- Veritas is a leading provider of testing and certification services, and it's not abnormal for the company to trade at a high valuation.
- The share price currently is trading higher than before the COVID-19 pandemic, resulting in an EV/EBITDA of around 16 and a sub-4% FCF yield.
- This makes the company rather expensive - but the question is if it will ever get cheap again.
- I'm on the sidelines for now, but I will for sure keep an eye on Bureau Veritas.
For further details see:
Bureau Veritas: A Robust Cash Flow Performance, But The Company Isn't Cheap Anymore