Aecon Group Inc.
stock CA:ARE (TORONTO)

Alternative ID: CA00762V1094

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Exchange: TORONTO
Sector: Industrial Goods
Industry: Industrial Products and Services
Market Cap: Small (564.6M)
Data in CAD

EPS: 1.20
Current PE: 96.06
BVPS: 14.84
Price/BVPS: 7.77
Dividend: 0.66 / 7.0%

Hist Grade: F (0.00)
YOY Grade: E (23.33)
Debt/FCF: -8.01
ROIC: 5.5%
PEG: 72.77
PEGY: 11.58

Value Price: 2.47
MOS Price: 1.24
MOS %: -97.9%
Graham Number: 20.03
Graham MOS %: -82.6%
IRT: 50.68

Market Price

115.37

3.00 2.7%

as of Jun 02 '23

52 Week Range:

9.16 172.65

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: TORONTO
Sector: Industrial Goods
Industry: Industrial Products and Services
Market Cap: Small (564.6M)
Inst. Ownership: 31.25%
Insider Ownership: 1.84%
Full Time Employees: 5600

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. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors. The Concessions segment engages in the development, building, construction, financing, and operation of construction projects by way of public-private partnership contract structures. The company was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	8.54	10.25	10.28	11.07	12.26	12.52	12.70	13.11	14.04	14.37	14.84
growth rate		20.0%	0.3%	7.7%	10.8%	2.1%	1.4%	3.2%	7.1%	2.4%	3.3%
Earnings BIT	73.56	86.88	59.45	40.54	56.82	76.94	37.98	74.77	90.04	52.59	66.94
growth rate		18.1%	-31.6%	-31.8%	40.2%	35.4%	-50.6%	96.8%	20.4%	-41.6%	27.3%
Avg.PE	15.70	10.79	31.25	19.60	18.51	17.29	31.55	21.22	15.37	14.85	14.71
growth rate		-31.3%	189.6%	-37.3%	-5.6%	-6.6%	82.5%	-32.7%	-27.6%	-3.4%	-0.9%
ROA	2.82	3.79	1.97	1.57	3.71	2.41	1.24	2.16	2.41	2.75	1.51
growth rate		34.4%	-48.0%	-20.3%	136.3%	-35.0%	-48.6%	74.2%	11.6%	14.1%	-45.1%
ROE	12.06	15.15	7.19	4.84	10.00	6.35	3.70	7.39	8.66	10.16	5.56
growth rate		25.6%	-52.5%	-32.7%	106.6%	-36.5%	-41.7%	99.7%	17.2%	17.3%	-45.3%
ROIC	7.35	8.88	6.06	5.52	8.05	5.91	3.91	5.40	5.88	6.66	4.86
growth rate		20.8%	-31.8%	-8.9%	45.8%	-26.6%	-33.8%	38.1%	8.9%	13.3%	-27.0%
Cur. Ratio	1.34	1.29	1.20	1.17	1.61	1.61	1.60	1.70	1.57	1.44	1.46
growth rate		-3.7%	-7.0%	-2.5%	37.6%	0.0%	-0.6%	6.3%	-7.7%	-8.3%	1.4%
Quick Ratio	1.22	1.18	1.15	1.11	1.55	1.56	1.31	1.51	1.45	1.31	1.33
growth rate		-3.3%	-2.5%	-3.5%	39.6%	0.7%	-16.0%	15.3%	-4.0%	-9.7%	1.5%
Leverage	4.08	3.92	3.40	2.79	2.61	2.66	3.28	3.55	3.63	3.76	3.60
growth rate		-3.9%	-13.3%	-17.9%	-6.5%	1.9%	23.3%	8.2%	2.3%	3.6%	-4.3%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	533.20	417.40	841.75	774.42	915.65	1,116.88	1,061.61	1,275.27	1,290.54	1,341.20	1,421.68
growth rate		-21.7%	101.7%	-8.0%	18.2%	22.0%	-5.0%	20.1%	1.2%	3.9%	6.0%
Acct.Payable			477.23	441.28	422.17	494.83	534.61	631.23	674.10	792.32	788.35
