WSP Global WSP.TO
WSP Global is an engineering and construction consultancy that designs and manages infrastructure, transportation, energy, and building projects for public and private clients worldwide. WSP Global shows acceptable financial health (ND/EBITDA 3.42) and solid revenue growth of 19.9%, supported by a record backlog and improved 2026 guidance. However, the 15% decline in earnings and weak momentum (score 0.86) suggest short-term profitability challenges, while valuation (forward P/E 13.81) appears reasonable.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
WSP Global is an engineering and construction consultancy that designs and manages infrastructure, transportation, energy, and building projects for public and private clients worldwide. WSP Global shows acceptable financial health (ND/EBITDA 3.42) and solid revenue growth of 19.9%, supported by a record backlog and improved 2026 guidance. However, the 15% decline in earnings and weak momentum (score 0.86) suggest short-term profitability challenges, while valuation (forward P/E 13.81) appears reasonable.
Score by category
| Category | Score |
|---|---|
| Financial health | 4.8 |
| Quality / Moat | 5.2 |
| Valuation | 5.8 |
| Growth | 5.5 |
| Dividend | 4.6 |
| Momentum | 0.9 |
| Risk & Context | 8.1 |
OVERALL SCORE: 5.3/10
Context and risks
Rising US rates (10-year at 5.17%) make infrastructure project financing more expensive, a key market for WSP, and pressure the valuation of its long-term cash flows. Additionally, geopolitical and tariff uncertainty may delay investment decisions in its main markets.
News considered in the analysis
- Arcadis Shares Fall After Canada’s WSP Global Pulls Takeover Offer — La retirada de la oferta de adquisición por Arcadis elimina una posible vía de crecimiento transformador y puede reflejar prudencia en la asignación de capital, aunque no afecta a la operativa actual.
- Why WSP Global (TSX:WSP) Is Up 10.1% After Raising 2026 Outlook On Record Backlog — La mejora de las previsiones para 2026 respaldada por un backlog récord es una señal positiva y material sobre la visibilidad de ingresos futuros, aunque parte del movimiento ya está en el precio.
- These Canadian companies with U.S. contracts are a buy for this analyst on 'any significant weakness' — La recomendación de un analista destaca la exposición de WSP a contratos en EE. UU., un mercado clave, pero es una opinión y no un hecho nuevo.
- Why Did Arcadis (ENXTAM:ARCAD) Reject A Takeover And Stay Independent? — Noticia sobre Arcadis, no sobre WSP; sin información nueva relevante para la valoración de WSP.
- 3 Canadian Stocks Tied To The $1tn Infrastructure And Energy Buildout — Menciona a WSP como beneficiaria del gasto en infraestructura, un viento de cola estructural para su cartera de proyectos, pero es un listículo sin datos concretos nuevos.
Verdict: Hold; the improved guidance and record backlog are positive, but the earnings decline and weak momentum warrant caution until a sustained improvement in profitability is seen.
Main risk: The main risk is the elevated net debt (ND/EBITDA 3.42) in a rising interest rate environment, which makes refinancing more expensive and could compress margins if revenue growth does not translate into earnings.
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