AECOM Stock Research

Market Summary

USD85.95-0.80

Market Closed

-0.92%

ACM Alerts

2 major insider sales recently.

ACM Stock Price

ACM RSI Chart

ACM Valuation

Market Cap

11.9B

Price/Earnings (Trailing)

38.45

Price/Sales (Trailing)

0.91

EV/EBITDA

21.14

Price/Free Cashflow

20.71

ACM Price/Sales (Trailing)

ACM Profitability

Operating Margin

6.45%

EBT Margin

4.19%

Return on Equity

12.54%

Return on Assets

2.79%

Free Cashflow Yield

4.83%

ACM Fundamentals

ACM Revenue

Revenue (TTM)

13.1B

Revenue Y/Y

2.16%

Revenue Q/Q

5.69%

ACM Earnings

Earnings (TTM)

310.6M

Earnings Y/Y

9.77%

Earnings Q/Q

3.63%

Price Action

52 Week Range

60.7488.42

(Low)(High)

Last 7 days

-0.9%

Last 30 days

2.1%

Last 90 days

13.7%

Trailing 12 Months

28.8%

ACM Financial Health

Current Ratio

1.08

Debt/Equity

0.87

Debt/Cashflow

0.33

ACM Investor Care

Buy Backs (1Y)

2.96%

Diluted EPS (TTM)

2.19

Peers (Alternatives to AECOM)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PWR	21.4B	16.6B	6.20%	54.81%	48.52	1.29	38.53%	-20.33%
TDY	19.8B	5.4B	8.10%	6.27%	27.34	3.65	33.80%	74.21%
J	15.7B	14.9B	6.71%	-10.45%	24.43	1.05	5.89%	35.01%
ACM	11.9B	13.1B	2.13%	28.78%	38.45	0.91	-1.44%	79.33%
WSC	10.1B	2.3B	6.88%	34.50%	30.89	4.41	28.51%	264.60%
ALLE	10.0B	3.1B	9.55%	-4.43%	23.04	3.22	8.11%	-6.06%
MID-CAP
MTZ	7.1B	8.6B	16.63%	15.53%	66.91	0.83	10.28%	-70.77%
EME	7.0B	10.8B	-0.69%	26.89%	18.31	0.65	12.80%	5.49%
FLR	5.3B	13.2B	7.96%	81.12%	-37.18	0.4	-4.43%	55.86%
NVEE	2.1B	785.5M	1.39%	31.46%	35.84	2.62	15.63%	58.36%
SMALL-CAP
GVA	1.8B	3.0B	19.05%	18.19%	28.18	0.6	-8.64%	105.60%
SPCE	1.6B	1.6M	71.99%	-28.27%	-3.64	989.45	-62.30%	-14.45%
BBCP	452.8M	374.2M	40.35%	1.78%	19.21	1.21	21.78%	211.45%
LMB	130.3M	480.1M	17.09%	46.71%	17.92	0.27	-2.80%	157.49%

Financials for AECOM

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	0.6%	13,148	13,076	13,243	13,294	13,341
Gross Profit	0.0%	848	848	829	814	798
S&GA Expenses	-2.3%	147	151	154	153	155
EBITDA	-1.0%	611	617	359	-	-
EBITDA Margin	-1.5%	0.05*	0.05*	0.03*	-	-
Earnings Before Taxes	0.8%	551	546	403	440	409
EBT Margin	0.2%	0.04*	0.04*	0.03*	-	-
Interest Expenses	-7.1%	-110.20	-102.90	-224.50	-233.10	-238.40
Net Income	3.1%	311	301	211	209	173
Net Income Margin	2.6%	0.02*	0.02*	0.02*	-	-
Free Cahsflow	-7.3%	577	622	734	-	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-1.0%	11,139	11,248	11,196	11,443	11,734
Current Assets	0.5%	5,823	5,796	5,697	5,930	6,174
Cash Equivalents	16.0%	1,172	1,011	965	1,082	1,229
Net PPE	-5.8%	428	454	392	401	399
Goodwill	-1.6%	3,381	3,436	3,491	3,498	3,502
Liabilities	-1.6%	8,534	8,671	8,546	8,817	8,904
Current Liabilities	-1.1%	5,404	5,465	5,283	5,513	5,522
. Short Term Borrowings	117.9%	5	2	3	7	4
Long Term Debt	-0.3%	2,157	2,162	2,166	2,158	2,158
Shareholder's Equity	1.0%	2,477	2,451	2,650	2,626	2,712
Retained Earnings	4.0%	-701.65	-731.26	-706.78	-676.90	-504.13
Additional Paid-In Capital	0.4%	4,157	4,139	4,101	4,085	4,116
Shares Outstanding	-1.2%	139	141	141	142	143
Minority Interest	1.5%	129	127	118	116	117

