AECOM Stock Research

Market Summary

USD81.00+3.45

Market Closed

4.45%

ACM Alerts

Big jump in Earnings (Y/Y)

ACM Stock Price

ACM RSI Chart

ACM Valuation

Market Cap

11.2B

Price/Earnings (Trailing)

30.2

Price/Sales (Trailing)

0.83

EV/EBITDA

18.75

Price/Free Cashflow

22.72

ACM Price/Sales (Trailing)

ACM Profitability

Operating Margin

6.50%

EBT Margin

3.98%

Return on Equity

13.19%

Return on Assets

2.96%

Free Cashflow Yield

4.4%

ACM Fundamentals

ACM Revenue

Revenue (TTM)

13.5B

Revenue Y/Y

8.6%

Revenue Q/Q

3.19%

ACM Earnings

Earnings (TTM)

372.1M

Earnings Y/Y

84.17%

Earnings Q/Q

-12.88%

Price Action

52 Week Range

60.7492.16

(Low)(High)

Last 7 days

1.2%

Last 30 days

-6.3%

Last 90 days

-13.5%

Trailing 12 Months

11.3%

ACM Financial Health

Current Ratio

1.08

Debt/Equity

0.84

Debt/Cashflow

0.3

ACM Investor Care

Buy Backs (1Y)

1.68%

Diluted EPS (TTM)

2.65

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	26.1B	17.5B	4.72%	46.98%	51.28	1.49	23.14%	5.50%
TDY	18.7B	5.5B	-5.23%	-1.86%	24.77	3.39	7.63%	31.66%
J	14.6B	15.6B	-3.15%	-19.89%	18.85	0.94	8.40%	79.10%
ACM	11.2B	13.5B	-6.35%	11.31%	30.2	0.83	2.25%	76.46%
WSC	9.1B	2.3B	-5.45%	16.19%	18.2	4.02	28.95%	141.34%
MID-CAP
ALLE	9.6B	3.5B	-4.42%	-4.78%	19.67	2.77	19.84%	4.38%
EME	7.9B	11.4B	-0.77%	58.42%	17.88	0.7	11.60%	19.36%
MTZ	6.6B	10.4B	17.07%	21.94%	61.95	0.77	28.01%	-105.35%
FLR	4.2B	14.4B	-5.74%	-4.59%	-422.98	0.29	6.74%	96.72%
SMALL-CAP
GVA	1.7B	3.2B	-0.68%	10.78%	19.36	0.53	-7.99%	75.58%
NVEE	1.4B	786.8M	-0.98%	-25.27%	28.7	1.82	11.33%	5.99%
SPCE	1.1B	2.4M	9.01%	-44.61%	-1.9	451.14	-33.95%	-79.12%
BBCP	381.8M	409.4M	-3.48%	27.34%	11.24	0.93	23.75%	2223.00%
LMB	221.7M	503.0M	22.15%	252.52%	19.61	0.44	2.27%	51.18%

Financials for AECOM

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.1%	13,540	13,264	13,148	13,076	13,243
Gross Profit	2.1%	881	863	848	848	829
S&GA Expenses	-2.1%	143	147	147	151	154
EBITDA	-5.2%	579	611	617	359	-
EBITDA Margin	-6.1%	0.04*	0.05*	0.05*	0.03*	-
Earnings Before Taxes	14.5%	605	528	551	546	402
EBT Margin	-5.0%	0.04*	0.04*	0.04*	0.03*	-
Interest Expenses	-10.3%	-121	-110	-102	-224	-
Net Income	10.4%	372	337	311	301	211
Net Income Margin	7.6%	0.03*	0.02*	0.02*	0.02*	-
Free Cahsflow	-13.6%	498	577	622	734	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.2%	11,387	11,406	11,139	11,248	11,196
Current Assets	0.2%	6,039	6,027	5,823	5,796	5,697
Cash Equivalents	-6.9%	1,081	1,160	1,172	1,011	965
Net PPE	-2.0%	430	439	428	454	392
Goodwill	0.2%	3,431	3,425	3,381	3,436	3,491
Liabilities	-0.7%	8,650	8,713	8,534	8,671	8,546
Current Liabilities	-0.4%	5,537	5,558	5,404	5,465	5,283
. Short Term Borrowings	3.6%	5.00	5.00	5.00	2.00	3.00
Long Term Debt	-0.1%	2,152	2,155	2,157	2,162	2,166
Shareholder's Equity	7.1%	2,737	2,556	2,477	2,451	2,650
Retained Earnings	3.8%	-662	-689	-701	-731	-706
Additional Paid-In Capital	0.4%	4,177	4,162	4,157	4,139	4,101
Shares Outstanding	-0.2%	139	139	139	141	141
Minority Interest	3.8%	143	137	129	127	118

