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WorleyParsons

DB:WF9
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WF9
DB
A$7B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

WorleyParsons Limited provides professional services to resources and energy sectors comprising hydrocarbons, minerals, metals, chemicals, and infrastructure. The last earnings update was 96 days ago. More info.


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WF9 Share Price and Events
7 Day Returns
-7.2%
DB:WF9
-6.1%
Europe Energy Services
-2.3%
DE Market
1 Year Returns
-24.4%
DB:WF9
-26.4%
Europe Energy Services
-11.5%
DE Market
WF9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WorleyParsons (WF9) -7.2% -10.3% -14.3% -24.4% 97.9% -25.1%
Europe Energy Services -6.1% -11.3% -5.9% -26.4% -31.4% -84.8%
DE Market -2.3% -4.9% 0.8% -11.5% 5.7% 6.6%
1 Year Return vs Industry and Market
  • WF9 outperformed the Energy Services industry which returned -26.4% over the past year.
  • WF9 underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
WF9
Industry
5yr Volatility vs Market

Value

 Is WorleyParsons undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of WorleyParsons to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for WorleyParsons.

DB:WF9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WF9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.995 (1 + (1- 30%) (9.38%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.04 * 5.96%)
6.43%

Discounted Cash Flow Calculation for DB:WF9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for WorleyParsons is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:WF9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.43%)
2019 198.00 Analyst x1 186.04
2020 360.00 Analyst x3 317.83
2021 658.00 Analyst x2 545.85
2022 905.33 Est @ 37.59% 705.67
2023 1,144.15 Est @ 26.38% 837.97
2024 1,356.21 Est @ 18.53% 933.30
2025 1,533.10 Est @ 13.04% 991.31
2026 1,674.11 Est @ 9.2% 1,017.12
2027 1,783.05 Est @ 6.51% 1,017.89
2028 1,865.48 Est @ 4.62% 1,000.64
Present value of next 10 years cash flows A$7,553.62
DB:WF9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$1,865.48 × (1 + 0.23%) ÷ (6.43% – 0.23%)
A$30,162.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$30,162.45 ÷ (1 + 6.43%)10
A$16,179.05
DB:WF9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$7,553.62 + A$16,179.05
A$23,732.67
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$23,732.67 / 520.04
A$45.64
DB:WF9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WF9 represents 0.61002x of ASX:WOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61002x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 45.64 x 0.61002
€27.84
Value per share (EUR) From above. €27.84
Current discount Discount to share price of €8.10
= -1 x (€8.10 - €27.84) / €27.84
70.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price WorleyParsons is available for.
Intrinsic value
>50%
Share price is €8.1 vs Future cash flow value of €27.84
Current Discount Checks
For WorleyParsons to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • WorleyParsons's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • WorleyParsons's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for WorleyParsons's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WorleyParsons's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WF9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.48
ASX:WOR Share Price ** ASX (2019-05-24) in AUD A$13.28
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 20.72x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 20.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of WorleyParsons.

DB:WF9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:WOR Share Price ÷ EPS (both in AUD)

= 13.28 ÷ 0.48

27.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WorleyParsons is overvalued based on earnings compared to the Europe Energy Services industry average.
  • WorleyParsons is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does WorleyParsons's expected growth come at a high price?
Raw Data
DB:WF9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
49.6%per year
Europe Energy Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Energy Services Companies 1.01x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:WF9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.71x ÷ 49.6%

0.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WorleyParsons is good value based on expected growth next year.
Price based on value of assets
What value do investors place on WorleyParsons's assets?
Raw Data
DB:WF9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$11.10
ASX:WOR Share Price * ASX (2019-05-24) in AUD A$13.28
Europe Energy Services Industry PB Ratio Median Figure of 62 Publicly-Listed Energy Services Companies 0.93x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.77x
DB:WF9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:WOR Share Price ÷ Book Value per Share (both in AUD)