growth rate				-7.5%	-4.3%	17.2%	8.0%	18.1%	6.8%	17.5%	-0.5%
Cur.Assets	1,064.20	1,063.80	1,129.59	963.14	1,242.18	1,389.30	1,681.10	2,146.81	2,129.40	2,201.01	2,145.72
growth rate		0.0%	6.2%	-14.7%	29.0%	11.8%	21.0%	27.7%	-0.8%	3.4%	-2.5%
Total Assets	1,984.10	1,863.60	1,993.59	1,830.11	1,874.36	2,005.49	2,485.19	2,932.69	3,114.64	3,287.40	3,286.82
growth rate		-6.1%	7.0%	-8.2%	2.4%	7.0%	23.9%	18.0%	6.2%	5.6%	0.0%
Cash	175.20	63.30	240.60	138.92	282.73	231.86	304.88	630.98	682.26	658.27	532.68
growth rate		-63.9%	280.1%	-42.3%	103.5%	-18.0%	31.5%	107.0%	8.1%	-3.5%	-19.1%
Inventory	30.50	31.00	28.70	31.29	28.08	28.46	23.00	20.75	24.90	21.34	25.20
growth rate		1.6%	-7.4%	9.0%	-10.2%	1.4%	-19.2%	-9.8%	20.0%	-14.3%	18.1%
Cur.Liabilities	791.80	834.80	940.36	823.98	771.97	864.76	1,074.51	1,263.91	1,357.84	1,529.60	1,469.52
growth rate		5.4%	12.6%	-12.4%	-6.3%	12.0%	24.3%	17.6%	7.4%	12.7%	-3.9%
Liabilities	1,497.80	1,320.50	1,406.98	1,174.16	1,156.31	1,251.89	1,729.22	2,107.63	2,256.64	2,413.29	2,373.25
growth rate		-11.8%	6.6%	-16.6%	-1.5%	8.3%	38.1%	21.9%	7.1%	6.9%	-1.7%
LT Debt	531.10	399.20	371.95	270.90	266.35	251.18	370.13	543.52	530.25	527.93	579.20
growth rate		-24.8%	-6.8%	-27.2%	-1.7%	-5.7%	47.4%	46.9%	-2.4%	-0.4%	9.7%
Equity	486.30	543.20	586.61	655.95	718.05	753.60	755.98	825.06	858.00	874.11	913.57
growth rate		11.7%	8.0%	11.8%	9.5%	5.0%	0.3%	9.1%	4.0%	1.9%	4.5%
Common Shares	86.00	79.00	79.00	84.00	81.00	72.00	72.00	386.45	394.29	395.73	405.81
growth rate		-8.1%	0.0%	6.3%	-3.6%	-11.1%	0.0%	436.7%	2.0%	0.4%	2.6%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	36.20	46.20	45.73	28.47	30.29	33.14	37.33	47.35	41.84	37.74	35.38
growth rate		27.6%	-1.0%	-37.8%	6.4%	9.4%	12.6%	26.9%	-11.6%	-9.8%	-6.3%
Cash Dividends	14.80	14.50	17.32	19.74	22.06	25.57	28.67	29.83	33.98	37.54	41.30
growth rate		-2.0%	19.4%	14.0%	11.8%	15.9%	12.1%	4.1%	13.9%	10.5%	10.0%
Cash From OA	197.00	51.70	134.02	74.80	58.11	26.89	197.42	368.68	195.95	272.96	-31.41
growth rate		-73.8%	159.2%	-44.2%	-22.3%	-53.7%	634.3%	86.8%	-46.9%	39.3%	-100.0%
FCF per Share	0.63	-0.64	0.15	0.46	-0.19	0.43	-0.47	5.28	-4.24	2.76	0.25
growth rate		-100.0%	100.0%	206.7%	-100.0%	100.0%	-100.0%	100.0%	-100.0%	100.0%	-90.9%
Sale Purchase of Stock			3.95	41.06	0.77	1.10
growth rate				939.4%	-98.1%	42.4%
FCF	47.00	-51.00	75.00	16.00	5.00	-13.00	28.00	154.00	-7.00	134.00	-73.00
growth rate		-100.0%	100.0%	-78.7%	-68.8%	-100.0%	100.0%	450.0%	-100.0%	100.0%	-100.0%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	2,896.20	2,887.10	3,068.61	2,614.08	2,918.08	3,213.13	2,805.73	3,266.29	3,460.42	3,643.62	3,977.32
growth rate		-0.3%	6.3%	-14.8%	11.6%	10.1%	-12.7%	16.4%	5.9%	5.3%	9.2%
Op.Income	100.50	117.30	59.45	40.54	56.82	76.94	37.98	74.77	90.04	52.59	66.94
