- ACS is well positioned to capture infrastructure spending, renewable energy investments and increased mobility.
- Opaqueness, lower dividend and complexity do not allow for a clear line of sight on ACS potential performance.
- Not a homerun investment but a solid bet with a good risk-reward proposition.
- It is materially undervalued and has near term upside of 45-65% that can be triggered by mean reversion, solid execution of divestments, simplification and communication to investors.
For further details see:
ACS - Construction, Renewable Energy And Tollroads Available At A Discount