Added to YB: 2024-09-12
Pitch date: 2024-09-11
ARE.TO [bullish]
Aecon Group Inc.
+60.99%
current return
Author Info
No bio for this author
Company Info
Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.
Market Cap
CAD 1.3B
Pitch Price
CAD 19.22
Price Target
N/A
Dividend
3.75%
EV/EBITDA
10.72
P/E
51.03
EV/Sales
0.31
Sector
Construction and Engineering
Category
turnaround
Aecon Group 2.0
ARE.TO: Legacy projects nearing completion, max $125M losses by 2025. New CFO, insider buying, NCIB launched. HSD margins, ~4x 2025E EBITDA. Nuclear wins, backlog shifting to cost+. Catalysts: Eglinton/Finch LRT completion, normalized earnings visibility. Oligopoly with tailwinds at 4x EBITDA.
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