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	2.0%	652	639	714	716	832
Share Based Compensation	2.0%	41.00	41.00	38.00	36.00	42.00
Cashflow From Investing	4.1%	-164	-171	-175	-140	-152
Cashflow From Financing	6.1%	-367	-390	-588	-613	-660
Dividend Payments	5.3%	88.00	84.00	63.00	85.00	42.00
Buy Backs	-9.0%	255	281	473	535	588

Risks for ACM

What is the probability of a big loss on ACM?

62.7%

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

9.8%

10-Year Cumulative Returns

13.5%

7-Year Cumulative Returns

18.6%

5-Year Cumulative Returns

25.6%

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
2023-06-01	MACQUARIE GROUP LTD	added	2.45	244,000	29,791,000	0.04%
2023-05-26	ProShare Advisors LLC	reduced	-9.09	-75,279	696,989	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-30.23	-19,648,300	44,278,700	0.01%
2023-05-22	American Trust	sold off	-100	-353,733	-	-%
2023-05-22	Westover Capital Advisors, LLC	new	-	599,009	599,009	0.22%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	added	9.15	2,431,000	31,493,000	0.04%
2023-05-18	JPMORGAN CHASE & CO	added	106	143,145,000	279,525,000	0.03%
2023-05-17	Advisory Services Network, LLC	reduced	-27.67	-265,165	675,580	0.02%
2023-05-17	Thrivent Financial for Lutherans	reduced	-46.82	-2,834,000	3,171,000	0.01%
2023-05-17	Sunbelt Securities, Inc.	new	-	835	835	-%

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

Big jump in Earnings (Y/Y)

AECOM News

Schedule 13G FIlings of AECOM

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	alliancebernstein l.p.	4.1%	5,633,943	SC 13G/A
Feb 09, 2023	primecap management co/ca/	12.69%	17,589,671	SC 13G/A
Feb 09, 2023	blackrock inc.	10.3%	14,321,831	SC 13G/A
Feb 09, 2023	vanguard group inc	9.63%	13,349,600	SC 13G/A
Feb 07, 2023	blackrock inc.	9.7%	13,497,255	SC 13G/A
Jan 27, 2023	starboard value lp	4.9%	6,761,000	SC 13D/A
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

ACM Fair Value

Show Fair-Value

Recent SEC filings of AECOM

View All Filings

Date Filed	Form Type	Document
May 19, 2023	8-K	Current Report
May 09, 2023	10-Q	Quarterly Report
May 08, 2023	8-K	Current Report
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading

Latest Insider Trading transactions for ACM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-31	Wolfenbarger Janet Carol	acquired	-	-	1,987	-
2023-03-31	KENNARD LYDIA H	acquired	-	-	1,987	-
2023-03-31	van 't Noordende Alexander M	acquired	-	-	1,987	-
2023-03-31	Buss Brad W	acquired	-	-	1,987	-
2023-03-31	Stotlar Douglas	acquired	-	-	2,254	-
2023-03-31	Pipes Kristy	acquired	-	-	1,987	-
2023-03-31	Tishman Daniel R.	acquired	-	-	1,987	-
2023-03-13	Tishman Daniel R.	sold	-1,709,640	82.92	-20,618	-
2023-03-01	Tishman Daniel R.	acquired	-	-	2,297	-
2023-03-01	CREEL DIANE C	acquired	-	-	2,297	-