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-0.4%	714	716	832	892	705
Share Based Compensation	7.0%	38	36	42	39	45
Cashflow From Investing	-24.2%	-175.03	-140.97	-152.49	-328.39	-421.09
Cashflow From Financing	4.1%	-588.32	-613.50	-660.75	-691.97	-872.53
Dividend Payments	-25.2%	63	85	42	-	-
Buy Backs	-11.6%	473	535	588	661	867

Risks for ACM

What is the probability of a big loss on ACM?

60%

Probability that AECOM stock will be more than 20% underwater in next one year

24.2%

Probability that AECOM stock will be more than 30% underwater in next one year.

19.2%

Probability that AECOM stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ACM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AECOM was unfortunately bought at previous high price.

Drawdowns

Returns for ACM

Cumulative Returns on ACM

12.8%

10-Year Cumulative Returns

17.8%

7-Year Cumulative Returns

16.9%

5-Year Cumulative Returns

20.5%

3-Year Cumulative Returns

What are the long-term rolling returns for ACM?

FIve years rolling returns for AECOM.

Annualized Returns

Which funds bought or sold ACM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	State of Tennessee, Treasury Department	added	7.78	1,034,000	8,993,000	0.04%
2023-01-26	Jackson, Grant Investment Advisers, Inc.	unchanged	-	8,361	41,361	0.02%
2023-01-26	NJ State Employees Deferred Compensation Plan	reduced	-43.53	-201,176	473,824	0.08%
2023-01-26	COMERICA BANK	reduced	-1.54	838,000	5,351,000	0.04%
2023-01-26	CENTRAL TRUST Co	reduced	-1.14	41,497	221,497	0.01%
2023-01-26	YorkBridge Wealth Partners, LLC	sold off	-100	-311,000	-	-%
2023-01-26	DUPONT CAPITAL MANAGEMENT CORP	reduced	-26.42	-77,519	823,481	0.04%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	unchanged	-	675,870	3,463,870	0.04%
2023-01-26	Supplemental Annuity Collective Trust of NJ	unchanged	-	82,650	424,650	0.18%
2023-01-26	STRS OHIO	reduced	-8.67	5,007,000	42,245,000	0.19%

Latest Funds Activity

Are funds buying ACM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ACM

No. of Funds

ACM Alerts

2 major insider sales recently.

AECOM News

Schedule 13G FIlings of AECOM

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2022	alliancebernstein l.p.	5.3%	7,498,373	SC 13G/A
Feb 10, 2022	primecap management co/ca/	14.38%	20,450,396	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	vanguard group inc	9.19%	13,061,870	SC 13G/A
Feb 01, 2022	blackrock inc.	8.3%	11,755,219	SC 13G/A
Feb 12, 2021	primecap management co/ca/	14.69%	22,154,479	SC 13G/A
Feb 10, 2021	vanguard group inc	8.88%	13,387,327	SC 13G/A
Feb 08, 2021	alliancebernstein l.p.	5.1%	7,657,209	SC 13G
Feb 08, 2021	fmr llc	-	0	SC 13G/A
Jan 29, 2021	blackrock inc.	8.2%	12,312,918	SC 13G/A