= 13.28 ÷ 11.10

1.2x

* Primary Listing of WorleyParsons.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WorleyParsons is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess WorleyParsons's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. WorleyParsons has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is WorleyParsons expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WorleyParsons expected to grow at an attractive rate?
  • WorleyParsons's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • WorleyParsons's earnings growth is expected to exceed the Germany market average.
  • WorleyParsons's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WF9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WF9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 49.6%
DB:WF9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 26%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WF9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WF9 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 12,352 836 1
2021-06-30 11,808 719 566 6
2020-06-30 10,867 481 410 8
2019-06-30 6,585 302 233 7
DB:WF9 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 5,059 236 143
2018-09-30 4,945 248 103
2018-06-30 4,830 260 62
2018-03-31 4,866 234 50
2017-12-31 4,901 208 37
2017-09-30 5,057 143 35
2017-06-30 5,214 79 34
2017-03-31 5,764 71 16
2016-12-31 6,315 63 -2
2016-09-30 7,045 128 11
2016-06-30 7,775 192 24
2016-03-31 8,144 205 -56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • WorleyParsons's earnings are expected to grow significantly at over 20% yearly.
  • WorleyParsons's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WF9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from WorleyParsons Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WF9 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30 1.09 1.19 0.98 5.00
2020-06-30 0.84 1.11 0.61 7.00
2019-06-30 0.48 0.66 0.36 6.00
DB:WF9 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.48
2018-09-30 0.36
2018-06-30 0.23
2018-03-31 0.19
2017-12-31 0.14
2017-09-30 0.14
2017-06-30 0.13
2017-03-31 0.06
2016-12-31 -0.01
2016-09-30 0.04
2016-06-30 0.09
2016-03-31 -0.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • WorleyParsons is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess WorleyParsons's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
WorleyParsons has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has WorleyParsons performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare WorleyParsons's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • WorleyParsons's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • WorleyParsons's 1-year earnings growth exceeds its 5-year average (283.9% vs -30.1%)
  • WorleyParsons's earnings growth has exceeded the Europe Energy Services industry average in the past year (283.9% vs -28.7%).
Earnings and Revenue History
WorleyParsons's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from WorleyParsons Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WF9 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,058.90 143.20 110.20
2018-09-30 4,944.60 102.70 110.45
2018-06-30 4,830.30 62.20 110.70
2018-03-31 4,865.75 49.75 108.35
2017-12-31 4,901.20 37.30 106.00
2017-09-30 5,057.35 35.40 101.35
2017-06-30 5,213.50 33.50 96.70
2017-03-31 5,764.10 15.75 98.80
2016-12-31 6,314.70 -2.00 100.90
2016-09-30 7,044.90 10.75 104.95
2016-06-30 7,775.10 23.50 109.00
2016-03-31 8,143.50 -56.30 105.80
2015-12-31 8,511.90 -136.10 102.60
2015-09-30 8,629.30 -95.50 103.00
2015-06-30 8,746.70 -54.90 103.40
2015-03-31 8,958.55 93.20 124.70
2014-12-31 9,170.40 241.30 146.00
2014-09-30 9,368.10 245.20 163.65
2014-06-30 9,565.80 249.10 181.30
2014-03-31 9,395.55 264.10 -928.70
2013-12-31 9,225.30 279.10 -2,038.70
2013-09-30 9,018.35 300.60 -848.00
2013-06-30 8,811.40 322.10 342.70
2013-03-31 8,651.85 339.25 2,672.05
2012-12-31 8,492.30 356.40 5,001.40
2012-09-30 7,943.05 354.80 4,803.80
2012-06-30 7,393.80 353.20 4,606.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • WorleyParsons has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • WorleyParsons used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • WorleyParsons's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess WorleyParsons's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
WorleyParsons has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is WorleyParsons's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up WorleyParsons's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WorleyParsons is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • WorleyParsons's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of WorleyParsons's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from WorleyParsons Company Filings, last reported 4 months ago.

