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Worley

DB:WF9
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WF9
DB
A$4B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Worley Limited provides professional services to resources and energy sectors. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Worley has significant price volatility in the past 3 months.
WF9 Share Price and Events
7 Day Returns
18.9%
DB:WF9
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-57.4%
DB:WF9
-57.2%
Europe Energy Services
-20.9%
DE Market
WF9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Worley (WF9) 18.9% -43.5% -60.2% -57.4% -51.4% -43.4%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • WF9 matched the Energy Services industry (-57.2%) over the past year.
  • WF9 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
WF9
Industry
5yr Volatility vs Market

Value

 Is Worley undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Worley to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Worley.

DB:WF9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WF9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 30%) (69.23%))
1.237
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.237 * 5.44%)
6.34%

Discounted Cash Flow Calculation for DB:WF9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Worley is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:WF9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.34%)
2020 375.00 Analyst x1 352.65
2021 680.00 Analyst x2 601.36
2022 685.00 Analyst x1 569.68
2023 687.43 Est @ 0.36% 537.63
2024 688.34 Est @ 0.13% 506.26
2025 688.17 Est @ -0.02% 475.97
2026 687.24 Est @ -0.13% 447.00
2027 685.79 Est @ -0.21% 419.47
2028 683.97 Est @ -0.26% 393.43
2029 681.91 Est @ -0.3% 368.86
Present value of next 10 years cash flows A$4,672.00
DB:WF9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$681.91 × (1 + -0.39%) ÷ (6.34% – -0.39%)
A$10,096.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$10,096.65 ÷ (1 + 6.34%)10
A$5,461.54
DB:WF9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$4,672.00 + A$5,461.54
A$10,133.54
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$10,133.54 / 521.39
A$19.44
DB:WF9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WF9 represents 0.55794x of ASX:WOR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55794x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 19.44 x 0.55794
€10.84
Value per share (EUR) From above. €10.84
Current discount Discount to share price of €3.90
= -1 x (€3.90 - €10.84) / €10.84
64%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Worley is available for.
Intrinsic value
>50%
Share price is €3.9 vs Future cash flow value of €10.84
Current Discount Checks
For Worley to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Worley's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Worley's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Worley's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Worley's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WF9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.37
ASX:WOR Share Price ** ASX (2020-04-06) in AUD A$6.99
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Worley.

DB:WF9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:WOR Share Price ÷ EPS (both in AUD)

= 6.99 ÷ 0.37

19.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Worley is overvalued based on earnings compared to the Europe Energy Services industry average.
  • Worley is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Worley's expected growth come at a high price?
Raw Data
DB:WF9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
25.2%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:WF9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.1x ÷ 25.2%

0.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Worley is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Worley's assets?
Raw Data
DB:WF9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$11.71
ASX:WOR Share Price * ASX (2020-04-06) in AUD A$6.99
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:WF9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:WOR Share Price ÷ Book Value per Share (both in AUD)

