Added to YB: 2026-06-02
Pitch date: 2026-03-30
SGSN.SW [bullish]
SGS SA
Author Info
No bio for this author
Company Info
SGS SA operates as a testing, inspection, and certification company in the Asia Pacific, Europe, North America, Eastern Europe, the Middle East and Africa, and America.
Market Cap
CHF 17.6B
Pitch Price
N/A
Price Target
120.00
Dividend
3.60%
EV/EBITDA
14.16
P/E
25.69
EV/Sales
2.91
Sector
Professional Services
Category
growth
SGS SA - $SGSN.SW
SGSN.SW: TIC 'toll road' w/ 2,500 labs in 115 countries, irreplaceable accreditations, 24% ROIC. Trades 16x 2026 owners' earnings. Best-in-class CEO Picaud (ex-Holcim/Essilor) hit Strategy 2027 targets early; FCF conversion 57% of EBITDA. 5-8% organic growth, margins 16%→18%. CHF120 PT (~40% upside) on 18x 2028 owners' earnings + divs. Catalysts: CMD 2026, bolt-on M&A. Walked from Bureau Veritas deal.
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