SGS is engaged in the provision of inspection, verification, testing, certification and quality assurance services. Co.'s business lines include: Agricultural; Minerals; Oil, Gas & Chemicals; Life Science; Consumer Testing; Systems & Services Certification; Industrial; Environmental; Automotive; and Governments & Institutions. As of Dec 31 2014, Co.'s geographic operations were organized as follows: Europe, Africa, Middle East (Western Europe, Northern and Central Europe, Southern Central Europe, Eastern Europe & Middle East, and Africa); Americas (North America, and South America); and Asia Pacific (East Asia, China & Hong Kong, and South Eastern Asia & Pacific).
  • TickerSGSN
  • ISINCH0002497458
  • ExchangeSix Swiss Exchange
  • SectorSupport Services
  • CountrySwitzerland

Analysts

1 director sold

A director at Sgs Sa sold 35 shares at 2,592.000CHF and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Expert Corporate Governance Service (ECGS)

SGS, March 22 2019

ITEM 4.1.6 - Re-elect Mr. Gérard Lamarche. He is not independent (representative of an important shareholder) and the board independence is insufficient (30.0%). He is a representative of a significant shareholder who is sufficiently represented on the board.  Ethos recommends to OPPOSE.

SGS – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Alexandre Iatrides ...
  • Alfred Glaser
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/25/2019

Equities’ disconnect from the "pessimism" of the bond markets is obvious. The simultaneous choice of cyclicals and protection themes (growth/quality) is disturbing. What should we do when our annual objectives are being met? Avoid succumbing to the cyclical temptation, buy quality by avoiding overpaying the protection criterion linked exclusively to a healthy balance sheet structure. We present the results of a screening combining balance sheet and ROCE trends, which highlights five s...

Alexandre Iatrides ...
  • Alfred Glaser
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/02/2019

La déconnection des actions avec le « pessimisme » des marchés obligataires est patente. Le plébiscite simultané des cycliques et des thématiques de protection (croissance/ qualité) est perturbant. Que faire alors que nos objectifs annuels sont atteints ? Eviter de succomber à la tentation cyclique, acheter la qualité en évitant de surpayer le critère protection lié uniquement à une structure bilancielle saine. Nous présentons les résultats d’un criblage combinant bilan et évolution d...

Emira Sagaama ...
  • Matthias Desmarais

SGS : The story is attractive but the valuation leaves little upside

The best-in-class story is attractive, with a recovery in organic growth confirmed and scope for an improvement in margins, but these prospects are priced in to the current valuation. We maintain our Neutral recommendation, with a revised target price of CHF 2,800. - >A positive read-across from peers confirming the improvement in growth - The positive read-across from the Q1 results reported by the group's peers confirms that the improvement in organic growth at SGS i...

Emira Sagaama ...
  • Matthias Desmarais

SGS : L’histoire est attractive mais la valorisation laisse peu d’upside

L’histoire de best-in class avec une recovery de la croissance organique confirmée et un potentiel d’amélioration de la marge est attractive, mais la valorisation actuelle reflète bien ces perspectives. Nous maintenons notre opinion Neutre avec un OC revu à 2800 CHF. - >Read across positif des pairs confirmant l’amélioration de la croissance - Le read-across positif des résultats T1 des pairs confirme la continuité de l’amélioration de la croissance organique chez SGS....

Emira Sagaama

ODDO : Trade wars: a negative but limited impact

>Trade wars: recap of testers’ exposure - The 1 March deadline to reach an agreement between the US and China to avoid additional taxes on Chinese exports is just days away, and a new threat is now looming over European car exports. In light of this, we take stock of the sector’s exposure to this theme, which mainly concerns the testers’ consumer businesses. They represent 45% of revenues at Intertek vs 17% for SGS and 14% for Bureau Veritas. Nevertheless, the share c...

Emira Sagaama

ODDO : Guerres commerciales: un impact négatif mais qui reste limité

>Guerres commerciales : rappel des expositions des testeurs - A quelques jours de la deadline du 1er mars pour un accord entre les Etats-Unis et la Chine conditionnant la non-application de taxes supplémentaires sur les exportations chinoises, et alors qu’une nouvelle menace plane désormais sur les exportations européennes d’automobile, nous faisons le point sur les expositions du secteur à cette thématique, qui concerne principalement le business consumer des testeur...

