Morningstar | Recent Cimic Contract Wins Calm Fears, We now Assume EBITDA Grows at a CAGR of 4.6% for Five Years.
During past years, Cimic Group endured significant construction project issues, slowing demand for mining services, Middle Eastern business woes, corruption allegations, and boardroom battles. Nevertheless, scale, long-term relationships, and balance sheet strength have always allowed it to maintain high levels of work, particularly large-scale infrastructure construction projects. These projects often involve higher levels of risk, as a result of fixed-price, fixed-time, and long-duration contracts. Cimic has restructured and is now focused on engineering and construction infrastructure work, particularly from the transport sector, in addition to mining and services.CIMIC Group is a construction company and the contract miner. Co. provides construction, mining, engineering, public-private partnerships (PPP), and operation and maintenance services to the infrastructure, resources and property markets. Co. comprises the following main segments: construction, contract mining, PPP, engineering, Habtoor Leighton Group, and commercial and residential. Co. delivers its services through several companies: CPB Contractors Pty Ltd, Leighton Asia Limited, Thiess Pty Ltd, Pacific Partnerships, and EIC Activities Pty Ltd. Co. operates across the Australia Pacific, Asia, Middle East and Americas regions in the infrastructure, resources and property markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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