WSP Global (WSP.TO)
Industrials · TSX · Canada
Fundamentals
Valuation and ratings
WSP Global trades at C$183.12, which is 59% above the C$74.44 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 36 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 23.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About WSP Global
WSP Global Inc. operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. The company advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners. It also provides engineering and consultancy services, such as decarbonization strategies, digital building design, building engineering design, and advisory, as well as project and construction management services. In addition, the company works with and advises governments and private sector in earth sciences and environmental sustainability to conduct due diligence, permit approvals, regulatory compliance, waste/hazardous materials management, geotechnical and mining engineering, water resource management, environmental/social impact assessments, feasibility, and land remediation studies. Further, it offers clients integrated solutions on all kinds of energy projects, including large-scale power plants, and smaller on-site power generation and efficiency programs; clean energy investment, such as renewables; high-voltage direct current energy transmission; lower-carbon solutions, such as nuclear; substation design; electrical studies; protection and controls; advanced distribution management systems; and storage and distribution from pre-feasibility studies and community engagement through operation and decommissioning. Additionally, the company provides strategic advisory services comprising planning, technical, and strategic advisory; digital solutions; and sustainability services. WSP Global Inc. was formerly known as GENIVAR Inc. and changed its name to WSP Global Inc. in January 2014. The company was founded in 1993 and is headquartered in Montreal, Canada.
WSP.TO passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is WSP Global (WSP.TO) undervalued?
Against our discounted cash flow estimate of C$74.44, WSP.TO at C$183.12 is 59% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is WSP.TO's P/E ratio?
WSP.TO trades at 23.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.