SGS SA - When You Need To Be Sure, A Hold For Now
2025-05-05 01:03:16 ET
Summary
- SGS is a market leader in an essential industry with above GDP growth.
- The company is performing well and delivering against targets.
- As a high-quality player, the share price is at a premium.
- In this article, I look into recent performance and outlook, review my rating, and share how I will play this.
SGS SA (SGSOY) (SGSOF) is an under the radar stock in a very specialised but growing industry. SGS is the global leader in the Testing, Inspection and Certification industry. TIC is the business of quality testing, control, and certification. The industry is highly fragmented, and SGS, already the segment leader, is quietly consolidating by acquisition.
According to this report by Fortune Business Insights , the global testing, inspection, and certification market is expected to increase from USD 217 billion in 2022 to USD 328 billion by 2029. While not the fastest growing segment, this implies a CAGR of around 6%, which is ahead of GDP growth estimates....
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SGS SA - When You Need To Be Sure, A Hold For Now
NASDAQ: SGSOY
SGSOY Trading
-1.78% G/L:
$11.315 Last:
22,975 Volume:
$11.4795 Open:
