Fluor Corporation Intrinsic Value Calculator – Jindalee Resources Appoints Fluor Corporation as Lead Manager for McDermitt Lithium Project PFS

🌥️Trending News

Fluor Corporation ($NYSE:FLR) is a leading engineering and construction firm, publicly traded on the New York Stock Exchange. Its expertise covers the full range of services required to develop a successful project, from feasibility studies to project execution. Jindalee Resources is an Australian Securities Exchange (ASX) listed lithium company with operations in the US.

The McDermitt Lithium Project is located in Oregon, and is Jindalee’s primary focus. The company has chosen to appoint Fluor Corporation as the lead manager for its Preliminary Feasibility Study (PFS).

Stock Price

On Thursday, FLUOR CORPORATION stock opened at $29.8 and closed at $29.8, up by 0.2% from the previous closing price of 29.8. The McDermitt Lithium Project is located in Nevada, USA, and is a joint venture between Jindalee Resources and Lithium Americas Corporation. It provides professional and technical services to clients in diverse industries such as oil & gas, chemicals, pharmaceuticals, power, mining & metals, life sciences, and manufacturing. The company has a strong track record in successfully delivering projects in the Americas and has recently started operations in Australia and New Zealand.

Fluor Corporation is confident that it can provide the necessary expertise and experience to execute the PFS of the McDermitt Lithium Project in a timely and effective manner. This appointment highlights the company’s commitment to advancing the development of lithium resources in Nevada and creating value for its clients. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fluor Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fluor Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fluor Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Fluor Corporation are shown below. More…

Analysis – Fluor Corporation Intrinsic Value Calculator

At GoodWhale, we have been carefully analyzing the fundamentals of FLUOR CORPORATION. After our extensive valuation, we have concluded that the intrinsic value of FLUOR CORPORATION share is approximately $23.9, which has been calculated by our proprietary Valuation Line. Comparatively, the current stock price of FLUOR CORPORATION is trading at $29.8, meaning it is overvalued by 24.8%. This provides an opportunity to investors wishing to buy into the company. More…

Peers

It is one of the largest engineering and construction companies in the world and competes with other major companies such as KBR Inc, Resource Development Group Ltd, and Jacobs Solutions Inc. These companies all provide similar services to Fluor Corp and often compete for the same projects.

– KBR Inc ($NYSE:KBR)

KBR Inc is a publicly traded engineering, construction, and services company based in Houston, Texas. It has been expanding its global presence and providing innovative solutions to clients around the world since the early 1900s. As of 2022, KBR Inc has a market cap of 7.01B and a Return on Equity of 14.53%. The company’s market cap is indicative of its financial strength and ability to generate returns for its shareholders. Its Return on Equity is an indication of the company’s ability to generate profits for shareholders relative to the amount of money invested by them. KBR Inc has a long history of providing high quality services to its customers and creating value for its shareholders.

– Resource Development Group Ltd ($ASX:RDG)

Resource Development Group Ltd is a diversified resources company with interests in the exploration and development of minerals, oil and gas, and other natural resources. The company has a market capitalisation of 155.8M as of 2022, making it a mid-sized player in the resources sector. Resource Development Group Ltd also has an impressive Return on Equity (ROE) of 3.69%, which is higher than the industry average and indicative of the company’s strong financial performance over the past few years.

– Jacobs Solutions Inc ($NYSE:J)

Jacobs Solutions Inc is a leading global provider of technology, engineering, and management solutions. The company has a market cap of 15.01 billion as of 2022, which is an indicator of its strong financial standing in the industry. Jacobs Solutions Inc is also performing well financially, as demonstrated by its Return on Equity of 10.18%. This suggests that the company is achieving a good return on its investments and is able to generate positive returns for its shareholders. Jacobs Solutions Inc has established itself as a leader in the industry due to its commitment to providing customers with quality solutions and services.

Summary

FLUOR Corporation (NYSE: FLR) is a leading engineering and construction company with a strong presence in the energy, industrial, and infrastructure sectors. The company recently announced its appointment as the lead manager of the Pre-Feasibility Study (PFS) for the Jindalee Resources-owned McDermitt Lithium Project in Oregon, US. This could provide additional growth opportunities to the company as lithium demand continues to grow and expand.

With its diversified portfolio, strong balance sheet, and attractive valuation, FLUOR is well positioned for long-term growth. Investors should continue to monitor the company’s progress and capitalize on its potential.