Company Valuation: Stantec Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,902 7,187 12,134 12,864 14,774 11,315 - -
Change - -9.05% 68.85% 6.02% 14.84% -23.41% - -
Enterprise Value (EV) 1 9,664 8,339 12,934 14,037 16,224 12,962 12,466 12,488
Change - -13.7% 55.1% 8.52% 15.58% -20.1% -3.83% 0.18%
P/E 39.5x 29.2x 35.7x 35.6x 30.8x 19.5x 15.9x 14.5x
PBR - - - - - - - -
PEG - 1.3x 1x 5.58x 0.9x 0.8x 0.7x 1.48x
Capitalization / Revenue 2.17x 1.61x 2.4x 2.19x 2.27x 1.6x 1.51x 1.44x
EV / Revenue 2.66x 1.87x 2.55x 2.39x 2.5x 1.83x 1.66x 1.59x
EV / EBITDA 16.8x 11.5x 15.6x 14.3x 14.2x 10.1x 9.12x 8.53x
EV / EBIT 27.5x 18.9x 23.6x 21.2x 20.5x 13.5x 12.1x 11.3x
EV / FCF 27.9x 110x 40.5x 36.9x 25.3x 21x 16.2x 14.5x
FCF Yield 3.58% 0.91% 2.47% 2.71% 3.95% 4.76% 6.17% 6.89%
Dividend per Share 2 0.66 0.72 0.78 0.84 0.9 0.975 1.017 1.03
Rate of return 0.93% 1.11% 0.73% 0.74% 0.69% 0.97% 1.01% 1.02%
EPS 2 1.8 2.22 2.98 3.17 4.2 5.165 6.317 6.935
Distribution rate 36.7% 32.4% 26.2% 26.5% 21.4% 18.9% 16.1% 14.9%
Net sales 1 3,636 4,457 5,066 5,867 6,495 7,090 7,506 7,877
EBITDA 1 573.8 723.9 831 980.3 1,144 1,282 1,366 1,464
EBIT 1 352 440.4 547.4 661.7 792 963 1,032 1,108
Net income 1 200.7 247 331.2 361.5 479.4 600.2 710 779.5
Net Debt 1 1,762 1,153 799.7 1,172 1,450 1,647 1,150 1,172
Reference price 2 71.07 64.88 106.38 112.78 129.52 100.67 100.67 100.67
Nbr of stocks (in thousands) 1,11,186 1,10,766 1,14,067 1,14,067 1,14,067 1,12,400 - -
Announcement Date 23/02/22 22/02/23 28/02/24 25/02/25 25/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
54.12x2.48x23.66x0.07% 9.32TCr
12.44x1.07x5.83x4.7% 7.29TCr
26.64x2.04x20.1x1.15% 5.77TCr
32.53x4.08x22.16x0.21% 5.55TCr
52.31x4.14x26.37x1.74% 4.17TCr
29.39x0.72x11.98x2.11% 3.7TCr
22.63x1.54x14.23x0.2% 3.27TCr
23.52x0.48x7.58x2.51% 3.24TCr
5.04x0.31x5.82x5.83% 2.69TCr
Average 28.74x 1.87x 15.30x 2.06% 5TCr
Weighted average by Cap. 31.56x 2.06x 16.51x 1.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield