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Aecon Group Inc. (ARE.TO)

CAD52.29 +2.61 (+5.25%)
CA TSX Industrials Engineering & Construction
Address 20 Carlson Court M9W 7K6
Toronto, ON, CA
CEO Jean-Louis Servranckx
Website aecon.com
IPO 1996-03-11
ISIN CA00762V1094

Explore sections of this company profile

Also trades on Other OTC · AEGXF (USD) Toronto Stock Exchange · ARE.TO (CAD)
Description

Aecon Group Inc., alongside its subsidiaries, delivers a comprehensive array of construction and infrastructure development services to both private and public sector clients across Canada, the United States, and globally. The company operates through two primary divisions: Construction and Concessions. Within its Construction segment, Aecon primarily targets vital areas such as civil infrastructure projects, urban transit systems, nuclear energy facilities, general utility networks, and conventional industrial frameworks. The Concessions segment, conversely, specializes in managing construction ventures through their entire lifecycle, encompassing development, building, financing, and ongoing operations, often structured as public-private partnerships (PPPs). Established in 1877 and headquartered in Toronto, Canada, the firm was originally known as Prefac Concrete Co. Ltd. before rebranding as Aecon Group Inc. in June 2001.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD52.29 +2.61 (+5.25%)
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Volume Profile
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Liquidity & share structure
Average Volume
455.6K
Beta
1.22
Float Shares
67.79M
Free Float %
99.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.27% -1.21% -9.79% +18.57% +65.21% +44.09% +138.97% +244.84% +147.23% +157.69% +1,509.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
52.29
Ratings Trend (MoM) 27% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 7 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.35
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +28.1% Q1'26: +18.4% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +124.2% Q1'26: +53.3% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +0.1% Q1'26: -4.6% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +0.8% Q1'26: -0.8% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +2.6% Q1'26: -3.9% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +5.7% Q1'26: +7.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    4.02× Q1'26: 7.44× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.22) × ERP
WACC = 83% × Ke + 17% × Kd (10.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 52.29
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
11 Rev. Ana.
8 EPS Ana.
Dec 2027
11 Rev. Ana.
8 EPS Ana.
Dec 2028
1 Rev. Ana.
7 EPS Ana.
Revenue
2.26B
est: 2.38B (-4.9%)
2.75B
est: 2.65B (+3.5%)
2.90B
est: 3.01B (-3.7%)
2.89B
est: 2.91B (-0.9%)
3.07B
est: 3.12B (-1.7%)
2.61B
est: 2.82B (-7.2%)
2.92B
est: 2.82B (+3.4%)
3.21B
est: 3.19B (+0.6%)
2.81B
est: 2.91B (-3.7%)
3.27B
est: 3.09B (+5.6%)
3.46B
est: 3.46B (-0.1%)
3.64B
est: 3.49B (+4.3%)
3.98B
est: 4.02B (-1.0%)
4.70B
est: 4.58B (+2.6%)
4.64B
est: 4.07B (+14.1%)
4.24B
est: 4.17B (+1.8%)
5.43B
est: 5.30B (+2.6%)
5.96B
5.85B – 6.02B
+12.4% YoY
6.24B
6.12B – 6.37B
+4.7% YoY
6.55B
6.44B – 6.66B
+5.1% YoY
EBITDA
136.37M
est: 146.96M (-7.2%)
134.49M
est: 128.45M (+4.7%)
158.81M
est: 81.70M (+94.4%)
121.22M
