Review of Stantec Inc

JUN 12, 2025 - The company is benefiting from secular tailwinds like aging infrastructure, water security, and energy transition. It has a strong track record of organic growth and strategic acquisitions, and it has a solid pipeline of acquisitions along with a high backlog. It trades at a premium valuation to its peers, but we feel this is reflective of its operational performance, margin expansion, and long term tailwinds. While we feel that its price may need to move sideways in the intermediate term to help its multiples contract, we are upgrading the name by one notch to a ‘A-’ due to its strong track record of execution.

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WSP Global Inc. (WSP $282.72)
- $282.72 P/E (TTM): 45.42X Cap: $36.90B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP
Stantec Inc. (STN $150.46)
- $150.46 P/E (TTM): 38.73X Cap: $17.16B
- View STN Profile
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Q: What would be a good entry price for WSP and STN? The P/E ratio around 44 is... "intimidating". Are these names likely to continue being expensive going forward? Thanks.

Read Answer Asked by Robert on August 11, 2025

WSP Global Inc. (WSP $282.72)
- $282.72 P/E (TTM): 45.42X Cap: $36.90B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP
Stantec Inc. (STN $150.46)
- $150.46 P/E (TTM): 38.73X Cap: $17.16B
- View STN Profile
- View Questions on STN
- View Reports on STN

Q: Hi Peter and Team,

Thanks to 5i’s suggestion a while ago, our holdings in WSP have grown substantially. Recently, we initiated a small position in STN, which currently appears to have better momentum than WSP.

Since 5i approves of holding both, if this was YOUR portfolio, would you sell enough WSP to balance STN and WSP at 50/50?

Thanks as always for your guidance.

Read Answer Asked by Jerry on July 30, 2025

Republic Services Inc. (RSG $235.44)
- $235.44 P/E (TTM): 34.93X Cap: $73.50B
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United Rentals Inc. (URI $890.12)
- $890.12 P/E (TTM): 23.36X Cap: $57.27B
- View URI Profile
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Canadian National Railway Company (CNR $130.75)
- $130.75 P/E (TTM): 17.93X Cap: $81.61B
- View CNR Profile
- View Questions on CNR
Canadian Pacific Kansas City Limited (CP $101.87)
- $101.87 P/E (TTM): 22.96X Cap: $94.78B
- View CP Profile
- View Questions on CP
WSP Global Inc. (WSP $282.72)
- $282.72 P/E (TTM): 45.42X Cap: $36.90B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP
Stantec Inc. (STN $150.46)
- $150.46 P/E (TTM): 38.73X Cap: $17.16B
- View STN Profile
- View Questions on STN
- View Reports on STN
Transdigm Group Incorporated (TDG $1,393.14)
- $1,393.14 P/E (TTM): 47.31X Cap: $78.50B
- View TDG Profile
- View Questions on TDG
Axon Enterprise Inc. (AXON $763.51)
- $763.51 P/E (TTM): 184.06X Cap: $59.93B
- View AXON Profile
- View Questions on AXON
GFL Environmental Inc. subordinate voting shares (GFL $70.70)
- $70.70 Cap: $25.68B
- View GFL Profile
- View Questions on GFL
Trane Technologies plc (TT $422.27)
- $422.27 P/E (TTM): 33.83X Cap: $93.96B
- View TT Profile
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Q: Which industrials in Canada and US are worth buying at the moment?

Read Answer Asked by Peter on July 14, 2025