RE:Collaborative projects Gabriel wrote: Mark my words, contractors involved in collaborative projects will trade at the same multiple as engineering services firms as the variability in their earnings will be comparable. Give it 5 years. So let me see here :
EBITDA construction : > 500m * 12x = 6B
EBITDA concessions : > 200m * 12x 2= 2.4B
< 60m shares left after 2 NCIB programs.
> 140$ per share.
That is a strong claim - I am not sure I totally agree. The gap should close I agree with collaborative pricing and also general improvements to construction firms and their processes, but ultimately isn't engineering a business with a less variable cost structure, and therefore will have a higher multiple?