est: 101.38M (+19.6%)
122.47M
est: 133.75M (-8.4%)
104.12M
est: 58.13M (+79.1%)
124.87M
est: 72.62M (+72.0%)
141.00M
est: 172.65M (-18.3%)
131.53M
est: 98.67M (+33.3%)
178.60M
est: 109.05M (+63.8%)
154.64M
est: 167.35M (-7.6%)
107.27M
est: 158.78M (-32.4%)
122.05M
est: 174.34M (-30.0%)
129.04M
est: 182.68M (-29.4%)
48.40M
est: 65.73M (-26.4%)
-65.06M
est: 67.64M (-196.2%)
149.44M
est: 85.54M (+74.7%)
96.19M
94.52M – 97.17M
+12.4% YoY
100.71M
98.86M – 102.85M
+4.7% YoY
105.83M
103.93M – 107.50M
+5.1% YoY
EBIT
87.94M
est: 113.71M (-22.7%)
86.72M
est: 78.23M (+10.9%)
110.48M
est: 41.02M (+169.3%)
60.58M
est: 97.31M (-37.8%)
59.45M
est: 117.67M (-49.5%)
40.54M
est: 87.82M (-53.8%)
56.82M
est: 65.17M (-12.8%)
76.94M
est: 160.46M (-52.0%)
37.98M
est: 79.43M (-52.2%)
74.77M
est: 57.50M (+30.0%)
90.04M
est: 100.64M (-10.5%)
52.59M
est: 106.03M (-50.4%)
66.94M
est: 116.43M (-42.5%)
69.80M
est: 122.00M (-42.8%)
-1.30M
est: 9.26M (-114.0%)
-118.55M
est: 9.53M (-1,343.6%)
43.00M
est: 12.06M (+256.6%)
13.56M
13.32M – 13.69M
+12.4% YoY
14.19M
13.93M – 14.50M
+4.7% YoY
14.91M
14.65M – 15.15M
+5.1% YoY
Net Income
44.39M
est: 76.71M (-42.1%)
27.31M
est: 49.55M (-44.9%)
57.55M
est: 31.28M (+84.0%)
77.98M
est: 55.77M (+39.8%)
40.60M
est: 83.59M (-51.4%)
30.04M
est: 36.64M (-18.0%)
68.68M
est: 30.73M (+123.5%)
46.76M
est: 77.26M (-39.5%)
28.18M
est: 42.64M (-33.9%)
59.01M
est: 30.21M (+95.4%)
72.85M
est: 66.42M (+9.7%)
88.03M
est: 72.01M (+22.2%)
49.68M
est: 79.07M (-37.2%)
30.38M
est: 82.86M (-63.3%)
161.89M
est: 13.90M (+1,064.5%)
-59.52M
est: -49.95M (-19.2%)
15.16M
est: 14.00M (+8.3%)
96.78M
79.24M – 105.87M
+591.2% YoY
132.00M
99.01M – 136.38M
+36.4% YoY
129.85M
126.83M – 132.53M
-1.6% YoY
SGA
115.51M
est: 124.19M (-7.0%)
118.21M
est: 128.90M (-8.3%)
138.83M
est: 135.44M (+2.5%)
157.71M
est: 134.40M (+17.3%)
148.00M
est: 168.47M (-12.1%)
166.91M
est: 133.58M (+25.0%)
173.21M
est: 167.45M (+3.4%)
178.17M
est: 191.07M (-6.8%)
186.54M
est: 168.78M (+10.5%)
178.52M
est: 199.97M (-10.7%)
183.43M
est: 200.92M (-8.7%)
172.72M
est: 181.32M (-4.7%)
175.48M
est: 199.09M (-11.9%)
196.44M
est: 208.62M (-5.8%)
177.84M
est: 178.70M (-0.5%)
213.25M
est: 183.90M (+16.0%)
244.65M
est: 232.56M (+5.2%)
261.51M
256.96M – 264.16M
+12.4% YoY
273.80M
268.76M – 279.63M
+4.7% YoY
287.70M
282.55M – 292.26M
+5.1% YoY
EPS
0.82
est: 0.80 (+2.8%)
0.76
est: 0.04 (+1,926.1%)
1.07
est: 0.53 (+103.7%)
1.46
est: 0.84 (+73.5%)
0.77
est: 0.82 (-6.5%)
0.55
est: 0.52 (+4.9%)
1.22
est: 0.76 (+61.1%)
0.82
est: 0.68 (+20.3%)
0.48
est: 0.65 (-25.9%)
0.99
est: 0.90 (+10.6%)
1.20
est: 1.15 (+4.8%)
1.47
est: 1.10 (+34.1%)
0.82
est: 1.02 (-19.6%)
0.50
est: 0.36 (+38.9%)
2.62
est: 0.21 (+1,140.5%)
-0.95
est: -0.76 (-25.2%)
0.24
est: 0.21 (+12.8%)
1.43
1.20 – 1.61
+570.2% YoY
1.83
1.50 – 2.07
+28.3% YoY
1.97
1.92 – 2.01
+7.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 C 2/5 1/5 2/5 3/5 2/5 1/5 2/5
2026-05-27 C 2/5 1/5 2/5 3/5 2/5 1/5 2/5
2026-05-26 C 2/5 1/5 2/5 3/5 2/5 1/5 2/5
2026-05-25 C 2/5 1/5 2/5 3/5 2/5 1/5 2/5
