Atkinsrealis Group Inc

ATRL: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 46.80	Hrb	Tsqjybbs

SNC-Lavalin Reports Disappointing First-Quarter Results; Lowering FVE

Krzysztof Smalec

May 6, 2022

We are lowering our fair value estimate for no-moat SNC-Lavalin to CAD 35 from CAD 36 after the engineering and construction firm reported disappointing first-quarter results, with losses on lump-sum turnkey, or LSTK, projects due to COVID-19, cost inflation, and supply chain disruptions.

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