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

2023-03-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Consolidated Statements of Operations
Revenue	$ 3,490,172	$ 3,213,658	$ 6,872,527	$ 6,480,374
Cost of revenue	3,262,078	3,003,706	6,429,445	6,070,218
Gross profit	228,094	209,952	443,082	410,156
Equity in earnings of joint ventures	7,456	11,919	17,285	19,869
General and administrative expenses	(34,147)	(37,098)	(69,759)	(73,599)
Restructuring costs	(3,973)	(73,292)	(41,432)	(76,663)
Income from operations	197,430	111,481	349,176	279,763
Other income	12,305	3,329	20,175	6,203
Interest expense	(42,372)	(24,173)	(79,072)	(49,556)
Income from continuing operations before taxes	167,363	90,637	290,279	236,410
Income tax expense for continuing operations	41,105	36,011	66,870	58,567
Net income from continuing operations	126,258	54,626	223,409	177,843
Net loss from discontinued operations	(41,775)	(6,113)	(42,163)	(68,053)
Net income	84,483	48,513	181,246	109,790
Net income attributable to noncontrolling interests from continuing operations	(8,089)	(5,592)	(17,733)	(11,048)
Net loss (income) attributable to noncontrolling interests from discontinued operations	221	(1,364)	1,047	4,363
Net income attributable to noncontrolling interests	(7,868)	(6,956)	(16,686)	(6,685)
Net income attributable to AECOM from continuing operations	118,169	49,034	205,676	166,795
Net loss attributable to AECOM from discontinued operations	(41,554)	(7,477)	(41,116)	(63,690)
Net income attributable to AECOM	$ 76,615	$ 41,557	$ 164,560	$ 103,105
Net income (loss) attributable to AECOM per share:
Basic continuing operations per share	$ 0.85	$ 0.35	$ 1.48	$ 1.18
Basic discontinued operations per share	(0.30)	(0.06)	(0.29)	(0.45)
Basic earnings per share	0.55	0.29	1.19	0.73
Diluted continuing operations per share	0.84	0.34	1.46	1.16
Diluted discontinued operations per share	(0.29)	(0.05)	(0.29)	(0.44)
Diluted earnings per share	$ 0.55	$ 0.29	$ 1.17	$ 0.72
Weighted average shares outstanding:
Basic	138,927	141,060	138,807	141,419
Diluted	140,335	142,626	140,489	143,631

ACM Balance Sheet

2023-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 907,510	$ 972,661
Cash in consolidated joint ventures	166,005	199,548
Total cash and cash equivalents	1,073,515	1,172,209
Accounts receivable-net	2,427,913	2,317,812
Contract assets	1,604,593	1,405,299
Prepaid expenses and other current assets	755,049	759,402
Current assets held for sale	110,574	79,000
Income taxes receivable	67,499	89,088
TOTAL CURRENT ASSETS	6,039,143	5,822,810
PROPERTY AND EQUIPMENT-NET	429,815	428,239
DEFERRED TAX ASSETS-NET	292,844	284,154
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES	387,103	354,983
GOODWILL	3,431,302	3,380,761
INTANGIBLE ASSETS-NET	26,813	35,552
OTHER NON-CURRENT ASSETS	221,356	293,043
OPERATING LEASE RIGHT-OF-USE ASSETS	558,150	539,773
TOTAL ASSETS	11,386,526	11,139,315
CURRENT LIABILITIES:
Short-term debt	4,748	5,032
Accounts payable	2,043,230	2,027,314
Accrued expenses and other current liabilities	2,153,844	2,181,408
Income taxes payable	43,676	46,336
Contract liabilities	1,177,293	1,051,258
Current liabilities held for sale	62,193	49,249
Current portion of long-term debt	52,281	43,574
TOTAL CURRENT LIABILITIES	5,537,265	5,404,171
OTHER LONG-TERM LIABILITIES	118,057	135,795
OPERATING LEASE LIABILITIES, NON-CURRENT	603,127	595,308
LONG-TERM LIABILITIES HELD FOR SALE	275	200
DEFERRED TAX LIABILITY-NET	9,209	9,224
PENSION BENEFIT OBLIGATIONS	229,527	232,552
LONG-TERM DEBT	2,152,191	2,156,686
TOTAL LIABILITIES	8,649,651	8,533,936
COMMITMENTS AND CONTINGENCIES
AECOM STOCKHOLDERS' EQUITY:
Common stock-authorized, 300,000,000 shares of $0.01 par value as of March 31, 2023 and September 30, 2022; issued and outstanding 138,724,105 and 138,933,907 shares as of March 31, 2023 and September 30, 2022, respectively	1,387	1,389
Additional paid-in capital	4,176,931	4,156,594
Accumulated other comprehensive loss	(921,087)	(979,675)
Accumulated deficits	(662,891)	(701,654)
TOTAL AECOM STOCKHOLDERS' EQUITY	2,594,340	2,476,654
Noncontrolling interests	142,535	128,725
TOTAL STOCKHOLDERS' EQUITY	2,736,875	2,605,379
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 11,386,526	$ 11,139,315