ACM Fair Value

AECOM fair value in different scenarios

The table shows the Fair Value estimates for AECOM for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	9.79 -88.61%	13.75 -84.00%	17.29 -79.88%	27.39 -68.13%	42.21 -50.89%
Current Inflation	9.43 -89.03%	13.08 -84.78%	16.25 -81.09%	24.47 -71.53%	37.11 -56.82%
Very High Inflation	8.96 -89.58%	12.22 -85.78%	14.95 -82.61%	21.05 -75.51%	31.21 -63.69%

Fair Value

Very Pessimistic

Pessimistic

Base Case

Optimistic

Very Optimistic

Very Low Inflation

9.79

-88.61%

13.75

-84.00%

17.29

-79.88%

27.39

-68.13%

42.21

-50.89%

Current Inflation

9.43

-89.03%

13.08

-84.78%

16.25

-81.09%

24.47

-71.53%

37.11

-56.82%

Very High Inflation

8.96

-89.58%

12.22

-85.78%

14.95

-82.61%

21.05

-75.51%

31.21

-63.69%

Historical AECOM Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of AECOM

View All Filings

Date Filed	Form Type	Document
Jan 11, 2023	4	Insider Trading
Jan 09, 2023	4	Insider Trading
Dec 19, 2022	4	Insider Trading
Dec 19, 2022	4	Insider Trading
Dec 19, 2022	4	Insider Trading
Dec 19, 2022	4	Insider Trading
Dec 19, 2022	4	Insider Trading
Dec 19, 2022	4	Insider Trading
Nov 23, 2022	8-K	Current Report
Nov 17, 2022	10-K	Annual Report

Latest Insider Trading transactions for ACM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-09	Poloni Lara	sold	-539,986	83.1004	-6,498	president
2023-01-05	Battley Todd	sold	-235,088	83.96	-2,800	chief strategy officer
2022-12-16	Gan David Y.	sold (taxes)	-1,112,020	82.77	-13,435	chief legal officer
2022-12-16	Gan David Y.	acquired	-	-	19,508	chief legal officer
2022-12-16	Adams Shirley A	sold (taxes)	-271,155	82.77	-3,276	chief human resources officer
2022-12-16	Poloni Lara	sold (taxes)	-2,864,500	82.77	-34,608	president
2022-12-16	Adams Shirley A	acquired	-	-	4,646	chief human resources officer
2022-12-16	Kapoor Gaurav	acquired	-	-	13,936	chief financial officer (pao)
2022-12-16	Poloni Lara	acquired	-	-	57,870	president
2022-12-16	Battley Todd	acquired	-	-	2,323	chief strategy officer

About AECOM

W. Troy Rudd

www.aecom.com

51000

AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients. It also invests in and develops real estate projects. In addition, the company provides construction services, including building construction and energy, and infrastructure and industrial construction. It serves transportation, water, government, facilities, environmental, and energy sectors. The company was formerly known as AECOM Technology Corporation and changed its name to AECOM in January 2015. AECOM was incorporated in 1980 and is headquartered Dallas, Texas.

