Worley Ltd

WOR: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$73.70	Pqtm	Rvsqfxkx

Worley: Earnings Guidance Stands, With New Work at Higher Margins

Mark Taylor

Jul 9, 2024

The time value of money sees our fair value estimate for no-moat Worley rise to AUD 13.50 per share from AUD 13.25. At about AUD 14.70 the sustainability facilitator’s shares are slightly overvalued. Despite our bullish outlook, we think the multiple being paid by the market is a touch too high.

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