Value Analysis Amec Foster Wheeler Plc (AMFW:LSE)

A new value analysis of Amec Foster Wheeler Plc, a  company listed in  London has been added to our research pages here.  AMFW provides consultancy, engineering, project management, operations and construction services, project delivery and specialised power equipment services – straight from their website.

AMFW showed up for the first time when I screened for cheap common stocks  about one month ago.  Since then the price has fallen further and the valuation metrics became cheap and then compelling.  The analysis of AMFW was complicated a little by the acquisition by the old Amec of Foster Wheeler.  The acquisition means that amortisation went up, but earnings from the transaction do not appear in the 2014 Annual Report, which I use as the basis of the analysis.