= 6.99 ÷ 11.71

0.6x

* Primary Listing of Worley.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Worley is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Worley's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Worley has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Worley expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Worley expected to grow at an attractive rate?
  • Worley's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Worley's earnings growth is expected to exceed the Germany market average.
  • Worley's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WF9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WF9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 25.2%
DB:WF9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 1.4%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WF9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WF9 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 12,678 744 459 6
2021-06-30 12,576 806 414 8
2020-06-30 12,574 502 313 8
2020-04-06
DB:WF9 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 11,150 442 185
2019-09-30 9,019 339 168
2019-06-30 6,888 236 152
2019-03-31 5,973 236 147
2018-12-31 5,059 236 143
2018-09-30 4,945 248 103
2018-06-30 4,830 260 62
2018-03-31 4,866 234 50
2017-12-31 4,901 208 37
2017-09-30 5,057 143 35
2017-06-30 5,214 79 34
2017-03-31 5,764 71 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Worley's earnings are expected to grow significantly at over 20% yearly.
  • Worley's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WF9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Worley Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WF9 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.88 1.05 0.38 4.00
2021-06-30 0.83 1.00 0.51 6.00
2020-06-30 0.65 0.88 0.43 5.00
2020-04-06
DB:WF9 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.37
2019-09-30 0.36
2019-06-30 0.36
2019-03-31 0.41
2018-12-31 0.47
2018-09-30 0.35
2018-06-30 0.23
2018-03-31 0.18
2017-12-31 0.14
2017-09-30 0.14
2017-06-30 0.13
2017-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Worley is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Worley's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Worley has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Worley performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Worley's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Worley has delivered over 20% year on year earnings growth in the past 5 years.
  • Worley's 1-year earnings growth is less than its 5-year average (29.5% vs 37.3%)
  • Worley's earnings growth has exceeded the Europe Energy Services industry average in the past year (29.5% vs 0.7%).
Earnings and Revenue History
Worley's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Worley Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WF9 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 11,149.80 184.90 220.20
2019-09-30 9,018.80 168.40 187.20
2019-06-30 6,887.80 151.90 154.20
2019-03-31 5,973.15 147.15 132.70
2018-12-31 5,058.70 142.80 110.70
2018-09-30 4,944.50 102.50 110.70
2018-06-30 4,830.30 62.20 110.70
2018-03-31 4,865.75 49.75 108.35
2017-12-31 4,901.20 37.30 106.00
2017-09-30 5,057.35 35.40 101.35
2017-06-30 5,213.50 33.50 96.70
2017-03-31 5,764.10 15.75 98.80
2016-12-31 6,314.70 -2.00 100.90
2016-09-30 7,044.90 10.75 104.95
2016-06-30 7,775.10 23.50 109.00
2016-03-31 8,143.50 -56.30 105.80
2015-12-31 8,511.90 -136.10 102.60
2015-09-30 8,629.30 -95.50 103.00
2015-06-30 8,746.70 -54.90 103.40
2015-03-31 8,958.55 93.20 124.70
2014-12-31 9,170.40 241.30 146.00
2014-09-30 9,368.10 245.20 163.65
2014-06-30 9,565.80 249.10 181.30
2014-03-31 9,395.55 264.10 -928.70
2013-12-31 9,225.30 279.10 -2,038.70
2013-09-30 9,018.35 300.60 -848.00
2013-06-30 8,811.40 322.10 342.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Worley has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Worley used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Worley has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Worley's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Worley has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Worley's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Worley's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Worley is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Worley's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Worley's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Worley Company Filings, last reported 3 months ago.

DB:WF9 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,155.00 2,088.00 396.00
2019-09-30 6,155.00 2,088.00 396.00
2019-06-30 6,018.50 2,138.10 457.30
2019-03-31 6,018.50 2,138.10 457.30
2018-12-31 5,111.40 647.90 2,680.30
2018-09-30 5,111.40 647.90 2,680.30
2018-06-30 2,212.80 999.00 261.60
2018-03-31 2,212.80 999.00 261.60
2017-12-31 2,185.20 1,067.90 219.80
2017-09-30 2,185.20 1,067.90 219.80
2017-06-30 1,868.30 1,102.60 226.20
2017-03-31 1,868.30 1,102.60 226.20
2016-12-31 1,878.70 1,260.50 244.70
2016-09-30 1,878.70 1,260.50 244.70
2016-06-30 1,879.90 1,239.40 303.70
2016-03-31 1,879.90 1,239.40 303.70
2015-12-31 1,860.60 1,415.60 410.20
2015-09-30 1,860.60 1,415.60 410.20
2015-06-30 2,017.60 1,235.90 381.90
2015-03-31 2,017.60 1,235.90 381.90
2014-12-31 2,247.80 1,220.40 417.80
2014-09-30 2,247.80 1,220.40 417.80
2014-06-30 2,184.90 876.00 365.80
2014-03-31 2,184.90 876.00 365.80
2013-12-31 2,266.70 1,098.30 375.20
2013-09-30 2,266.70 1,098.30 375.20
2013-06-30 2,192.90 1,051.60 320.00
  • Worley's level of debt (33.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (54.4% vs 33.9% today).
  • Debt is well covered by operating cash flow (21.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess Worley's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Worley has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Worley's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.72%
Current annual income from Worley dividends. Estimated to be 7.42% next year.
If you bought €2,000 of Worley shares you are expected to receive €114 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Worley's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Worley's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WF9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WF9 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.56 9.00
2021-06-30 0.51 11.00
2020-06-30 0.50 11.00
2020-04-06
DB:WF9 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.400 5.119
2019-08-20 0.275 1.952
2018-08-21 0.300 2.032
2018-02-20 0.200 1.220
2017-02-20 0.000 0.000
2016-08-24 0.000 0.000
2016-08-23 0.000 0.000
2016-02-23 0.000 0.000
2015-08-25 0.560 10.884
2014-08-26 0.850 7.899
2013-08-14 0.925 5.206
2013-08-13 0.925 4.154
2013-02-21 0.925 4.174
2012-08-29 0.910 3.613
2011-08-24 0.860 3.214
2011-02-28 0.760 2.639
2010-08-25 0.755 2.988
2010-02-18 0.905 3.780
2009-08-24 0.930 3.421