growth rate		16.7%	-49.3%	-31.8%	40.2%	35.4%	-50.6%	96.8%	20.4%	-41.6%	27.3%
IBT	73.60	94.40	49.17	35.44	113.85	65.51	30.83	67.03	86.77	123.97	73.79
growth rate		28.3%	-47.9%	-27.9%	221.2%	-42.5%	-53.0%	117.4%	29.5%	42.9%	-40.5%
Net Income	57.60	77.60	40.60	30.04	68.68	46.76	28.18	59.01	72.85	88.03	49.68
growth rate		34.7%	-47.7%	-26.0%	128.6%	-31.9%	-39.7%	109.5%	23.5%	20.8%	-43.6%
EPS	0.84	1.18	0.72	0.51	1.03	0.77	0.46	0.94	1.12	1.29	0.78
growth rate		40.5%	-39.0%	-29.2%	102.0%	-25.2%	-40.3%	104.4%	19.2%	15.2%	-39.5%
Gross Profit	274.10	278.90	270.47	271.04	298.08	319.17	319.02	357.12	367.60	311.85	328.12
growth rate		1.8%	-3.0%	0.2%	10.0%	7.1%	-0.1%	11.9%	2.9%	-15.2%	5.2%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	28.83	58.76	-7.45	-14.89	1.22
growth rate		103.9%	-100.0%	0.0%	100.0%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	1,397.57	1,562.34	1,421.68	1,492.78	1,579.12
growth rate		11.8%	-9.0%	5.0%	5.8%
Acct.Payable	776.05	853.83	788.35	778.04	843.44
growth rate		10.0%	-7.7%	-1.3%	8.4%
Cur.Assets	2,142.26	2,295.87	2,145.72	2,115.56	2,316.43
growth rate		7.2%	-6.5%	-1.4%	9.5%
Total Assets	3,223.37	3,391.46	3,286.82	3,259.52	3,509.29
growth rate		5.2%	-3.1%	-0.8%	7.7%
Cash	562.66	551.81	532.68	433.43	537.35
growth rate		-1.9%	-3.5%	-18.6%	24.0%
Inventory	25.15	26.41	25.20	29.68	32.28
growth rate		5.0%	-4.6%	17.8%	8.8%
Cur.Liabilities	1,466.72	1,585.42	1,469.52	1,464.49	1,683.26
growth rate		8.1%	-7.3%	-0.3%	14.9%
Liabilities	2,364.02	2,489.15	2,373.25	2,365.89	2,608.99
growth rate		5.3%	-4.7%	-0.3%	10.3%
LT Debt	573.40	581.73	579.20	572.06	585.00
growth rate		1.5%	-0.4%	-1.2%	2.3%
Equity	859.35	902.32	913.57	893.63	900.30
growth rate		5.0%	1.3%	-2.2%	0.8%
Common Shares	397.13	397.22	405.81	406.52	407.79
growth rate		0.0%	2.2%	0.2%	0.3%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	8.69	2.84	10.84	2.96	6.48
growth rate		-67.3%	281.2%	-72.7%	119.2%
Cash Dividends	10.55	10.56	10.56	10.64	11.26
growth rate		0.1%	0.0%	0.8%	5.8%
Cash From OA	-25.58	-27.74	73.52	-163.28	23.83
growth rate		0.0%	100.0%	-100.0%	100.0%
Sale Purchase of Stock
growth rate
FCF	-34.27	-30.58	62.68	-166.24	17.35
growth rate		0.0%	100.0%	-100.0%	100.0%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	971.29	1,163.44	1,088.57	985.91	1,123.24
growth rate		19.8%	-6.4%	-9.4%	13.9%
Op.Income	28.83	58.76	-7.45	-14.89	1.22
growth rate		103.9%	-100.0%	0.0%	100.0%
IBT	23.70	51.97	18.98	-21.32	-7.96
growth rate		119.3%	-63.5%	-100.0%	0.0%
Net Income	17.59	38.43	12.07	-17.44	-6.35
growth rate		118.5%	-68.6%	-100.0%	0.0%
EPS
growth rate
Gross Profit	91.87	123.25	55.66	61.09	77.53
growth rate		34.2%	-54.8%	9.8%	26.9%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

