Stantec Inc.

TSX:STN Stock Report

Market Cap: CA$13.1b

Stantec Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 STN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STN (CA$113.86) is trading below our estimate of fair value (CA$118.79)

Significantly Below Fair Value: STN is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As STN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for STN. This is calculated by dividing STN's market cap by their current earnings.
What is STN's PE Ratio?
PE Ratio37.2x
EarningsCA$348.70m
Market CapCA$13.10b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.9x
ATRL AtkinsRéalis Group
40.8x27.4%CA$13.0b
WSP WSP Global
50.6x24.6%CA$32.3b
BDT Bird Construction
15.8x27.2%CA$1.4b
BDGI Badger Infrastructure Solutions
20.5x37.8%CA$1.2b
STN Stantec
37.2x23.2%CA$13.1b

Price-To-Earnings vs Peers: STN is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the peer average (31.9x).

Price to Earnings Ratio vs Industry

How does STN's PE Ratio compare vs other companies in the North American Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STN 37.2xIndustry Avg. 31.2xNo. of Companies8PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: STN is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the North American Construction industry average (31x).

Price to Earnings Ratio vs Fair Ratio

What is STN'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.

STN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.2x
Fair PE Ratio28.3x

Price-To-Earnings vs Fair Ratio: STN is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the estimated Fair Price-To-Earnings Ratio (28.3x).

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 STN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$113.86
CA$133.83
+17.5%
5.1%CA$145.00CA$120.00n/a12
Dec ’25CA$121.27
CA$131.54
+8.5%
5.5%CA$145.00CA$120.00n/a12
Nov ’25CA$113.77
CA$129.67
+14.0%
6.5%CA$145.00CA$120.00n/a12
Oct ’25CA$108.64
CA$126.00
+16.0%
4.2%CA$137.00CA$120.00n/a10
Sep ’25CA$110.37
CA$126.00
+14.2%
4.2%CA$137.00CA$120.00n/a10
Aug ’25CA$121.37
CA$126.80
+4.5%
4.0%CA$138.00CA$120.00n/a10
Jul ’25CA$114.53
CA$125.70
+9.8%
2.7%CA$130.00CA$120.00n/a10
Jun ’25CA$110.00
CA$125.70
+14.3%
2.7%CA$130.00CA$120.00n/a10
May ’25CA$110.66
CA$124.36
+12.4%
3.2%CA$132.00CA$120.00n/a11
Apr ’25CA$111.59
CA$124.00
+11.1%
3.0%CA$130.00CA$119.00n/a11
Mar ’25CA$110.78
CA$123.55
+11.5%
2.7%CA$130.00CA$119.00n/a11
Feb ’25CA$109.85
CA$117.00
+6.5%
3.7%CA$125.00CA$110.00n/a11
Jan ’25CA$106.38
CA$115.27
+8.4%
4.6%CA$125.00CA$104.00n/a11
Dec ’24CA$101.89
CA$107.45
+5.5%
5.4%CA$115.00CA$97.00CA$121.2711
Nov ’24CA$85.82
CA$98.64
+14.9%
4.9%CA$105.00CA$90.00CA$113.7711
Oct ’24CA$88.13
CA$97.55
+10.7%
4.5%CA$105.00CA$90.00CA$108.6411
Sep ’24CA$90.85
CA$96.70
+6.4%
4.0%CA$105.00CA$90.00CA$110.3710
Aug ’24CA$89.33
CA$92.40
+3.4%
4.4%CA$100.00CA$85.00CA$121.3710
Jul ’24CA$86.49
CA$89.80
+3.8%
2.9%CA$93.00CA$85.00CA$114.5310
Jun ’24CA$79.00
CA$89.10
+12.8%
2.9%CA$93.00CA$85.00CA$110.0010
May ’24CA$81.81
CA$87.30
+6.7%
3.0%CA$93.00CA$84.00CA$110.6610
Apr ’24CA$79.01
CA$87.10
+10.2%
3.0%CA$93.00CA$84.00CA$111.5910
Mar ’24CA$78.96
CA$87.10
+10.3%
3.0%CA$93.00CA$84.00CA$110.7810
Feb ’24CA$70.42
CA$78.00
+10.8%
6.0%CA$90.00CA$71.00CA$109.8510
Jan ’24CA$64.88
CA$76.91
+18.5%
3.7%CA$80.00CA$71.00CA$106.3811
Dec ’23CA$66.50
CA$76.91
+15.7%
3.7%CA$80.00CA$71.00CA$101.8911

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 09:50
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Stantec Inc. is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian PowAcumen Capital Finance Partners Limited
Christopher MurrayATB Capital Markets
null nullBMO Capital Markets Equity Research