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Worley's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Worley's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Worley afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Worley has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Worley's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Ashton
COMPENSATION A$1,695,000
TENURE AS CEO 0.2 years
CEO Bio

Mr. Robert Christopher Ashton, also known as Chris, serves as Chief Executive Officer, Managing Director and Director at Worley Limited since February 24, 2020. Mr. Ashton served as Chief Operating Officer of Worley Limited until February 24, 2020 and was responsible for the integration of ECR and for strategy for the transformed Worley business until February 24, 2020. He was Group Managing Director of Major Projects & Integrated Solutions at Worley Limited December 5, 2016. Mr. Ashton served as Regional Managing Director of Services for EMEA at Worley Limited January 1, 2016. Mr. Ashton was responsible for Worley Limited's Europe, Middle East and North Africa operations. He has held a number of senior leadership roles within Worley Limited in Europe and the US and has led the global Power business. He joined Worley in 1998 after more than 15 years in senior engineering and operational roles with international organizations operating in the oil and gas, chemicals and power sectors. He is experienced in the development and implementation of strategy and operations leadership. Mr. Ashton holds a Degree in Electrical and Electronic Engineering from the University of Sunderland, a Master Degree in Business Administration from Cranfield School of Management and has completed the Executive Management Program at Harvard Business School.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Worley management team in years:

3.3
Average Tenure
  • The tenure for the Worley management team is about average.
Management Team

Chris Ashton

TITLE
MD, CEO & Director
COMPENSATION
A$2M
TENURE
0.2 yrs

Tom Honan

TITLE
Chief Financial Officer
COMPENSATION
A$3M
TENURE
4.3 yrs

Karen Sobel

TITLE
Group President of Major Projects & Integrated Solutions
COMPENSATION
A$150K
TENURE
3.2 yrs

Adrian Smith

TITLE
President of Advisian
COMPENSATION
A$1M
TENURE
2.5 yrs

Andrew Berryman

TITLE
President of Mining
COMPENSATION
A$384K

Vinayak Pai

TITLE
Group President of Energy & Chemicals Services
COMPENSATION
A$585K
AGE
52

Mark Trueman

TITLE
Executive Group Director of Strategy

Marian McLean

TITLE
Group Managing Director of People & Assurance
TENURE
3.3 yrs

Brian Evans

TITLE
Managing Director of Hydrocarbons

Denis Lucey

TITLE
Regional Managing Director of Services - APAC
COMPENSATION
A$557K
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Worley board of directors in years:

1.2
Average Tenure
59
Average Age
  • The average tenure for the Worley board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Grill

