Worley Limited

CHIA:WOR Stock Report

Market Cap: AU$7.7b

Worley Valuation

Is WOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WOR (A$14.58) is trading below our estimate of fair value (A$30.05)

Significantly Below Fair Value: WOR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WOR?

Other financial metrics that can be useful for relative valuation.

WOR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA11.5x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does WOR's PE Ratio compare to its peers?

The above table shows the PE ratio for WOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
VNT Ventia Services Group
19.2x7.9%AU$3.9b
NWH NRW Holdings
15.4x10.9%AU$1.6b
MND Monadelphous Group
20x8.1%AU$1.2b
MGH MAAS Group Holdings
21.3x17.1%AU$1.6b
WOR Worley
25.4x15.4%AU$7.7b

Price-To-Earnings vs Peers: WOR is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does WOR's PE Ratio compare vs other companies in the AU Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.4%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: WOR is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the Australian Construction industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is WOR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WOR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: WOR is good value based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WOR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$14.58
AU$17.30
+18.7%
12.7%AU$22.00AU$13.50n/a12
Sep ’25AU$15.15
AU$17.30
+14.2%
12.7%AU$22.00AU$13.50n/a12
Aug ’25AU$15.29
AU$17.55
+14.8%
12.8%AU$22.00AU$13.50n/a12
Jul ’25AU$14.91
AU$17.49
+17.3%
13.3%AU$22.00AU$13.25n/a12
Jun ’25AU$14.70
AU$17.61
+19.8%
13.3%AU$22.00AU$13.25n/a12
May ’25AU$14.90
AU$17.67
+18.6%
13.9%AU$22.00AU$13.25n/a11
Apr ’25AU$16.64
AU$17.70
+6.3%
14.3%AU$22.00AU$13.25n/a11
Mar ’25AU$17.52
AU$17.70
+1.0%
14.3%AU$22.00AU$13.25n/a11
Feb ’25AU$14.44
AU$18.14
+25.6%
14.9%AU$22.50AU$13.25n/a10
Jan ’25AU$17.43
AU$18.53
+6.3%
16.4%AU$22.50AU$13.00n/a10
Dec ’24AU$17.01
AU$18.51
+8.8%
16.6%AU$22.50AU$13.00n/a10
Nov ’24AU$16.42
AU$18.31
+11.5%
15.7%AU$22.00AU$13.00n/a10
Oct ’24AU$17.40
AU$18.33
+5.3%
15.5%AU$22.00AU$13.00n/a10
Sep ’24AU$17.30
AU$17.53
+1.3%
16.1%AU$20.50AU$13.00AU$15.1510
Aug ’24AU$17.46
AU$16.54
-5.3%
14.2%AU$20.50AU$12.60AU$15.2910
Jul ’24AU$15.77
AU$16.16
+2.5%
13.1%AU$18.90AU$12.60AU$14.9111
Jun ’24AU$16.46
AU$15.98
-2.9%
14.3%AU$18.90AU$12.00AU$14.7010
May ’24AU$15.31
AU$15.13
-1.2%
11.7%AU$17.50AU$12.00AU$14.909
Apr ’24AU$14.38
AU$15.01
+4.4%
13.8%AU$17.50AU$11.43AU$16.6411
Mar ’24AU$15.50
AU$14.71
-5.1%
16.4%AU$17.50AU$10.70AU$17.5211
Feb ’24AU$15.48
AU$14.05
-9.2%
14.5%AU$17.00AU$10.70AU$14.4411
Jan ’24AU$15.07
AU$14.03
-6.9%
14.3%AU$17.00AU$10.70AU$17.4311
Dec ’23AU$14.77
AU$13.98
-5.3%
14.4%AU$17.00AU$10.70AU$17.0111
Nov ’23AU$14.58
AU$13.98
-4.1%
14.4%AU$17.00AU$10.70AU$16.4211
Oct ’23AU$12.73
AU$13.89
+9.1%
14.8%AU$17.00AU$10.70AU$17.4011
Sep ’23AU$14.17
AU$13.78
-2.8%
15.5%AU$17.00AU$10.04AU$17.3012

Analyst Forecast: Target price is less than 20% higher than the current share price.

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