SGS AG
SGSN: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 16.00 | Lngppv | Htkmtpvsrw |
SGS: Good Start to the Year for the Narrow-Moat Tester
Testing giant SGS reported a decent start to the year in its sales update, with first-quarter revenue growth of 7% on an organic basis, in line with management’s full-year guidance of mid- to high-single-digit growth. We reiterate our CHF 90 fair value estimate and see moderate upside from the prevailing share price.