Added to YB: 2026-07-07
Pitch date: 2026-07-03
ATRL.TO [bullish]
AtkinsRéalis Group Inc.
-0.24%
current return
Author Info
No bio for this author
Company Info
AtkinsRéalis Group Inc., together with its subsidiaries, provides professional services and project management, and capital investment services in the United Kingdom, Canada, the United States, Saudi Arabia, and internationally.
Market Cap
CAD 14.7B
Pitch Price
CAD 90.63
Price Target
117.00 (+29%)
Dividend
0.09%
EV/EBITDA
14.34
P/E
5.75
EV/Sales
1.31
Sector
Construction and Engineering
Category
value
AtkinsRéalis: What the AI Selloff Got Wrong
ATRL.TO: Canadian engineering firm sold off on AI fears (WSP -38%, Stantec -35%). Bull thesis: AI disruption overblown (licensing/liability moats), sector consolidation favors low-lev ATRL (-0.4x EBITDA, $3B M&A firepower). Owns rare CANDU nuclear tech; SMR/export pipeline (Turkey, Poland, Romania) + Canada's 10-reactor plan. Q1'26 nuclear organic +36.5%, UK 17.9% margin. Values nuclear 20x EV/EBIT (~$34/sh) + engineering $64-74 = $103 SOTP. Trades $80-90, consensus C$114-117. Cost basis $64. Risks: no new reactors, low M&A, AI margin compression.
Read full article (6 min)