Intertek Group PLC
ITRK: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 6,728.00 | Blzxlz | Brwcrmkns |
Narrow-Moat Intertek Resilient in 2021
Business Strategy and Outlook
Intertek is one of the largest companies globally in the testing, inspection, and certification sector, with global operations servicing a variety of sectors. The TIC market is highly fragmented, with many local or regional players that lack the capabilities to operate across multiple industries and geographies; as such, they struggle to successfully service the needs of multinational companies. Intertek’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.