Added to YB: 2024-05-10
Pitch date: 2024-05-09
ARE.TO [bullish]
Aecon Group Inc.
+90.56%
current return
Author Info
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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 16.24
Price Target
35.00 (+13%)
Dividend
3.75%
EV/EBITDA
10.72
P/E
51.03
EV/Sales
0.31
Sector
Construction and Engineering
Category
growth
Idea Hive: New Portfolio Idea - Aecon Group Inc.
ARE.TO: Construction firm nearing profitability inflection as legacy projects wrap up. Normalized 2024 EBITDA could hit $350M (2.5x 2023), implying 3.1x EV/EBITDA vs peers at 6-14x. Core biz valued <1x EBITDA adjusting for stake sales. Higher margins likely sustainable. $35+ price target.
Read full article (3 min)