Michael Field

Morningstar | SGS in Prime Position to Benefit From Structural Growth Drivers

SGS is the largest company 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. SGS' 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.Founded in 1878, SGS is one of the oldest firms in the TIC s...

Michael Field

SGS in Prime Position to Benefit From Structural Growth Drivers

Testing giant SGS produced a set of full-year results almost bang in line with our expectations and just a touch below consensus estimates on the revenue and net income lines. Organic revenue growth hit 5.3% over the period, the highest since 2012. We do not expect to make any material changes to our longer-term forecasts on the back of these results. As such, we reiterate our CHF 2,170 fair value estimate and narrow moat rating. Divisionally, 2018 heralded a return to positive organic revenue g...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Ongoing improvement in the margin in 2019

>Robust growth in 2019, but slightly lower than in 2018 - The full-year results confirmed the solidity of the growth drivers that we expect to continue in 2019 overall. The challenging comparison base, along with the unfavourable start to the year in AFL, transportation and CBE, should put a drag on H1. But the group is likely to continue exhibiting robust organic growth that we estimate at 4.8% for the full year (consensus at 5%), slightly shy of the 5.3% posted in 2...

1 director sold

A director at Sgs Sa sold 35 shares at 2,592.000CHF and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/25/2019

Equities’ disconnect from the "pessimism" of the bond markets is obvious. The simultaneous choice of cyclicals and protection themes (growth/quality) is disturbing. What should we do when our annual objectives are being met? Avoid succumbing to the cyclical temptation, buy quality by avoiding overpaying the protection criterion linked exclusively to a healthy balance sheet structure. We present the results of a screening combining balance sheet and ROCE trends, which highlights five s...

Alexandre Iatrides ...
  • Alfred Glaser
  • Bruno Cavalier
  • Delphine Brault
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Pierre Corby
  • Sven Edelfelt
  • Sylvain Goyon
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/02/2019

La déconnection des actions avec le « pessimisme » des marchés obligataires est patente. Le plébiscite simultané des cycliques et des thématiques de protection (croissance/ qualité) est perturbant. Que faire alors que nos objectifs annuels sont atteints ? Eviter de succomber à la tentation cyclique, acheter la qualité en évitant de surpayer le critère protection lié uniquement à une structure bilancielle saine. Nous présentons les résultats d’un criblage combinant bilan et évolution d...

Charles Lepetitpas ...
  • Emira Sagaama
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/25/2019

...

Charles Lepetitpas ...
  • Emira Sagaama
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 25/02/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/23/2019

...

With a more favourable environment, SGS SA improves to Slightly Positive

SGS SA (CH), a company active in the Business Support Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 15, 2019, the closing price was CHF 2,483.00 and its potential was estimated at CHF 2,607.15.

Ibrahim Firdaus

SGS SA

Ibrahim Firdaus

SGS SA

Ibrahim Firdaus

SGS SA

Ibrahim Firdaus

SGS SA

MarketLine Department

SAI Global Pty Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's SAI Global Pty Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by SAI Global Pty Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

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MarketLine Department

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Summary Marketline's Applus Services, S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Applus Services, S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advanta...

MarketLine Department

SGS SA – Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Summary Business and Consumer Services Key Findings Business and Consumer Services Business and Consumer Services Reasons To Buys MarketLine Key Highlights Switzerland

Expert Corporate Governance Service (ECGS)

SGS, March 22 2019

ITEM 4.1.6 - Re-elect Mr. Gérard Lamarche. He is not independent (representative of an important shareholder) and the board independence is insufficient (30.0%). He is a representative of a significant shareholder who is sufficiently represented on the board.  Ethos recommends to OPPOSE.

SGS – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Short term view - SGS : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at CHF 2,499.10. The next target is at CHF 2,234.00, then CHF 2,143.37. Passing CHF 2,499.10 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - SGS : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 2 499,10 CHF prochainement. Le prochain objectif est à 2 234,00 CHF, puis 2 143,37 CHF. Le franchissement de 2 499,10 CHF remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SGS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at CHF 2,234.00. The background trend would be questioned should prices rise above CHF 2,499.10.

Valérie GASTALDY

Analyse court terme - SGS : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 2 234,00 CHF. La tendance de fond serait remise en cause en cas de franchissement de 2 499,10 CHF.

Valérie GASTALDY

Medium term view - SGS : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at CHF 2,238.20.

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