ACM Income Statement

2022-09-30

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Consolidated Statements of Operations
Revenue	$ 13,148,182	$ 13,340,852	$ 13,239,976
Cost of revenue	12,300,208	12,542,431	12,530,416
Gross profit	847,974	798,421	709,560
Equity in earnings of joint ventures	53,640	35,044	48,781
General and administrative expenses	(147,309)	(155,072)	(188,535)
Restructuring costs	(107,501)	(48,840)	(188,345)
Income from operations	646,804	629,553	381,461
Other income	14,152	17,603	11,056
Interest expense	(110,274)	(238,352)	(159,914)
Income from continuing operations before taxes	550,682	408,804	232,603
Income tax expense for continuing operations	136,051	89,011	45,753
Net income from continuing operations	414,631	319,793	186,850
Net loss from discontinued operations	(79,929)	(116,813)	(340,591)
Net income (loss)	334,702	202,980	(153,741)
Net income attributable to noncontrolling interests from continuing operations	(25,521)	(25,109)	(16,398)
Net income (loss) attributable to noncontrolling interests from discontinued operations	1,430	(4,686)	(16,231)
Net income attributable to noncontrolling interests	(24,091)	(29,795)	(32,629)
Net income attributable to AECOM from continuing operations	389,110	294,684	170,452
Net loss attributable to AECOM from discontinued operations	(78,499)	(121,499)	(356,822)
Net income (loss) attributable to AECOM	$ 310,611	$ 173,185	$ (186,370)
Net income (loss) attributable to AECOM per share:
Basic continuing operations per share	$ 2.76	$ 2.00	$ 1.07
Basic discontinued operations per share	(0.55)	(0.82)	(2.24)
Basic earnings per share	2.21	1.18	(1.17)
Diluted continuing operations per share	2.73	1.97	1.06
Diluted discontinued operations per share	(0.55)	(0.81)	(2.22)
Diluted earnings per share	$ 2.18	$ 1.16	$ (1.16)
Weighted average shares outstanding:
Basic	140,768	147,279	159,005
Diluted	142,696	149,676	161,292

ACM Balance Sheet

2022-09-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 972,661	$ 1,120,790
Cash in consolidated joint ventures	199,548	108,406
Total cash and cash equivalents	1,172,209	1,229,196
Accounts receivable-net	2,317,812	2,619,491
Contract assets	1,405,299	1,369,031
Prepaid expenses and other current assets	759,402	739,044
Current assets held for sale	79,000	139,426
Income taxes receivable	89,088	77,355
TOTAL CURRENT ASSETS	5,822,810	6,173,543
PROPERTY AND EQUIPMENT-NET	428,239	398,876
DEFERRED TAX ASSETS-NET	284,154	360,260
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES	354,983	328,906
GOODWILL	3,380,761	3,502,499
INTANGIBLE ASSETS-NET	35,552	54,867
OTHER NON-CURRENT ASSETS	293,043	307,927
OPERATING LEASE RIGHT-OF-USE ASSETS	539,773	607,076
TOTAL ASSETS	11,139,315	11,733,954
CURRENT LIABILITIES:
Short-term debt	5,032	4,369
Accounts payable	2,027,314	2,090,479
Accrued expenses and other current liabilities	2,181,408	2,174,201
Income taxes payable	46,336	50,511
Contract liabilities	1,051,258	1,058,643
Current liabilities held for sale	49,249	94,043
Current portion of long-term debt	43,574	49,469
TOTAL CURRENT LIABILITIES	5,404,171	5,521,715
OTHER LONG-TERM LIABILITIES	135,795	145,444
OPERATING LEASE LIABILITIES, NON-CURRENT	595,308	679,059
LONG-TERM LIABILITIES HELD FOR SALE	200	11,095
DEFERRED TAX LIABILITY-NET	9,224	5,420
PENSION BENEFIT OBLIGATIONS	232,552	383,904
LONG-TERM DEBT	2,156,686	2,157,740
TOTAL LIABILITIES	8,533,936	8,904,377
COMMITMENTS AND CONTINGENCIES
AECOM STOCKHOLDERS' EQUITY:
Common stock-authorized, 300,000,000 shares of $0.01 par value as of September 30, 2022 and 2021; issued and outstanding 138,933,907 and 143,168,815 shares as of September 30, 2022 and 2021, respectively	1,389	1,432
Additional paid-in capital	4,156,594	4,115,541
Accumulated other comprehensive loss	(979,675)	(900,377)
Accumulated deficits	(701,654)	(504,126)
TOTAL AECOM STOCKHOLDERS' EQUITY	2,476,654	2,712,470
Noncontrolling interests	128,725	117,107
TOTAL STOCKHOLDERS' EQUITY	2,605,379	2,829,577
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 11,139,315	$ 11,733,954