Stantec: Industry Tailwinds Vs. Valuation Headwinds
STNStantec (STN) Seeking Alpha·2024-09-05 23:40

We Are Stantec (NYSE:STN) is something of a hidden gem in the Industrials sector. A company specializing in sustainable infrastructure and building projects, it has seen double-digit growth in revenue, earnings per share, and EBITDA over the past few years while increasing its dividend between 6% and 8% over that time. The forward P/E of 26x is lofty but should fall back to the company's historical averages if growth targets for 2025 and 2026 are met. I believe Stantec is positioned to thrive well into the ...