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 10,884 - -
Change - -9.05% 68.85% 6.02% 14.84% -26.33% - -
Enterprise Value (EV) 1 9,664 8,339 12,934 14,037 16,224 12,531 12,034 12,056
Change - -13.7% 55.1% 8.52% 15.58% -22.76% -3.96% 0.18%
P/E 39.5x 29.2x 35.7x 35.6x 30.8x 18.7x 15.3x 14x
PBR - - - - - - - -
PEG - 1.3x 1x 5.58x 0.9x 0.8x 0.7x 1.43x
Capitalization / Revenue 2.17x 1.61x 2.4x 2.19x 2.27x 1.54x 1.45x 1.38x
EV / Revenue 2.66x 1.87x 2.55x 2.39x 2.5x 1.77x 1.6x 1.53x
EV / EBITDA 16.8x 11.5x 15.6x 14.3x 14.2x 9.77x 8.81x 8.23x
EV / EBIT 27.5x 18.9x 23.6x 21.2x 20.5x 13x 11.7x 10.9x
EV / FCF 27.9x 110x 40.5x 36.9x 25.3x 20.3x 15.6x 14x
FCF Yield 3.58% 0.91% 2.47% 2.71% 3.95% 4.92% 6.39% 7.14%
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% 1.01% 1.05% 1.06%
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 96.83 96.83 96.83
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.63x2.56x24.49x0.07% 9.67TCr
12.16x1.04x5.72x4.8% 6.96TCr
33.83x4.25x23.09x0.2% 5.77TCr
25.84x1.99x19.6x1.14% 5.51TCr
50.59x4.03x25.49x1.92% 3.97TCr
27.21x0.68x11.25x2.27% 3.4TCr
22.96x1.57x14.44x0.2% 3.32TCr
21.59x0.43x6.81x2.81% 2.92TCr
4.92x0.31x5.78x5.98% 2.62TCr
Average 28.30x 1.88x 15.19x 2.15% 4.9TCr
Weighted average by Cap. 31.85x 2.11x 16.77x 1.84%

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