company coverage

Worley Limited research (ASX:WOR)

Coverage of Worley Limited collects dated research on business quality, return drivers, balance-sheet resilience, valuation scenarios, and what would change the thesis for ASX:WOR.

2 editions linked in this hub.

Coverage

  1. Worley's contract pop puts backlog quality ahead of the FY26 resultWorley (ASX:WOR) rose after two services wins. We test whether the contracts change earnings power before the FY26 result.
  2. Worley's A$110m FY26 hit is timing and currency; the tape priced a structural resetWorley (ASX:WOR) took an A$110m hit from timing and currency, but the tape priced a structural reset — do delayed Middle East awards convert to backlog?