Financials WSP Global Inc.

Equities

WSP

CA92938W2022

Construction & Engineering

Market Closed - Toronto S.E. 21:15:06 26/04/2024 BST 5-day change 1st Jan Change
213.7 CAD +0.03% Intraday chart for WSP Global Inc. +1.95% +15.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,393 13,690 21,611 19,550 23,155 26,648 - -
Enterprise Value (EV) 1 11,473 13,827 22,460 23,139 26,297 29,350 28,722 27,572
P/E ratio 32.7 x 48.2 x 45.3 x 43.9 x 42.2 x 33.8 x 27.9 x -
Yield 1.69% 1.24% 0.82% 0.95% 0.81% 0.7% 0.7% -
Capitalization / Revenue 1.36 x 2 x 2.75 x 2.18 x 2.12 x 2.29 x 2.15 x 2.07 x
EV / Revenue 1.67 x 2.02 x 2.85 x 2.58 x 2.41 x 2.53 x 2.31 x 2.14 x
EV / EBITDA 11.1 x 13.1 x 17 x 15.1 x 13.7 x 13.9 x 12.5 x 11.3 x
EV / FCF 17.2 x 13.4 x 23.9 x 74.9 x 60.7 x 36.3 x 28.8 x 23.4 x
FCF Yield 5.8% 7.46% 4.18% 1.34% 1.65% 2.76% 3.47% 4.28%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 105,932 113,524 117,687 124,454 124,664 124,688 - -
Reference price 2 88.67 120.6 183.6 157.1 185.7 213.7 213.7 213.7
Announcement Date 26/02/20 24/02/21 09/03/22 08/03/23 28/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,886 6,859 7,870 8,957 10,897 11,616 12,422 12,877
EBITDA 1 1,037 1,054 1,322 1,530 1,921 2,115 2,307 2,448
EBIT 1 583.4 577.4 804 953.7 1,248 1,340 1,591 -
Operating Margin 8.47% 8.42% 10.22% 10.65% 11.45% 11.53% 12.81% -
Earnings before Tax (EBT) 1 - 385.9 645.1 587.5 744.9 1,061 1,368 -
Net income 1 286.5 276 473.6 431.8 550 803.6 985.5 -
Net margin 4.16% 4.02% 6.02% 4.82% 5.05% 6.92% 7.93% -
EPS 2 2.710 2.500 4.050 3.580 4.400 6.318 7.655 -
Free Cash Flow 1 665.3 1,032 938.9 309 433.1 808.7 997.3 1,179
FCF margin 9.66% 15.05% 11.93% 3.45% 3.97% 6.96% 8.03% 9.16%
FCF Conversion (EBITDA) 64.17% 97.94% 70.99% 20.19% 22.54% 38.23% 43.23% 48.18%
FCF Conversion (Net income) 232.22% 373.91% 198.25% 71.56% 78.75% 100.64% 101.19% -
Dividend per Share 2 1.500 1.500 1.500 1.500 1.500 1.500 1.500 -
Announcement Date 26/02/20 24/02/21 09/03/22 08/03/23 28/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,027 2,147 2,100 2,110 2,194 2,554 2,667 2,739 2,735 2,756 2,753 2,896 2,951 3,035 2,917
EBITDA 1 377.7 361.2 324.6 352.2 407 446.4 413.3 461.6 521.5 524.9 441.5 508.5 584 586.2 479.5
EBIT 1 243.2 219.1 191.2 223 274.4 265.1 247.4 293.3 358.1 349.3 228.1 274.3 370.8 347.3 -
Operating Margin 12% 10.2% 9.1% 10.57% 12.51% 10.38% 9.28% 10.71% 13.09% 12.67% 8.29% 9.47% 12.57% 11.44% -
Earnings before Tax (EBT) 1 187.9 170.9 130.1 125 174.4 158 154.3 208.9 218.1 163.6 184.9 231.9 327.4 330.3 -
Net income 1 139 126.7 95 89.3 127.5 120 112.5 150.7 156.2 130.6 136.1 170.9 241.6 243.7 -
Net margin 6.86% 5.9% 4.52% 4.23% 5.81% 4.7% 4.22% 5.5% 5.71% 4.74% 4.94% 5.9% 8.19% 8.03% -
EPS 2 1.180 1.070 0.8000 0.7500 1.050 0.9600 0.9000 1.210 1.250 1.040 1.047 1.387 1.827 1.887 1.450
Dividend per Share - - - - - - - - - 0.3750 - - - - -
Announcement Date 09/11/21 09/03/22 11/05/22 08/08/22 09/11/22 08/03/23 10/05/23 08/08/23 08/11/23 28/02/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,080 137 849 3,589 3,142 2,702 2,073 924
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.006 x 0.1301 x 0.6422 x 2.345 x 1.635 x 1.277 x 0.8988 x 0.3774 x
Free Cash Flow 1 665 1,032 939 309 433 809 997 1,179
ROE (net income / shareholders' equity) 8.7% 7.45% 10.8% 8.09% 13.9% 14.4% 15.3% 15.6%
ROA (Net income/ Total Assets) - - 4.72% 5.31% 3.62% 5.3% 6.5% -
Assets 1 - - 10,044 8,132 15,212 15,163 15,162 -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 7.710 10.20 9.070 6.750 7.890 10.40 11.70 -
Capex 1 149 81.2 121 167 178 200 207 223
Capex / Sales 2.16% 1.18% 1.54% 1.86% 1.63% 1.72% 1.66% 1.73%
Announcement Date 26/02/20 24/02/21 09/03/22 08/03/23 28/02/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
213.7 CAD
Average target price
238.8 CAD
Spread / Average Target
+11.73%
Consensus
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  4. Financials WSP Global Inc.