Worley Future Growth
Future criteria checks 2/6
Worley is forecast to grow earnings and revenue by 15% and 5.8% per annum respectively. EPS is expected to grow by 16.9% per annum. Return on equity is forecast to be 9.2% in 3 years.
Key information
15.0%
Earnings growth rate
16.88%
EPS growth rate
| Construction earnings growth | 16.9% |
| Revenue growth rate | 5.8% |
| Future return on equity | 9.24% |
| Analyst coverage | Good |
| Last updated | 22 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 21
WOR: Extended Buyback And Upbeat Outlook Will Support Future Earnings Quality
Analysts now see Worley’s fair value at A$13.69, only slightly above the prior A$13.64. This reflects updated views on discount rates, revenue growth, profit margins and future P/E after recent downgrades and lower price targets from Seaport Research, RBC Capital and Jefferies.Narrative Update • Apr 28
WOR: Extended Buyback And Margin Resilience Will Support Future Earnings Quality
Narrative Update on Worley The analyst price target for Worley has been reduced from about A$14.52 to A$13.64, with analysts pointing to weaker underlying results, higher restructure costs and slightly lower assumptions for growth, margins and future P/E multiples as key drivers of the change. Analyst Commentary Recent research views on Worley have shifted more cautiously, with price targets reduced and ratings pulled back after the latest results and guidance.Narrative Update • Apr 12
WOR: Extended Buyback And Underlying Margin Strength Will Support Future Earnings Quality
Analysts have reduced their price targets on Worley, with cuts from A$18 to A$13 and a move to A$12.37. These changes reflect concerns about higher restructure costs and a weaker underlying result, despite headline beats.Narrative Update • Mar 28
WOR: Extended Buyback And Restructuring Progress Will Support Future Earnings Quality
Analysts have trimmed their average price target for Worley by A$5. This reflects recent downgrades to Sector Perform and Hold that point to concerns around restructuring costs and a weaker underlying result, even though previously reported headline metrics came in ahead of some estimates.Narrative Update • Mar 13
WOR: Extended Buyback And FY2026 Guidance Will Support Earnings Quality Reassessment
Narrative update on Worley Analysts have reduced their price targets on Worley, with our updated fair value estimate moving from A$16.35 to A$14.52. This reflects recent downgrades that highlight higher restructure costs and concerns around a weaker underlying result despite headline beats.Narrative Update • Feb 26
WOR: Extended Buyback And FY2026 Guidance Will Support A More Positive Outlook
Analysts have marginally adjusted their price target for Worley to A$16.35 from A$16.44, reflecting updated views on fair value, discount rate, and future P/E assumptions. What's in the News Worley has changed the terms of its share buyback plan, extending the program duration to March 12, 2027.
New Narrative • Feb 18
Energy Transition Backlog Will Support Steady Margins And Justify A Stable Outlook
Catalysts About Worley Worley provides engineering, procurement, construction and related professional services across energy, chemicals and resources projects globally. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 12
WOR: FY2026 Guidance Will Set Up A More Supportive Outlook
Analysts have trimmed their price target for Worley slightly to A$16.44 from A$16.44, reflecting modest tweaks to the discount rate, revenue growth, profit margin and forward P/E assumptions while keeping their overall view broadly unchanged. What's in the News Worley Limited issued earnings guidance for full year 2026, giving investors a time frame to watch for the next major update on the business (Key Developments).
New Narrative • Feb 03
Data Center Power And Energy Transition Work Will Drive A Stronger Future For This Business
Catalysts About Worley Worley provides engineering, procurement and construction related services across energy, chemicals and resources projects globally. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 29
WOR: FY2026 Guidance Will Support A More Positive Outlook
Analysts have nudged their price target for Worley slightly lower, from A$16.51 to A$16.44. This reflects modest adjustments to the discount rate and expected future P/E multiple, while revenue growth and profit margin assumptions are broadly unchanged.Narrative Update • Jan 15
WOR: Updated FY2026 Guidance Will Support A More Positive Outlook
Analysts have reduced their price target for Worley to A$16.51 from A$17.01, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. What's in the News Worley issued new earnings guidance for the full year 2026, giving investors an updated view on expected performance.Analysis Article • Dec 13
Is Worley (ASX:WOR) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 21
Is Worley Limited (ASX:WOR) Trading At A 24% Discount?