DB:WF9 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,111.40 648.00 2,680.30
2018-09-30 5,111.40 648.00 2,680.30
2018-06-30 2,212.80 999.10 261.60
2018-03-31 2,212.80 999.10 261.60
2017-12-31 2,185.20 1,068.00 219.80
2017-09-30 2,185.20 1,068.00 219.80
2017-06-30 1,868.30 1,102.60 226.20
2017-03-31 1,868.30 1,102.60 226.20
2016-12-31 1,878.70 1,260.50 244.70
2016-09-30 1,878.70 1,260.50 244.70
2016-06-30 1,879.90 1,239.40 303.70
2016-03-31 1,879.90 1,239.40 303.70
2015-12-31 1,860.60 1,415.60 410.20
2015-09-30 1,860.60 1,415.60 410.20
2015-06-30 2,017.60 1,235.90 381.90
2015-03-31 2,017.60 1,235.90 381.90
2014-12-31 2,247.80 1,227.80 417.80
2014-09-30 2,247.80 1,227.80 417.80
2014-06-30 2,184.90 876.00 365.80
2014-03-31 2,184.90 876.00 365.80
2013-12-31 2,266.70 1,110.90 375.20
2013-09-30 2,266.70 1,110.90 375.20
2013-06-30 2,192.90 1,058.70 320.00
2013-03-31 2,192.90 1,058.70 320.00
2012-12-31 2,030.30 941.60 433.70
2012-09-30 2,030.30 941.60 433.70
2012-06-30 1,979.90 736.80 247.30
  • WorleyParsons's level of debt (12.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.9% vs 12.7% today).
  • Debt is well covered by operating cash flow (36.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.5x coverage).
X
Financial health checks
We assess WorleyParsons's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. WorleyParsons has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is WorleyParsons's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.26%
Current annual income from WorleyParsons dividends. Estimated to be 3.35% next year.
If you bought €2,000 of WorleyParsons shares you are expected to receive €45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • WorleyParsons's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • WorleyParsons's dividend is below the markets top 25% of dividend payers in Germany (3.89%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WF9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WF9 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-06-30 0.58 9.00
2020-06-30 0.49 11.00
2019-06-30 0.29 11.00
DB:WF9 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-21 0.300 2.016
2018-02-20 0.200 1.220
2017-02-20 0.000 0.000
2016-08-24 0.000 0.000
2016-08-23 0.000 0.000
2016-02-23 0.000 0.000
2015-08-25 0.560 10.884
2014-08-26 0.850 7.899
2013-08-13 0.925 5.202
2013-02-21 0.925 4.174
2012-08-29 0.910 3.613
2011-08-24 0.860 3.214
2011-02-28 0.760 2.639
2010-08-25 0.755 2.988
2010-02-18 0.905 3.780
2009-08-24 0.930 3.421

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of WorleyParsons's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess WorleyParsons's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can WorleyParsons afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WorleyParsons has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of WorleyParsons's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Wood
COMPENSATION A$3,307,000
AGE 58
TENURE AS CEO 6.6 years
CEO Bio

Mr. Andrew Wood, BENG, GDIP FIN MGMT, GDIP, FIE AUST, has been the Chief Executive Officer and Executive Director of WorleyParsons Limited since October 23, 2012. Mr. Wood served as the Chief Financial Officer and Group Managing Director of Finance at WorleyParsons Limited since May 2011. He served as the Managing Director of Australia & New Zealand at Worley Parsons Ltd., and served as its Managing Director of Mergers and Acquisitions. He served as Managing Director of Worley Parsons Ltd. and served as its Head of Organisational Development and International Locations. Mr. Wood was responsible for Worley's expansion into Thailand and the Middle East. He has over 21 years' experience in the oil and gas industry and is responsible for Worley Group Limited 's international locations. He serves as an Executive Director of Worley Parsons Ltd. Mr. Wood holds a Bachelor of Engineering and graduate diplomas in Financial Management and Labour Management Relations. Mr. Wood is also a Registered Engineer with the Institution of Engineers, Australia.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andrew's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the WorleyParsons management team in years:

2.4
Average Tenure
  • The tenure for the WorleyParsons management team is about average.
Management Team

Andrew Wood

TITLE
CEO & Executive Director
COMPENSATION
A$3M
AGE
58
TENURE
6.6 yrs

Tom Honan

TITLE
Group MD of Finance & CFO
COMPENSATION
A$2M
TENURE
3.4 yrs

Chris Ashton

TITLE
Chief Operating Officer
COMPENSATION
A$1M

Adrian Smith

TITLE
Group Managing Director of Advisian
COMPENSATION
A$628K
TENURE
1.6 yrs

Mark Trueman

TITLE
Director of Planning & Investor Relations

Marian McLean

TITLE
Group Managing Director of People & Assurance
TENURE
2.4 yrs

Brian Evans

TITLE
Managing Director of Hydrocarbons

Denis Lucey

TITLE
Regional Managing Director of Services - APAC
COMPENSATION
A$557K
TENURE
3.3 yrs

