Aecon Group Inc T.ARE

The Report / Morningstar

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Quantitative Equity Research Report | Release: 31 Jan 2023, 22:23 UTC | Reporting Currency: CAD | Trading Currency: CAD | Exchange: TORONTO STOCK EXCHANGE

Page 1 of 4

Aecon Group Inc ARE QQQ

1 Feb 2023, 02:30 UTC

Economic Moat None

40

30

20

10

5

Uncertainty Very High

Price/Fair Value 0.6

ESG Risk Rating Assessment1 ;;;;; 6.60 4 Jan 2023 06:00, UTC

Market Cap 685.7729 Mil

Investment Style Small Value

Sector Industrials

Industry

Engineering & Construction

Trailing Dividend Yield %

                                                                                                                                                                                                                                                                                                                                                                                    

2013

2014 2015

2016 2017 2018 2019

2020 2021

2022

Fair ValueQoant 18.48

Last Close 11.21

Overvalued Fairly Valued Undervalued

YTD Performance Price/Fair Value

Total Return % +/- Index

1.05 54.08 41.20

0.80 -31.20 -41.42

0.97 47.43 56.09

0.93 2.08 -19.44

1.26 34.03 24.83

0.91 -9.18 -0.17

0.96 2.78 -19.80

0.98 -2.97 -8.76

0.79 7.46 -17.26

0.58 -41.65 -36.10

0.61 23.05 17.14

 

As of 31 Jan 2023 | Index: Morningstar Canada GR CAD. Fair Value data as of 1 Feb 2023, 02:30 UTC.

1The ESG Risk Rating Assessment is a representation of Sustainalytics' ESG Risk Rating.Lee Davidson, Head of Manger and Quantitative Research, oversees the methodology that supports Quantitative Fair Value Estimates and Quantitative Star Ratings. Mr. Davidson is guided by the Code of Ethics and Investment Research Integrity Policy of Morningstar Research Services LLC, a subsidiary of Morningstar, Inc. Morningstar’s Quantitative Research team, which consist of employees of Morningstar, Inc., are guided by Morningstar, Inc.’s Code of Ethics. For information regarding Conflicts of Interests,visit https://global.morningstar.com/equitydisclosures.

 

Valuation asof31Jan2023

Fair ValueQoant

18.48

UncertaintyQ : Very High

Last Close

11.21

Financialsasof31Jan2023(FiscalYearEnd31Dec2022)

 

oant

ARE is Under Valued at a 39% discount.

Economic Moat

None Financial Health

Moderate 1-Star Price

33.93 5-Star Price

10.06

2013

3,069 59 1.94 41 0.72

134 -59 75.06 79 0.32

2014 2015

2,614 2,918 41 57 1.55 1.95 30 69 0.51 1.03

75 58 -59 -53 15.64 5.35 84 81 0.36 0.40

2016 2017 2018 2019 2020

3,213 2,806 3,266 3,460 3,644 63 39 75 90 127 1.97 1.39 2.29 2.6 3.49 47 28 59 73 88 0.77 0.46 0.94 1.12 1.29

27 197 369 196 273 -40 -170 -215 -205 -139 -13.10 27.65 154.11 -9.37 133.68 72 72 74 74 76 0.46 0.50 0.50 0.58 0.64

2021 2022 YTD

3,977 — 3,430 96 — 39 2.42 — 1.13 50 — 11 0.78 — 0.16

-31 — -151

-42 — -24 -73.03 — -175.06 74 — 79 0.70 0.74 0.74

2021 2022 Current

0.79 0.58 0.61

0.32 0.16 0.19 16.08 26.03 32.11 11.47 — 10.81

1.14 0.58 0.72

Fiscal

Revenue(Mil) OperatingIncome(Mil) OperatingMargin(%) NetIncome(Mil) DilutedEarnings/Share

Operating Cash Flow (Mil) CapitalSpending(Mil) Free Cash Flow (Mil) AvgSharesOutstand(Mil) DividendPerShare

Calendar

Price/FairValue Price/Sales Price/Earnings Price/CashFlow Price/Book

Fiscal (%)

ReturnonAssets ReturnonEquity
Rtn on Invested Capital

®

  

Contact
20 Carlson Court, Toronto, ON M9W 7K6 [phone]
[e-mail] https://www.aecon.com

Business Description
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Con- cessions. The Construction segment includes vari- ous aspects of the construction of public and private infrastructure projects, mainly in the trans- portation sector. Its concessions segment is en-

2013 2014

1.05 0.80

0.40 0.31 15.77 20.21 10.05 8.37

1.57 0.97

2015 2016

0.97 0.93

0.48 0.34 18.54 15.72 30.61 16.80

1.26 1.22

2017 2018 2019 2020

1.26 0.91 0.96 0.98

0.49 0.43 0.37 0.35 33.80 20.96 13.90 14.35

Valuation as of 31 Jan 2023

Operating Performance as of 31 Jan 2023 (Fiscal Year End 31 Dec 2022)

2013 2014 2015

1.97 1.57 3.71 7.19 4.84 10.0 5.82 5.18 8.4

2016 2017 2018 2019

2.41 1.24 2.16 2.41 6.35 3.7 7.39 8.66 5.95 3.58 5.17 5.88

2020 2021

2.75 1.51 10.16 5.56 6.66 4.86

2022 Q3

— 0.96 — 3.73 — 2.35

12.93 2.35 — 1.57 1.34 1.25

3.67 1.14

 

gaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Con- struction segment.

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