Screened 2026-09-11 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Stantec Inc. holds its Markdown at $69.66. Elevated stress, defensive posture warranted, held for 11 days.
As held on the ledger · 2026-09-11
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 11 days
Price at the screen
$69.66
Valuation
21.70 trailing · 13.89 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.72
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
32.01%
Below 33%
Interest-bearing debt is just 32.0% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
3.50%
Below 33%
Cash held in interest-bearing accounts and securities is 3.5% of assets, under the one-third limit.
Pass
Receivables
20.84%
Below 49%
Money owed to the company is 20.8% of assets, under the 49% limit.
Pass
Revenue purity
0.18%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. A 18.1% margin of safety to the base estimate.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Engineers turning plans into bridges and power grids
Every bridge, office tower or water system starts with someone who can read the local rules, win the permits and keep the project on budget. Stantec does exactly that across Canada, the United States and beyond, serving both governments and private clients in a steady, unglamorous way. Revenue is rising 9 percent, return on equity sits at 15 percent and the shares trade at 14.2 times forward earnings with a 15 percent gap to our fair value.
Those numbers look tidy on paper and the firm clears our ethical screen without issue. Yet the opportunity rating remains none because the business carries the classic traits of engineering and construction work, where earnings can swing with government budgets and economic cycles. Profit margins at 7 percent leave little room for surprises, and the lack of a clear moat means competitors can still win the next tender.
Currency moves, project delays and sudden shifts in public spending remain real threats that the valuation does not fully price in. The shares are not expensive, but they are also not compelling enough to move the rating off neutral. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Canada and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
STN trades on the NYSE (the company is based in Canada). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-13Markup · changed$73.11+1.2%Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 32%. Our forward projection puts the odds of a 10% gain over the next month near 14%.
2026-07-18Distribution$72.26+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 32%. Our forward projection puts the odds of a 10% gain over the next month near 14%.
2026-07-03Distribution$72.26+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Distribution$72.26Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
