AtkinsRéalis (TSX:ATRL): Evaluating Valuation After Securing Major Bowmanville Power Project Mandate

AtkinsRéalis Group (TSX:ATRL) has secured a multi-year Owner's Engineer role for Hydro One's Bowmanville Switching Station expansion. This highlights its growing footprint in Canadian power and renewables infrastructure. This project advances Ontario's nuclear and grid development goals.

See our latest analysis for AtkinsRéalis Group.

The expansion project win is the latest in a busy streak for AtkinsRéalis Group, following recent global conference presentations and continued involvement in major power and renewables initiatives. The stock’s 23% year-to-date share price return and 24% total shareholder return over the past year reflect both momentum from new mandates and growing confidence in the company’s long-term positioning.

If you’re drawn to companies making big moves in infrastructure and clean energy, it might be the right time to discover fast growing stocks with high insider ownership.

With shares up more than 20% year-to-date and recent contracts adding to its momentum, the key question now is whether AtkinsRéalis Group remains undervalued or if the market has already priced in the company’s future growth potential.

Most Popular Narrative: 19.1% Undervalued

Compared to AtkinsRéalis Group’s last close at CA$92.22, the most widely followed narrative sees fair value at CA$113.96. This notable gap points to overlooked upside. Behind this target, the narrative weaves several catalysts and future growth assumptions that could define the next phase for shareholders.

"Record backlog growth, especially in Nuclear (backlog up 223% YoY to $5.6B), reflects surging demand as global energy transition and decarbonization accelerate; this large contracted pipeline is likely to drive sustained revenue and EBITDA growth for several years."

Read the complete narrative.

Want to see what’s fueling this double-digit discount? Analysts are banking on a massive revenue surge, shifting earnings, and a profit multiple that could shatter industry norms. The narrative’s ingredients will surprise investors who only look at headline numbers. Find out which financial levers are in play and what’s required for the stock to hit this ambitious target.

Result: Fair Value of $113.96 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, slower-than-expected revenue growth in key regions or challenges integrating new acquisitions could quickly change analysts’ current outlook and share price momentum.

Find out about the key risks to this AtkinsRéalis Group narrative.

Build Your Own AtkinsRéalis Group Narrative

If you think there’s more to the story or prefer to dig into the numbers yourself, you can explore all the data and shape your own perspective in just a few minutes, your way. Do it your way.

A great starting point for your AtkinsRéalis Group research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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