2026-05-22 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-21 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-20 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-19 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-15 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-14 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-13 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-12 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-11 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-08 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-07 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-06 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-05 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-04 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-05-01 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-04-30 C+ 2/5 1/5 2/5 3/5 2/5 1/5 3/5
2026-04-29 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-28 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-27 C 2/5 1/5 2/5 3/5 1/5 1/5 3/5
2026-04-24 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-23 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-22 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-21 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-20 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-17 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5
2026-04-16 C+ 2/5 1/5 2/5 4/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
287.32M
OE per share TTM
4.36
Owner's Yield
9.91%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
8.3%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
359.0K
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
0
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 PETTEE INVESTORS, INC. 10.0K +— (+0.0%) 230.3K +59.1K (+34.5%) 0.02% 0.000 pp 0.13% +0.035 pp CAD12.37 +152.9% 11 qtrs
2 CANAL INSURANCE CO -40.0K (-100.0%) -685.0K (-100.0%) 0.00% -0.064 pp 0.00% -0.146 pp CAD 12 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 73 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 BMO Equal Weight Industrials Index ETF ZIN.TO 2.84% 1.19M 0.62%
2 Global X - Uranium UCITS ETF URNU.L 2.81% 18.09M 0.65%
3 Global X - Uranium ETF URA 2.32% 137.54M 0.69%
4 Range Nuclear Renaissance Index ETF NUKZ 1.26% 10.45M 0.85%
5 iShares S&P/TSX Canadian Dividend Aristocrats Index ETF CDZ.TO 1.11% 9.81M 0.66%
6 iShares S&P/TSX SmallCap Index ETF XCS.TO 1.09% 1.86M 0.60%
7 iShares S&P/TSX Completion Index ETF XMD.TO 0.34% 1.87M 0.60%
8 iShares ESG Aware MSCI Canada Index ETF XESG.TO 0.14% 640.5K 0.17%
9 State Street SPDR S&P International Small Cap ETF GWX 0.13% 1.15M 0.40%
10 Dimensional - International Small Cap ETF DFIS 0.12% 7.13M 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.6K
Shares Outstanding
68.47M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jean-Louis Servranckx President, Chief Executive Officer & Director 3M male
Thomas Clochard Executive Vice President & Chief Operating Officer 1M male
Jerome Julier Executive Vice President & Chief Financial Officer 1M male
Eric MacDonald Executive Vice President of Utilities 1M male
Alistair MacCallum Senior Vice President of Finance 1M male
Steven N. Nackan Executive Vice President & President of Concessions 979.5K male
Mark Scherer Executive Vice President & Chief Safety Officer 959.8K male
Timothy John Murphy Executive Vice President & Chief Strategic Affairs Officer 891.9K male
John Singleton Senior Vice President of Industrial East & West male
Gordana Terkalas Senior Vice President & Chief People Officer female
Adam Borgatti CPIR Senior Vice President of Corporate Development & Investor Relations male
Martina Doyle General Counsel, Public Company & Corporate Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits