WSP Stock Analysis: WSP Global | TO
Engineering & Construction | TO, Canada | Market Cap: 26.496m CAD | 12M Return: -25.6% | CA92938W2022 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 95.7M
EPS Trend: 99.7%
Qual. Beats: 2
Rev. Trend: 98.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
WSP Global is a Montreal-based engineering and professional services firm serving public- and private-sector clients across the Americas, Europe, Australia, and other international markets. It advises, designs, and manages infrastructure projects in areas such as transportation, buildings, water, and energy.
The company also provides environmental, earth-science, digital, sustainability, and strategic advisory services, supporting projects from early planning and permitting through design, construction, and operation. Engineering and construction consulting firms typically earn revenue by providing specialized expertise and project-management services rather than building or owning the infrastructure they work on.
- Public infrastructure and energy-transition spending supports project demand
- Acquisition-led expansion boosts revenue but raises integration and debt risks
- Tight engineering labor markets pressure margins and project delivery capacity
| Net Income: 931.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -2.68 > 1.0 |
| NWC/Revenue: 6.79% < 20% (prev 6.49%; Δ 0.29% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.70b > Net Income 931.0m |
| Net Debt (9.39b) to EBITDA (2.41b): 3.90 < 3 |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (135.0m) vs 12m ago 3.17% < -2% |
| Gross Margin: 17.62% > 18% (prev 16.17%; Δ 1.45% > 0.5%) |
| Asset Turnover: 85.49% > 50% (prev 91.26%; Δ -5.77% > 0%) |
| Interest Coverage Ratio: 4.78 > 6 (EBIT TTM 1.62b / Interest Expense TTM 338.3m) |
| A: 0.05 (Total Current Assets 7.73b - Total Current Liabilities 6.42b) / Total Assets 26.0b |
| B: 0.11 (Retained Earnings 2.87b / Total Assets 26.0b) |
| C: 0.07 (EBIT TTM 1.62b / Avg Total Assets 22.6b) |
| D: 0.67 (Book Value of Equity 10.4b / Total Liabilities 15.6b) |
| Altman-Z'' = 1.87 = BBB |
| DSRI: 1.09 (Receivables 6.45b/5.39b, Revenue 19.3b/17.5b) |
| GMI: 0.92 (GM 16.17% / 17.62%) |
| AQI: 1.08 (AQ_t 0.64 / AQ_t-1 0.59) |
| SGI: 1.10 (Revenue 19.3b / 17.5b) |
| TATA: -0.03 (NI 931.0m - CFO 1.70b) / TA 26.0b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of November 04, 2026, the stock is trading at CAD 197.73 with a total of 455,190 shares traded. Over the past week, the price has changed by +8.24%, over one month by +17.51%, over three months by +9.64% and over the past year by -25.58%.
Current recommended Stop Loss: 189.90 (which is 4% or 1.3 ATR below the current price).
WSP Global has no consensus analysts rating.
P/E Trailing = 29.5534
P/E Forward = 14.3885
P/S = 1.3698
P/B = 2.4085
P/EG = 16.4403
Revenue TTM = 19.3b CAD
EBIT TTM = 1.62b CAD
EBITDA TTM = 2.41b CAD
Long Term Debt = 7.27b CAD (from longTermDebt, last quarter)
Short Term Debt = 596.2m CAD (from shortTermDebt, last quarter)
Debt = 10.1b CAD (from shortLongTermDebtTotal, last quarter) + Leases 1.25b
Net Debt = 9.39b CAD (calculated: Debt 10.1b - CCE 678.6m)
Enterprise Value = 35.9b CAD (26.5b + Debt 10.1b - CCE 678.6m)
Interest Coverage Ratio = 4.78 (Ebit TTM 1.62b / Interest Expense TTM 338.3m)
EV/FCF = 23.55x (Enterprise Value 35.9b / FCF TTM 1.52b)
FCF Yield = 4.25% (FCF TTM 1.52b / Enterprise Value 35.9b)
FCF Margin = 7.88% (FCF TTM 1.52b / Revenue TTM 19.3b)
Net Margin = 4.81% (Net Income TTM 931.0m / Revenue TTM 19.3b)
Gross Margin = 17.62% ((Revenue TTM 19.3b - Cost of Revenue TTM 15.9b) / Revenue TTM)
Gross Margin QoQ = 17.84% (prev 17.87%)
Tobins Q-Ratio = 1.38 (Enterprise Value 35.9b / Total Assets 26.0b)
Interest Expense / Debt = 3.36% (Interest Expense 338.3m / Debt 10.1b)
Taxrate = 27.77% (357.8m / 1.29b)
NOPAT = 1.17b (EBIT 1.62b * (1 - 27.77%))
Current Ratio = 1.20 (Total Current Assets 7.73b / Total Current Liabilities 6.42b)
Debt / Equity = 0.96 (Debt 10.1b / totalStockholderEquity, last quarter 10.4b)
Debt / EBITDA = 3.90 (Net Debt 9.39b / EBITDA 2.41b)
Debt / FCF = 6.16 (Net Debt 9.39b / FCF TTM 1.52b)
Total Stockholder Equity = 9.78b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.11% (Net Income 931.0m / Total Assets 26.0b)
RoE = 9.52% (Net Income TTM 931.0m / Total Stockholder Equity 9.78b)
RoCE = 9.47% (EBIT 1.62b / Capital Employed (Equity 9.78b + L.T.Debt 7.27b))
RoIC = 5.98% (NOPAT 1.17b / Invested Capital 19.5b)
WACC = 5.40% (E(26.5b)/V(36.6b) * Re(6.53%) + D(10.1b)/V(36.6b) * Rd(3.36%) * (1-Tc(0.28)))
Discount Rate = 6.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.14 | Cagr: 3.46%
[DCF] Terminal Value 74.41% ; FCFF base≈1.57b ; Y1≈1.48b ; Y5≈1.39b
[DCF] Fair Price = 92.69 (EV 21.9b - Net Debt 9.39b = Equity 12.5b / Shares 134.8m; r=8.35% [WACC [floored]]; 5y FCF grow -7.14% → 2.50% )
EPS Correlation: 99.74 | EPS CAGR: 18.59% | SUE: 1.01 | # QB: 2
Revenue Correlation: 98.43 | Revenue CAGR: 12.82% | SUE: 0.83 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3.19 | Chg30d=-0.99% | Revisions=-70% | Analysts=13
EPS current Year (2026-12-31): EPS=11.35 | Chg30d=-0.65% | Revisions=-73% | GrowthEPS=+18.5% | GrowthRev=+18.6%
EPS next Year (2027-12-31): EPS=13.07 | Chg30d=-0.52% | Revisions=-50% | GrowthEPS=+15.1% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: -80% (up=1, down=21)