AECOM ACM
United StatesIndustrials · Engineering & ConstructionUSD
86.08 USD (+47.7%)
12 analysts
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AECOM is a global engineering and construction company providing design, consulting, project management, and construction services for public and private infrastructure projects, such as transportation, water, energy, and buildings.
Key points
from its scores- ✕Poor share-price trend0.3
- ✕Weak growth0.8
- ✕Little competitive advantage2.9
AI analysis
bottom line, main risk, context and newsDespite an apparently cheap valuation, the combination of negative profitability, declining revenue, and a rising interest rate environment that pressures its debt makes the risk/reward profile unfavorable.
AECOM presents a weak financial profile with a negative operating margin (-1.84%) and a negative ROIC (-5.14%), reflecting profitability issues. The -14.20% revenue decline and poor momentum (-50.12%) indicate a deteriorating business. Its valuation (forward P/E of 9.11) appears attractive but is justified by the low quality of the business and negative growth prospects.
The main risk is AECOM's inability to generate operating profitability (operating margin of -1.84%) in a rising interest rate environment, which could lead to solvency issues if its debt (2.48x EBITDA) becomes more expensive and revenues continue to decline.
Context and risks
AECOM operates in the engineering and construction sector, a capital-intensive business with negative operating margins and net debt of 2.48x EBITDA. The rising interest rate environment in the US (10-year Treasury at 5.28%) increases the cost of project financing and further pressures its already weak operating profitability. Additionally, its business depends on public and private infrastructure investment, which is sensitive to tighter financial conditions.
Is AECOM stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 23% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 20.5 | 25.4 | −19% |
| EV / EBITDA | 10.7 | 14.5 | −26% |
| Price / book | 3.4 | 4.1 | −16% |
| Price / sales | 0.5 | 2.1 | −76% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Industrials: 5.0).
Average analyst target: 86.08 USD, +47.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 3.9 (sector 6.4), Growth 0.8 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 20.5
- Forward P/E
- 9.1
- EV / EBITDA
- 10.7
- Price / book
- 3.4
- Price / sales
- 0.5
- PEG
- 0.66
- Market cap
- 7.5B USD
- Enterprise value
- 10.0B USD
Profitability
- ROE
- 16.6%
- ROA
- 3.7%
- ROIC (approx.)
- −5.1%
- Gross margin
- 5.7%
- Operating margin
- −1.8%
- Net margin
- 1.9%
- Free cash flow
- 379.9M USD
- FCF yield
- 5.1%
- Cash conversion
- 41%
Solvency
- Total debt
- 3.3B USD
- Net debt
- 2.3B USD
- Cash
- 1.0B USD
- EBITDA
- 931.8M USD
- Net debt / EBITDA
- 2.48
- Debt / equity
- 138.88
- Current ratio
- 1.06
- Quick ratio
- 0.93
Growth
- Revenue growth
- −14.2%
- EPS (TTM)
- 2.84 USD
- EPS (forward)
- 6.40 USD
Dividend
- Dividend yield
- 2.1%
- Payout
- 41.9%
Risk and market
- Beta
- 0.93
- Analyst consensus
- Strong buy (12)
- Target price
- 86.08 USD
- 52-week range
- 56.39 – 135.52
Recent news
All ACM news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about AECOM
Is AECOM stock cheap or expensive?
On P/E and EV / EBITDA, it trades 23% below the Industrials median on average. Valuation score: 6.8 out of 10 (median for Industrials: 5.0). Average analyst target: 86.08 USD, +47.7% versus the price. This is not investment advice.
What score does AECOM get on MeridIAn Screener?
It scores 4.3 out of 10, rank 1,913 of 2,130 (better than 9% of the companies analysed). Its strongest category is Dividend (6.9) and its weakest, Momentum (0.3). Analysis of 08/10/2026.
What is AECOM's P/E ratio?
Its P/E is 20.5: the share price equals 20.5 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 9.1.
How much is AECOM worth on the stock market?
Its market capitalisation is 7.5B USD and its enterprise value, debt included, is 10.0B USD.
How much debt does AECOM have?
Its net debt (debt minus cash) is 2.3B USD. That is 2.48 times its EBITDA; the Industrials median is 1.58.
Does AECOM pay a dividend?
Yes: its dividend yield is 2.13% and it pays out 42% of its earnings.
How has AECOM stock performed over the last year?
It has fallen 54.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 56.39 and 135.52 USD. Past performance does not guarantee future results.
What do analysts think of AECOM?
12 analysts cover it; their average recommendation is “Strong buy” and their average target is 86.08 USD (+47.7% versus the price). It is an estimate, not market data.