Présentation de l'entreprise
AECOM operates within the Industrials sector as a prominent player in the Engineering & Construction industry, delivering professional infrastructure consulting services to governments, businesses, and organizations globally across the Americas, International, and AECOM Capital segments. The firm's extensive portfolio encompasses advisory, planning, consulting, and architectural services, positioning it as a key intermediary in the development of critical infrastructure worldwide. With a market capitalization of $11.10B and an annual revenue of $15.96B, the company demonstrates significant scale supported by a workforce of 51000 employees. These valuation and revenue figures indicate that AECOM maintains a substantial footprint in the global engineering market, reflecting its established status as a major provider of specialized technical services and infrastructure solutions on an international basis.
Santé financière
The company reported revenue of $15.96B over the trailing twelve months, generating net income of $601.34M and EBITDA of $1.26B, revealing a substantial gap between top-line revenue and bottom-line earnings that highlights a cost structure with significant operating expenses. Operating with a gross margin of 7.7%, an operating margin of 6.3%, and a profit margin of 2.9%, the financial data suggests that the business model relies on high volume to generate profitability while managing substantial fixed costs inherent to large-scale engineering projects. The firm generated free cash flow of $622.24M, which provides essential financial flexibility for capital allocation, debt servicing, and potential strategic investments despite the leverage on the balance sheet. Liquidity analysis shows a cash position of $1.25B against total debt of $3.34B, resulting in a debt-to-equity ratio of 136.56, indicating a leveraged balance sheet where equity obligations exceed asset value. Short-term liquidity is measured by a current ratio of 1.10, suggesting the company holds just enough current assets to cover its current liabilities, requiring careful management of working capital cycles. Return on equity stands at 28.2% while return on assets is 5.7%, metrics that collectively reveal management's effectiveness in generating returns relative to the equity invested and the total asset base utilized.
Évaluation de la valorisation
AECOM's valuation is characterized by a trailing P/E ratio of 19.00 and a forward P/E of 12.96, implying that the market currently prices in a significant contraction in future earnings relative to recent performance. The price-to-book ratio of 4.98 indicates that the stock trades at a substantial premium to its book value, reflecting market confidence in the brand's intangible assets and future earning potential despite current earnings compression. Alternative valuation metrics, including a price-to-sales ratio of 0.70 and an EV/EBITDA of 10.67, suggest that the company is valued based on sales multiples that are moderate for the industrials sector, while the enterprise multiple reflects earnings power adjusted for debt and cash positions. The stock has traded between a 52-week high of $135.52 and a 52-week low of $83.02, with the current price situated within this established range to reflect recent market volatility. The beta of 1.08 indicates that the stock's price volatility moves in tandem with the broader market, exhibiting slightly higher sensitivity to general market fluctuations compared to the index average.
Growth & Income
Recent performance data shows revenue growth of -4.6% and earnings growth of -55.3%, indicating that earnings are declining at a rate significantly faster than revenue, which often points to margin compression or one-time cost impacts affecting profitability more severely than top-line volume. The company offers a dividend yield of 1.3% with a payout ratio of 24.1%, suggesting a conservative distribution policy where a small portion of earnings is returned to shareholders while the majority is retained. Given the elevated negative earnings growth, the payout ratio appears sustainable only because the payout is a small fraction of reported income, though the negative earnings trajectory presents a structural risk to future dividend continuity if profitability does not stabilize. The overall growth and income profile reflects a mature, leveraged infrastructure firm currently navigating a challenging earnings environment while maintaining a modest commitment to shareholder returns through dividends rather than aggressive share buybacks or reinvestment.