Atkinsrealis Group Inc

ATRL: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 85.00	Bvk	Tbdyndqc

SNC-Lavalin Reports Mixed Third-Quarter Results; Maintaining FVE

Krzysztof Smalec

Nov 4, 2022

We are maintaining our CAD 35 fair value estimate for no-moat SNC-Lavalin after the engineering and construction firm posted mixed third-quarter results. Once again, the company reported solid performance in SNCL Services but continued losses on lump-sum turnkey, or LSTK, projects.

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