’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.