회사 개요
AECOM is a leading provider of professional infrastructure consulting services globally, serving governments, businesses, and organizations across international borders through specialized advisory, planning, and consulting capabilities. This firm operates within the Industrials sector, specifically in the Engineering & Construction industry, positioning it as a critical player in capital-intensive projects requiring technical expertise and project management. The company maintains a significant market presence with a market capitalization of $11.06 billion and generates annual revenue reaching $15.96 billion. With an employee base of 51,000 professionals, the scale of AECOM's operations indicates a substantial footprint in the global infrastructure market, reflecting its capacity to handle large-scale, complex projects that smaller competitors cannot support.
재무 건전성
The company reported total revenue of $15.96 billion over the trailing twelve months, with net income standing at $601.34 million and EBITDA totaling $1.26 billion. The considerable gap between revenue and net income highlights a cost structure characterized by lower margins typical of the engineering and construction industry, where operational expenses significantly impact the bottom line. Free cash flow is reported at $622.24 million, which provides the organization with essential financial flexibility to fund ongoing operations, service debt obligations, or pursue strategic initiatives without immediate reliance on external financing. The company's profitability metrics reveal a gross margin of 7.7%, an operating margin of 6.3%, and a profit margin of 2.9%, indicating that for every dollar of revenue generated, only a small fraction remains as profit after covering all costs and taxes. In terms of liquidity and solvency, the firm holds $1.25 billion in cash against total debt of $3.34 billion, resulting in a debt-to-equity ratio of 136.56% that suggests a leveraged balance sheet rather than a conservative one. Current assets exceed current liabilities with a current ratio of 1.10, indicating that while the company can meet its short-term obligations, its liquidity buffer is relatively tight. Return on equity stands at 28.2% while return on assets is 5.7%, metrics that reveal management's effectiveness in generating high returns on shareholder capital relative to the total asset base employed.
밸류에이션 평가
The stock carries a trailing P/E ratio of 18.92 and a forward P/E of 12.91, implying that the market expects earnings to grow significantly in the future to justify the current valuation multiple. The price-to-book ratio is 4.95, suggesting that the market values the company at nearly five times its book value, which often indicates a premium assigned to the firm's intangible assets or future growth prospects. Alternative valuation metrics such as a price-to-sales ratio of 0.69 and an EV/EBITDA of 10.63 provide additional context, showing that the company is valued at less than a dollar of sales per dollar of revenue but maintains a moderate multiple relative to earnings before interest, taxes, depreciation, and amortization. The 52-week trading range spans from a low of $83.02 to a high of $135.52, meaning the current price position relative to this historical band must be evaluated against recent market volatility and sentiment. The beta value of 1.08 indicates that the stock's price volatility is slightly higher than that of the broader market, reflecting sensitivity to general market movements but also specific sector risks inherent to infrastructure development cycles.
Growth & Income
Revenue growth over the last year declined by 4.6%, while earnings growth fell sharply by 55.3%, indicating that profitability contracted at a much faster pace than revenue, likely due to one-time charges, margin compression, or restructuring costs affecting the bottom line. As a dividend-paying entity, AECOM offers a dividend yield of 1.3% with a payout ratio of 24.1%, a level that appears sustainable given the company's current earnings generation and cash flow capabilities. The relatively low payout ratio suggests that the company retains the majority of its earnings, preserving capital for reinvestment into growth initiatives rather than distributing them entirely to shareholders. Overall, the growth and income profile presents a mixed picture where the company maintains a reliable income stream through dividends but faces challenges in expanding revenue and earnings simultaneously in the current fiscal environment.