Alan Gordon

TITLE
Regional Managing Director of Services - Europe
TENURE
2.4 yrs

Krish Iyer

TITLE
Regional Managing Director of Services - Middle East & Africa
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the WorleyParsons board of directors in years:

3.8
Average Tenure
58
Average Age
  • The tenure for the WorleyParsons board of directors is about average.
Board of Directors

John Grill

TITLE
Chairman
TENURE
6.2 yrs

Andrew Wood

TITLE
CEO & Executive Director
COMPENSATION
A$3M
AGE
58
TENURE
6.6 yrs

Chris Haynes

TITLE
Non-Executive Director
COMPENSATION
A$270K
AGE
71
TENURE
7.3 yrs

Anne Templeman-Jones

TITLE
Non Executive Director
COMPENSATION
A$164K
AGE
56
TENURE
1.5 yrs

Tom Gorman

TITLE
Non-Executive Director
COMPENSATION
A$146K
AGE
58
TENURE
1.4 yrs

Catherine Livingstone

TITLE
Non Executive Director
COMPENSATION
A$243K
AGE
62
TENURE
11.8 yrs

Xiao Bin Wang

TITLE
Non-Executive Director
COMPENSATION
A$250K
AGE
46
TENURE
7.4 yrs

Andrew Liveris

TITLE
Non-Executive Director
AGE
63
TENURE
0.7 yrs

Sharon Warburton

TITLE
Non Executive Independent Director
AGE
48
TENURE
0.3 yrs

Roger Higgins

TITLE
Non-Executive Independent Director
AGE
67
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. May 19 Sell T. Rowe Price Group, Inc. Company 01. Mar 19 29. Apr 19 -431,407 €9.45 €-4,073,928
01. May 19 Buy T. Rowe Price Group, Inc. Company 15. Feb 19 01. Apr 19 757,662 €9.65 €7,312,380
30. Apr 19 Sell Dar Al-Handasah Consultants Shair and Partners Holdings Limited Company 11. Feb 19 11. Feb 19 -104,973,977 €8.86 €-930,134,127
30. Apr 19 Buy Sigma Asset Management (Guernsey) Limited Company 11. Feb 19 11. Feb 19 104,973,977 €8.86 €930,134,127
17. Feb 19 Buy T. Rowe Price Group, Inc. Company 26. Oct 18 14. Feb 19 1,780,687 €9.66 €17,202,874
31. Jan 19 Sell BlackRock, Inc. Company 28. Dec 18 30. Jan 19 -1,922,587 €8.88 €-441,295
31. Jan 19 Buy BlackRock, Inc. Company 28. Dec 18 30. Jan 19 1,800,222 €8.86 €3,480
30. Dec 18 Buy BlackRock, Inc. Company 24. Dec 18 27. Dec 18 189,634 €7.02 €1,328,901
26. Dec 18 Sell BlackRock, Inc. Company 20. Dec 18 21. Dec 18 -233,827 €6.91 €-1,390,785
26. Dec 18 Buy BlackRock, Inc. Company 20. Dec 18 21. Dec 18 161,244 €6.96 €516,986
20. Dec 18 Buy BlackRock, Inc. Company 19. Dec 18 19. Dec 18 94,355 €7.24 €674,149
19. Dec 18 Sell BlackRock, Inc. Company 14. Dec 18 18. Dec 18 -307,182 €7.94 €-215,543
19. Dec 18 Buy BlackRock, Inc. Company 13. Dec 18 18. Dec 18 152,326 €7.99 €573,553
13. Dec 18 Buy BlackRock, Inc. Company 05. Dec 18 12. Dec 18 592,792 €8.64 €1,587,129
05. Dec 18 Sell BlackRock, Inc. Company 03. Dec 18 04. Dec 18 -403,759 €9.00 €-665,259
05. Dec 18 Buy BlackRock, Inc. Company 03. Dec 18 04. Dec 18 132,892 €9.12 €155,149
03. Dec 18 Buy BlackRock, Inc. Company 01. Aug 18 30. Nov 18 14,856,784 €13.54 €7,158
26. Nov 18 Buy Mutual Trust Pty Ltd, Asset Management Arm Company 20. Nov 18 20. Nov 18 6,870 €9.18 €63,101
21. Nov 18 Buy Andrew Wood Individual 15. Nov 18 15. Nov 18 32,287 €9.99 €322,412
21. Nov 18 Buy Christopher Haynes Individual 15. Nov 18 15. Nov 18 5,783 €9.99 €57,748
21. Nov 18 Buy Thomas Gorman Individual 15. Nov 18 15. Nov 18 9,184 €9.99 €91,710
21. Nov 18 Buy Anne Templeman-Jones Individual 15. Nov 18 15. Nov 18 1,531 €9.99 €15,288
21. Nov 18 Buy Catherine Livingstone Individual 15. Nov 18 15. Nov 18 9,731 €9.99 €97,172
19. Nov 18 Buy Dar Al-Handasah Consultants Shair and Partners Holdings Limited Company 15. Nov 18 15. Nov 18 30,610,126 €9.99 €305,667,521
08. Nov 18 Buy Anne Templeman-Jones Individual 05. Nov 18 05. Nov 18 1,500 €9.08 €13,611
01. Nov 18 Buy John Grill Individual 31. Oct 18 31. Oct 18 6,426,736 €9.74 €62,566,394
01. Nov 18 Buy Dar Al-Handasah Consultants Shair and Partners Holdings Limited Company 06. Aug 18 31. Oct 18 18,174,704 €12.22 €178,090,483
01. Nov 18 Sell Sigma Asset Management (Guernsey) Limited Company 06. Aug 18 06. Aug 18 -121,400 €11.95 €-1,451,294
28. Oct 18 Sell T. Rowe Price Group, Inc. Company 10. Jan 18 18. Oct 18 -4,718,886 €12.73 €0
28. Oct 18 Buy T. Rowe Price Group, Inc. Company 10. Jan 18 24. Oct 18 9,264,339 €12.85 €0
31. Jul 18 Buy Sigma Asset Management (Guernsey) Limited Company 18. Jun 18 18. Jul 18 121,440 €11.00 €1,290,493
31. Jul 18 Buy Dar Al-Handasah Consultants Shair and Partners Holdings Limited Company 31. Jul 18 31. Jul 18 8,050,000 €11.68 €93,993,732
X
Management checks
We assess WorleyParsons's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. WorleyParsons has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

