October 2022 marked 25 years since the IPO of Eurofins Scientific, a global leader in laboratory testing. During those 25 years only three companies across the globe have generated higher returns for shareholders; Apple, Amazon, and Monster Beverage.
The amount of goodwill on the balance sheet is what threw me off.
Do they plan on reducing the share of goodwill over time?
Have you guys looked at the short case on that one?
https://www.shadowfall.com/wp-content/uploads/2019/01/Eurofins_ShadowFall_Research_Report_FINAL_16_Oct_2011.pdf