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SNC-Lavalin Group Inc SNC

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Morningstar’s Analysis

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After Derisking Its Portfolio, SNC-Lavalin Turns Focus to Growth; Raising FVE

Analyst Note

| Krzysztof Smalec, CFA |

No-moat-rated SNC-Lavalin hosted an investor day to discuss its strategy to deliver profitable growth through 2024. Since CEO Ian Edwards took the helm in 2019, the firm has focused primarily on simplifying and derisking its portfolio but will now turn its attention toward growth. After reviewing our valuation assumptions, we’ve raised our fair value estimate for SNC-Lavalin to CAD 38 from CAD 35.50, mostly due to more optimistic revenue growth projections.

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Company Profile

Business Description

Based in Montreal, SNC-Lavalin is a fully integrated professional services and project management firm that offers a wide range of services, including financing, consulting, engineering and construction, procurement, and operations and maintenance. The firm serves clients in the resources, infrastructure, nuclear, and engineering design and project management industries. Additionally, the company owns infrastructure projects through its capital segment. SNC-Lavalin generated approximately CAD 7 billion in sales in 2020.

455 Rene-Levesque Boulevard West
Montreal, QC, H2Z 1Z3, Canada
T +1 514 393-1000
Sector Industrials
Industry Engineering & Construction
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type
Employees 37,584