WORLEY LIMITED (WOR)
Share Price Analysis and Chart

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WOR - WORLEY LIMITED

FNArena Sector : Energy Sector Contracting
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 2.39
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Worley is a global engineering company providing project and asset services to the energy, chemicals and resource sectors. The company has been listed since 2002. Has started to diversify via renewable energy projects.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.42

04 Dec
2024

0.010

OPEN

$13.38

0.07%

HIGH

$13.42

6,191,494

LOW

$13.16

TARGET
$18.264 36.1% upside
OTHER COMPANIES IN THE SAME SECTOR
EOL . MND . MSV . PRN .
FNARENA'S MARKET CONSENSUS FORECASTS
WOR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 57.5 86.5 xxx
DPS (cps) xxx 50.0 51.4 xxx
EPS Growth xxx 100.0% 50.4% xxx
DPS Growth xxx 0.0% 2.7% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx 87.0% 59.4% xxx

Dividend yield today if purchased 3 years ago: 4.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.71

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 02/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic 36.432.816.532.87.057.5
DPS All 27.550.050.050.050.050.0
Sales/Revenue 6,880.1 M13,034.0 M9,510.0 M9,695.0 M11,324.0 M11,789.0 M
Book Value Per Share 1,148.91,127.81,063.51,082.41,066.01,043.6
Net Operating Cash Flow 236.3 M829.0 M533.0 M316.0 M260.0 M682.0 M
Net Profit Margin 2.21 %1.31 %0.90 %1.77 %0.33 %2.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 3.71 %2.88 %1.50 %3.06 %0.66 %5.45 %
Return on Invested Capital 2.73 %2.21 %1.15 %2.35 %0.49 %3.98 %
Return on Assets 1.96 %1.54 %0.81 %1.67 %0.35 %2.89 %
Return on Equity 3.71 %2.88 %1.50 %3.06 %0.66 %5.45 %
Return on Total Capital 6.31 %7.58 %4.41 %5.71 %7.13 %7.73 %
Free Cash Flow ex dividends 100.3 M583.0 M221.0 M1.0 M-84.0 M324.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt 165 M626 M246 M564 M90 M132 M
Long Term Debt 1,973 M1,662 M1,813 M1,605 M2,158 M1,941 M
Total Debt 2,138 M2,288 M2,059 M2,169 M2,248 M2,073 M
Goodwill - Gross 5,268 M5,622 M5,420 M5,604 M5,640 M5,543 M
Cash & Equivalents - Generic 494 M490 M526 M519 M436 M554 M
Price To Book Value 1.280.771.121.321.481.44

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 37.2 M64.0 M80.0 M53.0 M82.0 M95.0 M
Capex % of Sales 0.54 %0.49 %0.84 %0.55 %0.72 %0.81 %
Cost of Goods Sold 6,364 M12,244 M9,014 M9,076 M10,602 M10,887 M
Selling, General & Admin. Exp & Other 158 M169 M146 M176 M162 M306 M
Research & Development ------
Investments - Total 215 M198 M172 M189 M196 M225 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

28/08/2024

1

Add

$17.40

29.66%

Worley delivered a solid FY24 result, broadly in line with Morgans, with earnings up 24% year on year driven by revenue growth of 18% and solid underlying earnings margin expansion.

Management is flagging a year of more moderate growth in FY25, expecting slower revenue growth but at higher margins.

Morgans sees Worley as being leveraged to robust structural tailwinds associated with increased spending towards sustainability projects globally, supporting revenue growth and margin expansion.

This should also be supported by elevated energy prices resulting in ongoing early-phase project work within the energy sector.

Target falls to $17.40 from $18.00, Add retained.

FORECAST
Morgans forecasts a full year FY25 dividend of 50.00 cents and EPS of 89.00 cents.
Morgans forecasts a full year FY26 dividend of 55.00 cents and EPS of 103.00 cents.

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xx/xx/xxxx

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xx/xx/xxxx

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

26/11/2024

1

Buy

$18.00

34.13%

Worley reiterated double-digit earnings growth and expects an underlying earnings margin of 8%-8.5% in FY25, compared to Goldman Sachs' forecasts of 10% growth in FY25 earnings and an ex-procurement margin of 8.4%.

Management confirmed 2H25 is expected to be stronger than 1H25. The company reported 1,048 sustainability project wins in 1Q25, up 25% on the previous year and also up 25% on 4Q24.

Goldman Sachs notes cancellations are affecting Worley's backlog, though the wins are compensating.

No change to the Buy rating and $18 target price.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 53.00 cents and EPS of 77.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 66.00 cents and EPS of 99.00 cents.
Access Extra Coverage Research History >

WOR STOCK CHART

FNArena News on WOR

1
Rudi’s View: Trump Beneficiaries & TechOne

Nov 28 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 26, 2024

Nov 26 2024 - Daily Market Reports
3
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
4
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
5
Rudi’s View: Preparing For The Trump Years

Nov 13 2024 - Rudi's View

Latest Energy Sector Contracting News

1
Treasure Chest: The Green Opportunity In Worley

May 06 2024 - Treasure Chest
2
ESG Focus: ASX300 Rush To Decarbonise

Oct 21 2022 - ESG Focus
3
Treasure Chest: Worley’s Opportunity Is… Green?

Oct 20 2021 - Treasure Chest
4
Worley Well Placed For A Sustainability World

Jun 03 2021 - Australia
5
Recovery Still On Offer For Worley

Feb 02 2021 - Australia
6
Sustainability Opportunity Beckons Worley

Dec 04 2020 - Australia
7
WorleyParsons Gains Enhanced Global Scale

Jun 06 2019 - Australia
8
Oil Lift Boosts Outlook For WorleyParsons

May 10 2018 - Australia
9
Worley In Deep Water?

Oct 10 2017 - Australia
10
The Short Report

Sep 29 2016 - Australia