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Last C$13.46 CAD
Change Today +0.35 / 2.67%
Volume 368.7K
As of 4:00 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

aecon group inc (ARE) Snapshot

Open
C$13.19
Previous Close
C$13.11
Day High
C$13.57
Day Low
C$13.18
52 Week High
05/6/14 - C$18.72
52 Week Low
12/16/14 - C$9.51
Market Cap
759.8M
Average Volume 10 Days
437.2K
EPS TTM
C$0.26
Shares Outstanding
56.4M
EX-Date
03/18/15
P/E TM
52.7x
Dividend
C$0.40
Dividend Yield
2.75%
Current Stock Chart for AECON GROUP INC (ARE)

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aecon group inc (ARE) Details

Aecon Group Inc. provides construction and infrastructure development services to private and public sectors in Canada and internationally. The company’s Infrastructure segment constructs roads and bridges, and rail and transit systems; and is involved in municipal construction, material engineering and design, asphalt production and aggregates, and commercial site design. This segment also constructs hydroelectric, tunnels, foundations, airports, marine, and civil transportation infrastructure projects; and transit stations, industrial site buildings, tenant improvements, interior fit-up programs, mechanical systems, rooftop energy systems, and water treatment facilities. Its Energy segment constructs steam assisted gravity drainage, turn-key well pad and field facilities, and liquefied natural gas plants; nuclear, thermal and hydro, natural gas, and renewable power plants; and pipeline construction and integrity programs, telecom infrastructure, power distribution networks, water and sewer, locate services, district energy, utility design, and high voltage transmission projects. This segment is also involved in pipe fabrication, custom steel, and modularization services. The company’s Mining segment engages in the mine site development, including overburden removal and piling services; environmental reclamation services; ore storage and management; heavy mechanical works; process installations; and fabrication services for mine site installations. Its Concessions segment develops, finances, constructs, and operates infrastructure projects by way of build-operate-transfer, build-own-operate-transfer, other public private partnership contract structures, and private finance solutions. The company was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.

10,000 Employees
Last Reported Date: 03/4/15
Founded in 1877

aecon group inc (ARE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$572.0K
Executive Chairman
Total Annual Compensation: C$714.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$450.0K
Executive Vice President of Legal & Commercia...
Total Annual Compensation: C$315.2K
Compensation as of Fiscal Year 2013.

aecon group inc (ARE) Key Developments

Aecon Group Inc. Wins $109 Million Contract by North West Redwater Partnership

Aecon Group Inc. announced that it has been awarded a $109 million contract by North West Redwater Partnership (NWR) for additional work related to their Sturgeon Refinery Project in Alberta. Under the contract, Aecon's Energy segment will perform site erection work at the NWR Sturgeon Refinery including structural preassembly of modules, modular to modular interconnects, as well as installation of mechanical equipment and instrumentation. Work is expected to start in the second quarter of 2015 and expected to be complete in the third quarter of 2016.

Aecon Group Inc. Wins $110 Million in Mining Contracts

Aecon Group Inc. announced that it has been awarded two contracts valued at approximately $110 million for work in Aecon's Mining segment. Aecon has been awarded a contract by K+S Potash Canada for additional work on their Legacy mining project in Saskatchewan. The scope of work awarded includes installation of process mechanical equipment, piping, electrical and instrumentation systems for the storage load-out building. Work will begin in the second quarter of 2015 and is expected to be complete in the second quarter of 2016. This new contract is in addition to work previously awarded to Aecon by K+S Potash Canada for mechanical, piping, electrical and instrumentation systems for the North Tank Farm and for the Evaporator, Crystallization and Clarifier Plant portion of the Legacy project. Under the terms of the second contract, Aecon will perform general site services at Vale Newfoundland & Labrador Limited'sLong Harbour processing plant. Work commenced in the first quarter of 2015 and is expected to be complete in the first quarter of 2016.

Aecon Group Wins $93 Million in Energy Backlog Plus $85 Million in Annual Recurring Revenue

Aecon Group Inc. announced that it has been awarded contracts by five key clients for work in Aecon's Energy segment in Ontario. The value of work is approximately $93 million in hard backlog and approximately $85 million in annual recurring revenue. Under the first agreement, Enbridge Gas Distribution awarded Aecon a significant pipeline facilities project for work at 11 Enbridge sites, valued at approximately $40 million. Work has begun and is expected to be complete in the third quarter of 2015. Under the terms of the second contract, valued at $53 million, Aecon's scope of work includes the construction of a new compressor station at Union Gas' Lobo Facility located northwest of London, Ontario. Work is expected to start in the second quarter of 2015 and is scheduled to be complete by the fourth quarter of 2016. Additionally, Aecon has signed three Master Service Agreements (MSAs) with key clients in the power sector: A 13-year MSA valued at approximately $25 million annually for engineering, procurement and construction services; A four-year MSA valued at approximately $30 million annually for the design and construction of underground and overhead hydro installations and replacements; and A three-year MSA valued at approximately $30 million annually for construction outage services, plant modification and EPC capital projects.

 

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Industry Analysis

ARE

Industry Average

Valuation ARE Industry Range
Price/Earnings 23.2x
Price/Sales 0.3x
Price/Book 1.1x
Price/Cash Flow 7.8x
TEV/Sales 0.1x
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