AECOM

DB:E6Z Stock Report

Market Cap: €13.8b

AECOM Valuation

Is E6Z 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 E6Z when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: E6Z (€103) is trading below our estimate of fair value (€139.25)

Significantly Below Fair Value: E6Z is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for E6Z?

Key metric: As E6Z is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for E6Z. This is calculated by dividing E6Z's market cap by their current earnings.
What is E6Z's PE Ratio?
PE Ratio29.5x
EarningsUS$505.93m
Market CapUS$14.50b

Price to Earnings Ratio vs Peers

How does E6Z's PE Ratio compare to its peers?

The above table shows the PE ratio for E6Z vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average61.8x
HOT HOCHTIEF
12x2.9%€8.7b
NCH2 thyssenkrupp nucera KGaA
185.3x55.9%€1.1b
B5A BAUER
30.4x38.2%€166.1m
KBX Knorr-Bremse
19.5x10.8%€11.7b
E6Z AECOM
29.5x16.3%€14.5b

Price-To-Earnings vs Peers: E6Z is good value based on its Price-To-Earnings Ratio (29.5x) compared to the peer average (61.8x).

Price to Earnings Ratio vs Industry

How does E6Z's PE Ratio compare vs other companies in the European Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
E6Z 29.5xIndustry Avg. 12.9xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: E6Z is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the European Construction industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is E6Z'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.

E6Z PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.5x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: E6Z is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 E6Z forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€103.00
€112.57
+9.3%
8.0%€122.11€93.49n/a9
Nov ’25€97.50
€102.72
+5.4%
8.9%€118.57€86.15n/a9
Oct ’25€92.50
€96.04
+3.8%
6.6%€102.49€84.35n/a9
Sep ’25€89.50
€95.98
+7.2%
6.3%€102.03€83.97n/a10
Aug ’25€83.50
€94.16
+12.8%
6.7%€102.88€82.67n/a10
Jul ’25€82.00
€99.70
+21.6%
6.6%€108.29€84.02n/a10
Jun ’25€79.00
€98.44
+24.6%
6.6%€106.92€82.95n/a10
May ’25€87.50
€98.01
+12.0%
6.5%€108.90€83.55n/a10
Apr ’25€91.50
€94.67
+3.5%
5.5%€100.72€81.49n/a10
Mar ’25€82.00
€96.18
+17.3%
5.8%€102.72€83.11n/a9
Feb ’25€81.50
€92.91
+14.0%
7.7%€101.19€80.95n/a9
Jan ’25€84.00
€92.03
+9.6%
8.3%€101.11€80.89n/a8
Dec ’24€81.50
€90.95
+11.6%
7.5%€100.52€80.23n/a8
Nov ’24€72.00
€90.16
+25.2%
6.2%€96.51€80.43€97.507
Oct ’24€79.00
€90.67
+14.8%
7.0%€99.14€80.26€92.508
Sep ’24€81.00
€88.12
+8.8%
6.4%€95.67€77.44€89.5010
Aug ’24€79.00
€88.30
+11.8%
6.7%€95.76€76.61€83.5010
Jul ’24€78.00
€90.72
+16.3%
6.4%€97.98€78.38€82.0010
Jun ’24€73.00
€90.72
+24.3%
6.4%€97.98€78.38€79.0010
May ’24€74.50
€90.18
+21.0%
7.1%€96.80€75.60€87.5010
Apr ’24€76.50
€90.18
+17.9%
7.1%€96.80€75.60€91.5010
Mar ’24€81.50
€92.37
+13.3%
6.7%€98.19€76.68€82.009
Feb ’24€80.00
€85.98
+7.5%
7.1%€91.90€70.76€81.509
Jan ’24€79.50
€84.05
+5.7%
5.4%€88.72€71.91€84.009
Dec ’23€81.00
€87.35
+7.8%
5.4%€92.20€74.73€81.509
Nov ’23€76.00
€85.04
+11.9%
5.8%€92.13€74.92€72.009

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

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