NEWS.com.au |
Fox Sports |
Newspapers |
CareerOne |
carsguide |
TrueLocal |
Real Estate |
MySpace AU

Industry:
Construction & Engineering
Fiscal Year-End:
n/a NaN

Leighton Holdings Limited (LEI) is the parent company of Australia's largest construction and contract mining group. The group's activities focus on contract and project management and property development in Australia, the Gulf and South East Asia.

LEI was formed in Australia in 1949 by Englishman, Stanley Leighton. By 1962, Leighton Contractors had been formed and floated as a public company. A strategic move into Asia in the early 70s culminated in the formation of Leighton Asia in 1975. In 1983, Hochtief became the group’s major shareholder, bringing with it Thiess. In 2007 LEI established a presence in the Middle East through the purchase of a 45% stake in Al Habtoor Engineering, and in India via a JV with Emmar MGF Land Pvt Ltd.

1) Telecommunications Infrastructure: Network design, infrastructure development, and operation and maintenance. 2) Engineering Infrastructure: Government-supported infrastructure development, operation and maintenance services, rail maintenance and rehabilitation. 3) Mining & Resources: Contract mining (gold, iron ore), development and haulage, strategic investments and acquisitions. 4) Building & Property: Construction and development of non-residential and residential projects.

LEI is a domestically and globally competitive developer and contractor. LEI has a market dominance in Australia in being able to secure major contracts. The group has the scope and scale to take on large projects, which can generate high returns in mining (via Thiess) and infrastructure (Leighton Contractors and John Holland). In the Middle East, the Al Habtoor Leighton Group is one of the few contractors in the region with the capacity and capability to deliver large scale projects.

Leighton Contractors - Amcor, Dept. of Defence, NSW Roads and Traffic Authority. Vytel - Telstra, Lucent Technologies. Thiess - BHP, Qld. Gas Corp., MIM. Leighton Asia - HK Water Supplies Dept., State Railway of Thailand, HK Airport Authority. John Holland - Dept. of Defence, Woolworths, Vodafone. Major Australian competitors include Transfield, Baulderstone Hornibrook, Brookfield Multiplex, Bovis Lend Lease, Barclay Mowlem, United Group and Downer EDI.

Research provided by  

Market Statistics

Market Cap ($M):
8,867.3
Equiv. Shares (M):
300.7
% All Ords:
0.70
12Mth Range ($):
27.17 - 41.70
Turnover ($M pa):
6,943.9
Index:
S&P/ASX 50
Sector:
Industrials
Industry Group:
Capital Goods
Industry:
Construction & Engineering
Sub Industry:
Construction & Engineering

Calendar Of Events

Date
Event
16-Aug-10
Reporting Date for Final Year Result
31-Mar-10
Dividend Date Payable for Half Yearly Result (65c 100% franked)
19-Mar-10
Dividend Record Date for Half Yearly Result (65c 100% franked)
15-Mar-10
Dividend Ex-Dividend Date for Half Yearly Result (65c 100% franked)
12-Feb-10
Reporting Date for Half Yearly Result

Directors

Name
Position
D A Mortimer
Chairman
W M King
Director
D S Adamsas
Director
A Drescher
Director
P A Gregg
Director
D P Robinson
Director
R Humphris
Director
H Lutkestrakotter
Alternate Director
Mr R Seidler
Alternate Director
I Macfarlane
Non-Executive Director
D Saxelby
Associate Director
Dr B Lohr
Director
S Charlton
Associate Director
M Gray
Associate Director
Mr W Osborn
Director
Dr K Reinitzhuber
Alternate Director

Management

Name
Position
W M King
CEO
S Charlton
CFO
W Wild
Chief Op. Officer
G E McOrist
Exec. GM, Risk
P McMorrow
Associate Director
J Faulkner
Associate Director
R Merkenhof
Associate Director
R Trundle
Associate Director
V Vella
Associate Director

Substantial Shareholders

Name
% Holding
Hochtief
53.1

Consensus Recommendation Summary


0

0

6

4

2
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 12

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) 204.3 223.9
EPS Growth (%)   9.6
P/E Ratio (x) 14.4 13.2
P/E Rel. All Ords (x) 1.29 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 13 13

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Leighton Holdings 11.4 (3.5) 4.9 8,867.3 29.49 Out Perf.
UGL Limited 11.4 8.4 6.2 2,339.6 14.10 Out Perf.
Boart Longyear >99 (97.5) 0.0 1,411.2 3.06 Out Perf.
Monadelphous 13.8 11.8 6.2 1,171.5 13.55 Out Perf.
Ausenco 18.3 (59.7) 2.1 295.1 2.41 Out Perf.

Advertisement

Go for growth assets

Go for growth assets

THE increasing longevity of Australians means super investments must work harder for longer.

Also in The Australian Today

I'm in the fight of my life: Gillard

JULIA Gillard is in the "fight of her life" after polls gave the Coalition an election-winning lead heading into the...

Kramer quits as Telstra restructures

TELSTRA product management boss Holly Kramer has resigned amid a massive reshuffle at the top deck and the creation of new business...

Private schools 'to lose appeal'

PARENTS could be reluctant to fork out expensive private school fees because of changes in university entry tests.

Anglers caught up in Tiwi permits net

RECREATIONAL fishermen are being held to ransom as a funding row between the Tiwi Land Council and the NT government drags on.