Stock Spotlight: Worley Limited (ASX:WOR)
This week's Stock Spotlight is ASX-listed Worley Limited.
About Worley Limited.
Worley Limited provides professional services to energy, chemicals, and resources sectors worldwide. The company offers project delivery services, such as engineering, procurement and supply chain management, construction and fabrication, installation and commissioning, and project delivery data hub; project management; and operation and maintenance services. The company was formerly known as WorleyParsons Limited and changed its name to Worley Limited in October 2019. The company was incorporated in 2001 and is headquartered in Sydney, Australia.

Source: Yahoo Finance
Key Stats
Key Stats
Source: Yahoo Finance, ASX. Data as of 12/09/24.
Price Performance

Growth Potential
- Trading below our valuation.
- Increasing capital expenditure to support current energy demand but also the transition to renewables.
- WOR is another way to play the tight energy markets, which have seen a significant underinvestment over the recent years.
- Increasing revenues from sustainability-related work could drive margin improvement.
- Globally diversified revenues.
- Ongoing focus on costs and operational improvement should be supportive of margins.
- Strong balance sheet position.
- Strong ESG credentials.
Key Risks
- Global economic slowdown or deep recession.
- Inflationary pressures exceed what management is able to pass onto clients.
- Geopolitical issues
- Adverse currency movements.
- Increased competition in high growth markets (e.g. sustainability).
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Disclaimer: This article does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.





