Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Conglomerates

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc > Aecon valuation

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Comment by Gabrielon Sep 27, 2023 11:07pm

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Post# 35658465

RE:Aecon valuation

Outstanding analysis, very appreciated.

Since the key price appreciation driver is the completion of the LSTKs, the backlog of those is 700 m of the 7B total backlog or 10% (not half per line 8 of your message).

https://www.aecon.com/press-room/news/2023/07/26/aecon-reports-second-quarter-2023-results

At June 30, 2023, the remaining backlog to be worked off on these projects was $699 million.
Reported backlog at June 30, 2023 of $6,851 million compared to backlog of $6,605 million at June 30, 2022.

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