Last 1,051 GBp
Change Today -5.00 / -0.47%
Volume 554.3K
AMEC On Other Exchanges
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As of 11:35 AM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Old Change House

4th Floor

128 Queen Victoria Street

London, EC4V 4BJ

United Kingdom

Phone: 44 20 7429 7500

Fax: 44 20 7429 7550

www.amec.com

AMEC plc supplies consultancy, engineering, and project management services to the energy, power, and process industries. The company provides total life of asset services including the design, delivery and maintenance of strategic and complex assets, ranging from oil and gas production facilities to nuclear power stations. It has major operations in the United Kingdom and Americas and work internationally for customers from the Arctic to Australia. Its customers range from blue chip companies to national and local governments on both sides of the Atlantic. Business Natural Resources Natural Resources comprise the company's activities in Oil and Gas Services, Oil Sands and Minerals and Metals Mining. Asset development (Capex) and asset support (Opex) services are provided in the upstream sector, with the balance being in the midstream and downstream sectors. Oil and Gas Services: AMEC offers a range of Capex and Opex services to International Oil Companies, National Oil Companies and independent operators in Europe, Americas, Middle East and North Africa, the Caspian, South East Asia, and China. Principal locations: The company has its main locations in Aberdeen, London, Great Yarmouth, Wynyard (U.K.); Uralsk (Kazakhstan); Baku (Azerbaijan) Calgary, Oakville, Vancouver (Canada); Houston (U.S.); Kuala Lumpur (Malaysia); Kuwait; Perth (Australia); Shanghai (China). Customers: The company’s customers include: ADNOC, Apache, BP, Chevron, ConocoPhillips, De Beers, ExxonMobil, Fairfield Energy, Imperial Oil, KazMunayGas (KMG), Kuwait Oil Company, Maersk, PetroChina, PotashCorp, SECCO, Shell, Syncrude, Teck, Total, Woodside Energy, and ZADCO. Power and Process This division focuses on the power and process markets, principally in Europe and the Americas, and the nuclear market worldwide. The business designs, delivers, enhances and maintains infrastructure for a range of customers in the public and private sectors. Principal locations: The company’s main locations include Atlanta, Greenville (U.S.); Darlington, Knutsford (U.K.); Santiago (Chile); Toronto, Vancouver (Canada). Customers: The company’s customers include: AWE, Arauco, British Energy (part of EDF Energy), Bruce Power; EDF Energy, Enbridge, Eskom, Ignalina NPR Lafarge, Milford Energy, NationalGrid, Ontario Power Generation Procter& Gamble, RWE, SABIC, Scottish Power, Sellafield, Southern Company, TXI, Verenium, and Wales and West Utilities. Earth and Environmental Earth and Environmental provides specialist environmental, geotechnical, programme management and consultancy services to a range of clients in the public and private sectors. Earth and Environmental operates a 'seller-doer' business model employing specialist consultants in fields including engineering, biology, toxicology, sociology, chemistry, meteorology, and planning. The services provided by Earth and Environmental, principally in North America includes archaeology, materials engineering, architecture, construction monitoring and testing, climate change consulting, ecological studies, oceanography and meteorology, programme management, engineering design, remediation planning and execution, environmental site characterisation, environmental impact studies and permitting, socio-economic studies, geotechnical design and analysis, tailings/waste dump design and construction monitoring, waste management, water and air quality, water management, development and protection, and infrastructure design. Locations: The company has approximately 140 locations, mainly across North America, Europe, the Middle East, and South America. Customers: The company’s customers include Albian Sands Energy, Arizona Department of Transportation, Aventis Crop Science, Bank of America, Canadian Department of National Defence, CSXT, De Beers, ExxonMobil, FEMA, GE, National Grid, Suncor, Syncrude, Terrane Metals Corp., U.S. Air Force, U.S. Army, and U.S. National Guard. Other Activities The company delivers wind farms in Ontario, Canada. This division principally consists of an ongoing PPP project in Korea. Significant Events AMEC plc, Korea Electric Power Corp., Korea Gas Corp. and Korea Development Bank have formed a joint venture company to develop energy-related business opportunities and projects in South Korea and internationally. The new joint venture, to be called AMEC Partners Korea Ltd, would offer expertise in developing, constructing, managing and operating a range of energy projects and facilities. Dispositions In 2008, the company sold the U.K. Wind Developments business, other than its interest in the Lewis development, to the Swedish company, Vattenfall.

 

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Industry Analysis

AMEC

Industry Average

Valuation AMEC Industry Range
Price/Earnings 14.9x
Price/Sales 0.7x
Price/Book 2.7x
Price/Cash Flow 13.5x
TEV/Sales 0.7x
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