Key Insights Worley's estimated fair value is AU$17.29 based on 2 Stage Free Cash Flow to Equity Worley is estimated to...Analysis Article • Nov 03
Here's What To Make Of Worley's (ASX:WOR) Decelerating Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Oct 04
Should You Be Adding Worley (ASX:WOR) To Your Watchlist Today?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Sep 15
Worley Limited's (ASX:WOR) Shares Not Telling The Full Story
With a price-to-earnings (or "P/E") ratio of 17.9x Worley Limited ( ASX:WOR ) may be sending bullish signals at the...Analysis Article • Aug 29
Worley (ASX:WOR) Has Affirmed Its Dividend Of A$0.25
Worley Limited ( ASX:WOR ) will pay a dividend of A$0.25 on the 1st of October. Based on this payment, the dividend...Analysis Article • Aug 02
Worley (ASX:WOR) Is Looking To Continue Growing Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...Analysis Article • Jun 10
Worley Limited (ASX:WOR) Shares Could Be 49% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Worley fair value estimate is AU$25.73 Worley's AU$13.08 share...Analysis Article • May 13
Worley Limited's (ASX:WOR) P/E Still Appears To Be Reasonable
With a median price-to-earnings (or "P/E") ratio of close to 18x in Australia, you could be forgiven for feeling...Analysis Article • Mar 26
We Think Worley (ASX:WOR) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 13
Worley (ASX:WOR) Is Experiencing Growth In Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Analysis Article • Mar 01
Worley Limited Just Beat Revenue By 12%: Here's What Analysts Think Will Happen Next
Investors in Worley Limited ( ASX:WOR ) had a good week, as its shares rose 6.8% to close at AU$15.22 following the...Analysis Article • Feb 27
Is Worley Limited (ASX:WOR) Trading At A 44% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Worley fair value estimate is AU$27.53 Worley's AU$15.55 share...
New Narrative • Feb 09
Investing In Digital, AI, And Sustainability Projects Will Improve Efficiency And Seize Energy Transition Opportunities
Worley prioritizes high-margin services and sustainable projects, aiming for substantial EBITDA growth through enhanced revenue and net margins.Analysis Article • Feb 01
What Is Worley Limited's (ASX:WOR) Share Price Doing?
Worley Limited ( ASX:WOR ), might not be a large cap stock, but it saw significant share price movement during recent...Analysis Article • Jan 18
Is Now The Time To Put Worley (ASX:WOR) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Dec 20
Worley Limited (ASX:WOR) Not Flying Under The Radar
It's not a stretch to say that Worley Limited's ( ASX:WOR ) price-to-sales (or "P/S") ratio of 0.6x seems quite...Analysis Article • Dec 03
Worley (ASX:WOR) Is Experiencing Growth In Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Analysis Article • Oct 27
Here's Why Worley (ASX:WOR) Can Manage Its Debt Responsibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Oct 14
Here's Why We Think Worley (ASX:WOR) Might Deserve Your Attention Today
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Sep 15
What Does Worley Limited's (ASX:WOR) Share Price Indicate?
Worley Limited ( ASX:WOR ), might not be a large cap stock, but it received a lot of attention from a substantial price...Analysis Article • Aug 28
Returns At Worley (ASX:WOR) Are On The Way Up
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Analysis Article • Aug 15
Getting In Cheap On Worley Limited (ASX:WOR) Might Be Difficult
With a median price-to-sales (or "P/S") ratio of close to 0.6x in the Construction industry in Australia, you could be...Analysis Article • Jun 07
Estimating The Intrinsic Value Of Worley Limited (ASX:WOR)
Key Insights Worley's estimated fair value is AU$16.35 based on 2 Stage Free Cash Flow to Equity With AU$14.49 share...Analysis Article • Apr 30
Worley (ASX:WOR) Is Experiencing Growth In Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Analysis Article • Mar 18
These 4 Measures Indicate That Worley (ASX:WOR) Is Using Debt Reasonably Well
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 01
Are Investors Undervaluing Worley Limited (ASX:WOR) By 21%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Worley fair value estimate is AU$21.25 Worley is estimated to...Analysis Article • Feb 10
At AU$15.62, Is Worley Limited (ASX:WOR) Worth Looking At Closely?
While Worley Limited ( ASX:WOR ) might not have the largest market cap around , it saw significant share price movement...Analysis Article • Dec 19
Revenues Tell The Story For Worley Limited (ASX:WOR)
It's not a stretch to say that Worley Limited's ( ASX:WOR ) price-to-sales (or "P/S") ratio of 0.8x right now seems...Analysis Article • Dec 03
Worley (ASX:WOR) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 18
Calculating The Intrinsic Value Of Worley Limited (ASX:WOR)
Key Insights Worley's estimated fair value is AU$18.38 based on 2 Stage Free Cash Flow to Equity Worley's AU$17.15...Analysis Article • Nov 03
At AU$16.70, Is It Time To Put Worley Limited (ASX:WOR) On Your Watch List?
Worley Limited ( ASX:WOR ), might not be a large cap stock, but it maintained its current share price over the past...Analysis Article • Aug 28
Worley (ASX:WOR) Has Announced A Dividend Of A$0.25
The board of Worley Limited ( ASX:WOR ) has announced that it will pay a dividend on the 27th of September, with...Analysis Article • Aug 23
Worley (ASX:WOR) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 07
Calculating The Fair Value Of Worley Limited (ASX:WOR)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Worley fair value estimate is AU$19.72 Worley's AU$17.09 share...Analysis Article • Jul 16
Is It Too Late To Consider Buying Worley Limited (ASX:WOR)?