TITLE
Chairman
COMPENSATION
A$530K
TENURE
7.1 yrs

Chris Ashton

TITLE
MD, CEO & Director
COMPENSATION
A$2M
TENURE
0.2 yrs

Andrew Liveris

TITLE
Deputy Chairman of Board
COMPENSATION
A$176K
AGE
64
TENURE
0.2 yrs

Anne Templeman-Jones

TITLE
Non Executive Director
COMPENSATION
A$251K
AGE
57
TENURE
2.4 yrs

Tom Gorman

TITLE
Non-Executive Director
COMPENSATION
A$268K
AGE
59
TENURE
2.3 yrs

Chris Haynes

TITLE
Lead Independent Director
COMPENSATION
A$280K
AGE
72
TENURE
0.5 yrs

Juan José Coppel

TITLE
Lead Independent Director
COMPENSATION
A$20K
TENURE
0.5 yrs

Xiao Bin Wang

TITLE
Non-Executive Director
COMPENSATION
A$245K
AGE
47
TENURE
8.3 yrs

Sharon Warburton

TITLE
Non Executive Independent Director
COMPENSATION
A$89K
AGE
49
TENURE
1.2 yrs

Roger Higgins

TITLE
Non-Executive Independent Director
COMPENSATION
A$83K
AGE
68
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Worley individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Apr 20 Buy T. Rowe Price Group, Inc. Company 23. Mar 20 31. Mar 20 240,802 €3.43 €781,092
03. Apr 20 Buy Thomas Gorman Individual 01. Apr 20 01. Apr 20 6,316 €3.93 €24,846
24. Mar 20 Sell T. Rowe Price Group, Inc. Company 09. Mar 20 20. Mar 20 -218,748 €5.11 €-1,111,541
24. Mar 20 Buy T. Rowe Price Group, Inc. Company 05. Mar 20 20. Mar 20 207,527 €6.65 €1,373,205
12. Mar 20 Buy Roger Higgins Individual 10. Mar 20 10. Mar 20 20,000 €5.70 €114,021
11. Mar 20 Buy Martin Parkinson Individual 10. Mar 20 10. Mar 20 7,000 €5.44 €38,102
03. Mar 20 Buy Martin Parkinson Individual 25. Feb 20 25. Feb 20 7,000 €8.19 €57,320
03. Jun 19 Buy Sharon Warburton Individual 28. May 19 28. May 19 10,000 €8.25 €82,461
01. May 19 Sell T. Rowe Price Group, Inc. Company 01. Mar 19 29. Apr 19 -431,407 €9.45 €-4,073,928
X
Management checks
We assess Worley's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Worley has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Worley Limited provides professional services to resources and energy sectors. It operates through Energy and Chemical Services; Mining, Minerals, and Metal Services; Major Projects and Integrated Solutions; and Advisian segments. The company provides engineering design and project delivery services, including maintenance, reliability support, and advisory services. It also offers engineering and project management services to full lifecycle asset management in offshore environment; consulting and advisory services to oil and gas field development, production assurance, subsea, and topsides; engineering design and data management systems; and supply chain and logistics management services for small and large projects. In addition, the company provides construction management services; and module fabrication and field construction for conventional oil and gas facilities, oil sands and heavy oil facilities, pipeline terminals, pipeline pump and compressor stations, petrochemical plants, and thermal power facilities. Further, it offers dimensional control, laser scanning, and lean engineering services; and develops data collation, integrity, and remediation platforms, as well as sensor integration and machine learning, and global marketplace procurement platforms. The company was formerly known as WorleyParsons Limited and changed its name to Worley Limited in October 2019. Worley Limited was founded in 1971 and is based in North Sydney, Australia.

Details
Name: Worley Limited
WF9
Exchange: DB
Founded: 1971
A$2,029,997,281
521,392,547
Website: http://www.worleyparsons.com
Address: Worley Limited
141 Walker Street,
Level 15,
North Sydney,
New South Wales, 2060,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WOR Ordinary Shares Australian Securities Exchange AU AUD 28. Nov 2002
OTCPK WYGP.F Ordinary Shares Pink Sheets LLC US USD 28. Nov 2002
DB WF9 Ordinary Shares Deutsche Boerse AG DE EUR 28. Nov 2002
CHIA WOR Ordinary Shares Chi-X Australia AU AUD 28. Nov 2002
OTCPK WYGP.Y ADR Pink Sheets LLC US USD 20. Nov 2008
Number of employees
Current staff
Staff numbers
57,831
Worley employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:50
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/23
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.