SWECO, WSP, STN, TTEK and the value of Professional ServicesSWECO EV is twice their revenue.
https://finance.yahoo.com/quote/SWEC-B.ST/key-statistics?p=SWEC-B.ST
Same for WSP, STN,..
TTEK is 2.5X
Revenue of SNC professional services is close to 7B. == Jacob et al, will likely give it 14B or 80$ per share on that basis when the LSTK are completed.
Value of 407 and other concessions handsomely pays the debt and whatever losses are incurred up to 1B (3 times the 300m cap).