RE:RE:Collaborative projects
LCcapital wrote: 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?
If the variability in earnings is
identical they will definitely trade at the
same multiple.
That is precisely what I wrote. I beg to ask what is unclear. Thanks LC.
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.
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.