SADIF Analytics Assigns Positive Long-Term Outlook Rating to SNC-Lavalin Group Inc

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2009-11-21 00:20:43 - SADIF-Investment Analytics has applied its StockMarks™ stock-rating system to SNC-Lavalin Group Inc and produced a research report, rating the company's attractiveness to long-term investors.

Mira, Portugal – November 20th, 2009 – SADIF Investment Analytics today announced the release of a new equity research report covering SNC-Lavalin Group Inc (SNC). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential SNC-Lavalin investor.

Report Summary: Shares in Canadian construction & engineering company SNC-Lavalin Group have bounced back from their

lows in the first quarter of 2009, backed by continued resilience of the company's backlog. During the third quarter ended September 30th, net income rose 13% when compared to the third quarter of 2008. The strong results brought the company's 9-month income to an increase of 9.7% compared to the first nine months of 2008. The rise in income came due to stronger margins in the company's Packages business (contracts that involve more than one of SNC-Lavalin's services) despite the weaker revenues from this segment. President and CEO Pierre Duhaime reaffirmed the company's projected earnings, expecting “growth of 7% to 12% for 2009”. The company's total backlog for its four business lines, Services, Packages, Operations & Maintenance, and Infrastructure Concession Investments grew to CAD 10.2B, up from CAD 9.9B at the end of June and CAD 9.2B at the end of September 2008. SNC-Lavalin recently secured a several large contracts, including a project to design and build an expansion to the Calgary Light Rapid Transit system and an engineering and management contract for the Wasit Gas Development Program in Saudi Arabia. However, in order to assess SNC-Lavalin as a long-term investment, we should focus on the company's underlying long-term fundamentals. We can analyze the company's fundamentals through the use of the StockMarks framework. SNC-Lavalin currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 64, rating above the Canadian market average. This rating places SNC-Lavalin fourth among nine of the company's closest Canadian-listed peers, selected on the basis of similarity of business, market positioning factors such as size, and share comparisons.

The complete report breaks down the Total StockMark into its three components – business, management and price, performing a thorough analysis of SNC-Lavalin for long-term investors.

A summary of the StockMarks™ ratings for SNC-Lavalin Group Inc is available here:
sadifanalytics.com/stockmarks/company.php?ticker=SNC&cod_country ..

The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com, Thomson Research and Capital IQ or directly from SADIF-Investment Analytics at:
sadifanalytics.com/stockmarks/article/hist_article.php?cod_count ..


About SADIF-Investment Analytics:
SADIF-Investment Analytics is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.