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Current Price Data+
Current Price
Open
High
Low
Last Close
Volume
Price Movement
$ 25.720
$ 25.940
$ 25.940
$ 25.580
$ 25.640
422,671
$ 0.080 0.312 %
Current Broker Consensus Recommendation
Recommendation :
Hold
Recommendation Date :
5th Mar 2010
12 Month Target Price (average) :
$25.447
Brokers Surveyed :
10
Market Statistics
% of Market:
0.4600
% of Sector:
4.8346
Sector:
Energy
Industry Group:
Energy
Industry:
Energy Equipment & Services
Company Overview
Company Overview
WOR provides engineering design, project services plus maintenance and reliability support services across a range of industrial segments. WOR has equity investment in some of its major infrastructure projects. It is also involved in the development and commercialisation of technological innovation in areas such as communications, energy, commerce and system integration.
Company History
WOR was established in the US in the 1960s and expanded to the Asia Pacific region in the 1970s. This business was acquired by small Australian structural engineering consultancy, Wholohan Grill and Partners in 1987 (the latter group was formed in 1971). The merged group adopted the name WOR. WOR listed on the ASX in November 2002. In 2004, WOR acquired Parsons E&C Corp, and later that year, changed its name to WorleyParsons Ltd.
Differentiating Factor
WOR has a diversified contract base, with no individual contracts dominating revenue. It also has long-established relationships with a range of blue chip clients. WOR is focused on growth through sector diversification and international expansion. WOR also develops niche infrastructure projects, such as remote power generation facilities. WOR has an extensive network of engineering design bases in Australia, a more competitive engineering labour zone relative to its US- and UK-based peers.
Major Customers & Competitors
WOR's customer base comprises a diverse range of resource and industrial companies, including Alcoa, BHP Billiton, Chevron Texaco, Exxon Mobil, Rio Tinto, Shell and Woodside Petroleum. It competes with other globally oriented specialist engineering and infrastructure companies, including Fluor and KBR. It operates some JVs with Transfield Services and its international peers.
Financial Summary
Year to Jun
NPAT Rep $M
NPAT1 Adj $M
EPS c
EPS chg %
PER x
PER rel All Ords x
PER rel Sector x
DPS c
Yield %
Franking %
ROE %
2007A
224.8
224.8
104.8
52.1
24.5
1.3
0.6
60.5
2.4
24
31.3
2008A
343.9
343.9
140.8
34.4
18.3
1.0
0.7
85.5
3.3
53
23.5
2009A
390.5
390.5
159.4
13.2
16.1
0.8
0.5
93.0
3.6
90
23.7
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
Sydney Morning Herald 13/03/2010 | THE Australian Competition and Consumer Commission has delayed until late next month the release of the findings of its inquiry into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific. The ACCC is seeking further information.
The Age 13/03/2010 | THE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the planned deal.
The Age 13/03/2010 | FORMER Australian Idol finalist Lisa Mitchell made the ultimate credibility leap yesterday when she became the youngest musician to win the Australian Music Prize with her dazzling debut album Wonder.
The Age 13/03/2010 | AUSTRALIA'S economic recovery has been so strong that analysts believe Treasurer Wayne Swan may be on track to bring down a budget surplus next year instead of the official forecast of 2015.
Sydney Morning Herald 13/03/2010 | We Australians appear to be turning into a nation of contrarians when it comes to economics and business. Our economy is booming while the rest of the world is in the doldrums. Our interest rates are rising where others are hovering just above zero and our currency is strengthening as other developed nations race to the bottom.
$ 25.720