Worley Limited ( ASX:WOR ), is not the largest company out there, but it saw a double-digit share price rise of over...Analysis Article • May 08
Worley Limited (ASX:WOR) Shares Could Be 23% Below Their Intrinsic Value Estimate
Key Insights Worley's estimated fair value is AU$20.72 based on 2 Stage Free Cash Flow to Equity Current share price of...Analysis Article • Apr 17
Is It Time To Consider Buying Worley Limited (ASX:WOR)?
Worley Limited ( ASX:WOR ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...Analysis Article • Mar 23
Worley (ASX:WOR) Seems To Use Debt Quite Sensibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2028 | 13,836 | 502 | 483 | 711 | 5 |
| 6/30/2027 | 13,143 | 451 | 576 | 694 | 6 |
| 6/30/2026 | 12,417 | 313 | 529 | 522 | 6 |
| 12/31/2025 | 11,141 | 345 | 528 | 606 | N/A |
| 9/30/2025 | 11,185 | 377 | 597 | 674 | N/A |
| 6/30/2025 | 11,228 | 409 | 665 | 741 | N/A |
| 3/31/2025 | 11,409 | 395 | 580 | 657 | N/A |
| 12/31/2024 | 11,589 | 380 | 494 | 573 | N/A |
| 9/30/2024 | 11,695 | 342 | 541 | 628 | N/A |
| 6/30/2024 | 11,800 | 303 | 587 | 682 | N/A |
| 3/31/2024 | 11,778 | 273 | 524 | 619 | N/A |
| 12/31/2023 | 11,755 | 242 | 460 | 556 | N/A |
| 9/30/2023 | 11,541 | 140 | 319 | 408 | N/A |
| 6/30/2023 | 11,326 | 37 | 178 | 260 | N/A |
| 3/31/2023 | 10,878 | 16 | 224 | 294 | N/A |
| 12/31/2022 | 10,429 | -6 | 270 | 327 | N/A |
| 9/30/2022 | 10,065 | 83 | 267 | 322 | N/A |
| 6/30/2022 | 9,701 | 172 | 263 | 316 | N/A |
| 3/31/2022 | 9,505 | 156 | 280 | 343 | N/A |
| 12/31/2021 | 9,308 | 139 | 296 | 369 | N/A |
| 9/30/2021 | 9,414 | 111 | 375 | 451 | N/A |
| 6/30/2021 | 9,520 | 82 | 453 | 533 | N/A |
| 3/31/2021 | 10,273 | 80 | 618 | 694 | N/A |
| 12/31/2020 | 11,026 | 78 | 782 | 855 | N/A |
| 9/30/2020 | 12,039 | 124 | 774 | 842 | N/A |
| 6/30/2020 | 13,051 | 171 | 765 | 829 | N/A |
| 3/31/2020 | 12,100 | 178 | 583 | 636 | N/A |
| 12/31/2019 | 11,149 | 185 | 401 | 442 | N/A |
| 9/30/2019 | 9,018 | 169 | N/A | 339 | N/A |
| 6/30/2019 | 6,887 | 152 | N/A | 236 | N/A |
| 3/31/2019 | 5,973 | 147 | N/A | 236 | N/A |
| 12/31/2018 | 5,059 | 143 | N/A | 236 | N/A |
| 9/30/2018 | 4,945 | 103 | N/A | 248 | N/A |
| 6/30/2018 | 4,830 | 62 | N/A | 260 | N/A |
| 3/31/2018 | 4,866 | 50 | N/A | 234 | N/A |
| 12/31/2017 | 4,901 | 37 | N/A | 208 | N/A |
| 9/30/2017 | 5,057 | 35 | N/A | 143 | N/A |
| 6/30/2017 | 5,214 | 34 | N/A | 79 | N/A |
| 3/31/2017 | 5,764 | 16 | N/A | 71 | N/A |
| 12/31/2016 | 6,315 | -2 | N/A | 63 | N/A |
| 9/30/2016 | 7,045 | 11 | N/A | 128 | N/A |
| 6/30/2016 | 7,775 | 24 | N/A | 192 | N/A |
| 3/31/2016 | 8,144 | -56 | N/A | 205 | N/A |
| 12/31/2015 | 8,512 | -136 | N/A | 217 | N/A |
| 9/30/2015 | 8,629 | -95 | N/A | 234 | N/A |
| 6/30/2015 | 8,747 | -55 | N/A | 251 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WOR's forecast earnings growth (15% per year) is above the savings rate (3.6%).
Earnings vs Market: WOR's earnings (15% per year) are forecast to grow faster than the Australian market (12% per year).
High Growth Earnings: WOR's earnings are forecast to grow, but not significantly.
Revenue vs Market: WOR's revenue (5.8% per year) is forecast to grow slower than the Australian market (6.2% per year).
High Growth Revenue: WOR's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WOR's Return on Equity is forecast to be low in 3 years time (9.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 17:21 |
| End of Day Share Price | 2026/06/02 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Worley Limited is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Megan Kirby-Lewis | Barrenjoey Markets Pty Limited |
| Shaurya Visen | BofA Global Research |
| Cameron Needham | BofA Global Research |