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STN.TO · Intrinsic value

Is Stantec Inc. (STN.TO) overvalued or undervalued?

Stantec Inc. (STN.TO) trades at the delayed market price of CA$97.91 a share. That price already implies revenue growth of 2.3% a year for 5 years. TickerWorth's fair value is CA$123.23 a share (priced within our range of CA$51.19 – CA$156.18). We do not call it over- or undervalued from inside our range.

Model by · generated from market data · Updated Oct 19, 2026 · How these pages are made

Is STN.TO fairly valued?

Fair value
CA$123.23
Market price
CA$97.91
Upside to fair value
+25.9%
Verdict
Priced within our range of CA$51.19 – CA$156.18
Price as of · Prices are delayed.
Fair value against the delayed market price: Priced within our range of CA$51.19 – CA$156.18.

Reverse DCF: Today's price implies revenue growth of 2.3% a year for 5 years; our model assumes 7.7% a year on average over the same horizon.

What is STN.TO's TickerWorth Score?

C55/100

Middle of the pack — real strengths and real weaknesses

Compared with Industrials companies in Canada

Its strongest point: looks cheap on the numbers. Its weakest: recent price trend has been weak.

  • Value · 70 of 100

    Cheaper than 70% of Industrials companies worldwide

  • Price vs worth · 71 of 100
  • Quality · 57 of 100

    More profitable than 57% of Industrials companies worldwide

  • Financial health · 44 of 100

    Financially stronger than 44% of Industrials companies worldwide

  • Growth · 56 of 100

    Growing faster than 56% of Industrials companies worldwide

  • Momentum · 7 of 100

    Outperformed 7% of Industrials companies worldwide over the past year

Confidence: High confidence · Scored

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STN.TO DCF valuation, input by input

TickerWorth's fair value for Stantec Inc. (STN.TO) is CA$123.23 a share, against the delayed market price of CA$97.91 (priced within our range of CA$51.19 – CA$156.18). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.

Read the full reasoning

One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values STN.TO at about C$129.61 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.

The valuation discounts Stantec Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 8.1%, with a long-run terminal growth rate of 2.5%. About 78% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.

Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 2.3% annual revenue growth for STN.TO. Our base case instead compounds to about 7.7% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, STN.TO's modeled DCF value ranges from about C$85.78 to C$244.22 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.

How to read this page: the DCF fair value is what Stantec Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of STN.TO's intrinsic value. Figures update as new filings and prices come in.

Every input behind STN.TO's DCF

InputValue
Base-year revenueLive feed — totalRevenue (TTM)C$6,820,000,000
Base EBIT marginComputed — trailing operatingMargins, held roughly flat13.5%
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast12% → 10% → 8% → 6% → 4%
Risk-free rateLive feed — US 10-year Treasury yield (^TNX)5.3%
BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5)0.72
Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC2.5%
Diluted sharesLive feed — sharesOutstanding112M
Market priceDelayed quote · as of 2026-10-19 12:46 UTCC$97.91

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What does Stantec Inc. do?

What does it do?

Stantec Inc. provides professional services in the areas of infrastructure and facilities to private and public sectors in Canada, the United States, and internationally. It operates in the Engineering & Construction industry (Industrials sector), headquartered in Canada. The company employs roughly 34,000 people.

How does it make money?

The business turns $6.8B in annual revenue into profit. Out of every $100 of sales, about $14 is left as operating profit (operating margin of 13.5%), after a 54% gross margin on the products/services it sells. After all costs, taxes and interest, 7.4% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks mixed: carries modest debt (0.8× equity), comfortably covers its short-term bills (1.5× current ratio), and is currently profitable.

STN.TO insider trading

Insider filings are available for US-listed companies only.

Common questions

  • What is STN.TO's intrinsic value?

    TickerWorth's blended fair value for Stantec Inc. (STN.TO) is CA$123.23 per share, versus a market price of CA$97.91 (priced within our range of CA$51.19 – CA$156.18).

  • Is STN.TO overvalued or undervalued?

    Priced within our range of CA$51.19 – CA$156.18 at CA$97.91. We don't call STN.TO overvalued or undervalued from a range. This is an educational estimate, not advice.

  • What discount rate is used for STN.TO?

    A WACC of 8.1% and a terminal growth rate of 2.5%.

  • Is Stantec stock undervalued?

    TickerWorth's fair value for Stantec Inc. (STN.TO) is CA$123.23 against a market price of CA$97.91. Our read: Priced within our range of CA$51.19 – CA$156.18. This is a model estimate, not investment advice.

  • Stantec (STN.TO) DCF valuation and fair value

    Our fair value for Stantec Inc. (STN.TO) is CA$123.23, built on a 8.1% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.

  • What growth is priced into Stantec stock?

    Today's price implies revenue growth of 2.3% a year for 5 years; our model assumes 7.7% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of CA$97.91. A model estimate, not investment advice.

  • Stantec (STN.TO) insider trading

    We have no recent SEC Form 4 insider filings on file for Stantec Inc. (STN.TO). Form 4 covers US-listed companies only.

Not investment advice. TickerWorth Score is a model output.

Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.