F (0.00)

YOY Growth Grade:

E (23.33)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 7.0%
Beta: 0.92
Beta of 0.9245 suggests that the asset is volatile as the rest of the market (fairly priced).
PE: 96.06
EY: 1.0%
PEG: 72.77
PEG Ratio of 72.77 suggests that stock is overpriced.
PEGY: 11.58
PEGY Ratio of 11.58 suggests that stock is overpriced.
Price/BVPS: 7.77

Profitability Ratios

ROE: 5.6%
Return on Equity (ROE) of 5.6% suggests that a company may not be able to fund future growth from within.
ROS: 1.7%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 2.2%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 8.1%
Return on Investment (ROI) of 8.1% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROIC: 5.5%
Return on Invested Capital (ROIC) of 5.5% suggests that a company may not be able to fund future growth from within.

Liquidity Ratios

Current Ratio: 1.46
Current Ratio of 1.46 suggests that a company may not be able to pay off bills as rapidly as it should.
Quick Ratio: 1.33
Quick Ratio of 1.33 suggests that a company is doing well.
Cash Turnover: 5.88
Turnover Of Cash Ratio of 5.88 suggests that a company may be vulnerable to creditors. As a result it may be unable to pay wages or utility bills.
Equity Ratio: 27.8%
Equity Ratio of 27.8% suggests that a company has high financing and debt service costs, not very attractive to investors.
Debt/Equity: 259.8%
Debt to Equity Ratio of 259.8% suggests that greater risk assumed by creditors, hence greater interest by them in the way the company is being managed.
Debt/FCF: -8.01
Debt/FCF of -8.01 suggests that a company has a negative Free Cash Flow and probably will not be able to pay off its long term debt.

Efficiency Ratios

Avg Collection Period: 130.47
Average Collection Period of 130.47 days suggests a slow turnover, which may be the result of a number of bad accounts, or a tax collection policy or perhaps credit is being used to generate sales.
Inventory Turnover: 144.84
Inventory Turnover Ratio of 144.84 suggests that a company is doing well.
Cash Flow Ratio: 1.84
Cash Flow Ratio of 1.84 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 1.3%

Value Price

PE and EPS

	Historical	Current	Forward
PE	7.79	96.06	7.55
EPS / Growth	0.9%	1.20	1.3%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 4.7%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	0.9%	2.3%	2.3%
Future PE	1.70	6.64	6.64
Future EPS	1.31	1.51	1.51
Value Price MOS %	0.55 -99.5%	2.47 -97.9%	2.47 -97.9%
MOS Price	0.27	1.24	1.24
IRT	70.08	50.68	50.68

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 20.03
Graham MOS: -82.6%

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