Engineering the World’s Most Complex Projects

Analyzing the economics of a global consulting firm shaping tomorrow’s built environment.

Welcome to my Substack, where I delve into the world of truly undiscovered companies from across the globe. Everyone is talking about the same 200-300 stocks, but there are more than 55,000 publicly traded companies in the world. Here, we explore hidden gems in the financial markets that often fly under the radar of mainstream analysts and investors.

🎧 Want to explore more company insights? I’m now releasing free audio overviews — separate from the paid deep dives — designed as engaging, conversational breakdowns of different businesses. It’s a great way to discover new ideas on the go.

Teaser

In a world struggling to fund and decarbonize its infrastructure, few companies sit closer to the flow of long-duration engineering work than a Canadian company. From bridges and railways to coastal defenses and climate resilience, this Canadian-listed pure-play consulting firm has become one of the largest design and environmental specialists on the planet — and its financials increasingly look like those of a disciplined, high-return compounder rather than a traditional engineering cyclical.