WorleyParsons Limited provides professional services to resources and energy sectors comprising hydrocarbons, minerals, metals, chemicals, and infrastructure. It operates through Advisian, Major Projects and Integrated Solutions, and Services segments. The company provides engineering design and project delivery services, including maintenance, reliability support, and advisory services. WorleyParsons Limited offers engineering and project management services to full lifecycle asset management in offshore environment; consulting and advisory services to oil and gas field development, production assurance, subsea, and topsides; engineering design and data management systems; and supply chain and logistics management services for small and large projects. It also provides construction management services; and module fabrication and field construction for conventional oil and gas facilities, oil sands and heavy oil facilities, pipeline terminals, pipeline pump and compressor stations, petrochemical plants, and thermal power facilities. In addition, the company offers dimensional control, laser scanning, and lean engineering services; and develops data collation, integrity, and remediation platforms, as well as sensor integration and machine learning, and global marketplace procurement platforms. WorleyParsons Limited was founded in 1971 and is based in North Sydney, Australia.

Details
Name: WorleyParsons Limited
WF9
Exchange: DB
Founded: 1971
A$4,261,453,743
520,038,794
Website: http://www.worleyparsons.com
Address: WorleyParsons Limited
141 Walker Street,
Level 15,
North Sydney,
New South Wales, 2060,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WOR Ordinary Shares Australian Securities Exchange AU AUD 28. Nov 2002
OTCPK WYGP.F Ordinary Shares Pink Sheets LLC US USD 28. Nov 2002
DB WF9 Ordinary Shares Deutsche Boerse AG DE EUR 28. Nov 2002
CHIA WOR Ordinary Shares Chi-X Australia AU AUD 28. Nov 2002
OTCPK WYGP.Y ADR Pink Sheets LLC US USD 20. Nov 2008
Number of employees
Current staff
Staff numbers
26,050
WorleyParsons employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 21:21
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.