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.

Download Report

{tplLang.businessdescription | toLang tLang}

{ profileData.description }

{tplLang.details | toLang tLang}

{tplLang.ceo | toLang tLang}

{profileData.profile.details.ceo}

{tplLang.employees | toLang tLang}

{profileData.profile.details.employees | numeraljs '0,0'}

{tplLang.issuetype | toLang tLang}

{profileData.profile.details.issuetype | asIssueType}

{tplLang.industryclassifications | toLang tLang}

{tplLang.sector | toLang tLang}

{profileData.profile.classification.sector}

{tplLang.industry | toLang tLang}

{profileData.profile.classification.industry}

{tplLang.toolname| toLang tLang}

There is no {tplLang.toolname| toLang tLang} currently available for {data.symbolstring}.

WSP Global Inc. (WSP $281.55)
- $281.55 P/E (TTM): 52.1X Cap: $37.22B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP
Stantec Inc. (STN $149.91)
- $149.91 P/E (TTM): 45.21X Cap: $17.27B
- 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 $231.21)
- $231.21 P/E (TTM): 34.79X Cap: $72.01B
- View RSG Profile
- View Questions on RSG
United Rentals Inc. (URI $859.62)
- $859.62 P/E (TTM): 22.9X Cap: $56.80B
- View URI Profile
- View Questions on URI
Canadian National Railway Company (CNR $128.04)
- $128.04 P/E (TTM): 17.82X Cap: $80.75B
- View CNR Profile
- View Questions on CNR
Canadian Pacific Kansas City Limited (CP $100.56)
- $100.56 P/E (TTM): 24.67X Cap: $95.08B
- View CP Profile
- View Questions on CP
WSP Global Inc. (WSP $281.55)
- $281.55 P/E (TTM): 52.1X Cap: $37.22B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP
Stantec Inc. (STN $149.91)
- $149.91 P/E (TTM): 45.21X Cap: $17.27B
- View STN Profile
- View Questions on STN
- View Reports on STN
Transdigm Group Incorporated (TDG $1,585.00)
- $1,585.00 P/E (TTM): 54.27X Cap: $90.34B
- View TDG Profile
- View Questions on TDG
Axon Enterprise Inc. (AXON $742.47)
- $742.47 P/E (TTM): 182.49X Cap: $58.81B
- View AXON Profile
- View Questions on AXON
GFL Environmental Inc. subordinate voting shares (GFL $68.73)
- $68.73 Cap: $24.80B
- View GFL Profile
- View Questions on GFL
Trane Technologies plc (TT $439.25)
- $439.25 P/E (TTM): 36.48X Cap: $97.47B
- View TT Profile
- View Questions on TT

Q: Which industrials in Canada and US are worth buying at the moment?

Read Answer Asked by Peter on July 14, 2025

WSP Global Inc. (WSP $281.55)
- $281.55 P/E (TTM): 52.1X Cap: $37.22B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP
Stantec Inc. (STN $149.91)
- $149.91 P/E (TTM): 45.21X Cap: $17.27B
- View STN Profile
- View Questions on STN
- View Reports on STN
Aecon Group Inc. (ARE $19.34)
- $19.34 Cap: $1.17B
- View ARE Profile
- View Questions on ARE
AtkinsRÃ©alis Group Inc. (ATRL $97.10)
- $97.10 P/E (TTM): 67.66X Cap: $17.06B
- View ATRL Profile
- View Questions on ATRL

Q: 1) For these listed firms, which ones have the strongest link to the nuclear energy field?
2) I have a fair sized holding in WSP but am eager to branch out for diversification purposes to either STN or ATRL. I see from other questions, 5i's seems to favour STN as a compliment to WSP. How strong is STN in the nuclear field (their website suggests some capability)?
With thanks.

Read Answer Asked by David C. on July 10, 2025