SGS AG

SGSN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 19.00	Slrjdpf	Qbblkpvmy

SGS: Broad-Based Growth Sends Shares Higher; Now Fully Valued

Benjamin Slupecki

Jul 24, 2024

Narrow-moat SGS reported a strong first-half 2024, with organic revenue growth of 8%, in line with management’s full-year guidance of mid- to high-single-digit growth. We reiterate our CHF 90 fair value estimate, but shares are now fairly valued following the July 24 price increase.

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