Worley Ltd

WOR: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$13.48	Ydkkd	Dqdszmnb

Worley Earnings: Guidance and Double-Digit Growth Ambitions Stand

Mark Taylor

Feb 28, 2024

Our AUD 13.25 fair value estimate for no-moat Worley stands. At around AUD 15.45, the sustainability facilitator’s shares are overvalued. Despite our bullish outlook for the company, we think the market is overly optimistic about the value credited, the multiple being paid too high.

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