MYR GROUP INC/DELAWARE (MYRG)
US55405W1045 - Common Stock
Taking everything into account, MYRG scores 5 out of 10 in our fundamental rating. MYRG was compared to 41 industry peers in the Construction & Engineering industry. MYRG scores excellent on profitability, but there are some minor concerns on its financial health. MYRG is valued quite expensively, but it does show have an excellent growth rating. These ratings could make MYRG a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year MYRG was profitable.
MYRG had a positive operating cash flow in the past year.
MYRG had positive earnings in each of the past 5 years.
MYRG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MYRG has a Return On Assets of 5.76%. This is amongst the best in the industry. MYRG outperforms 82.93% of its industry peers.
MYRG has a better Return On Equity (13.97%) than 80.49% of its industry peers.
MYRG's Return On Invested Capital of 10.95% is amongst the best of the industry. MYRG outperforms 82.93% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MYRG is above the industry average of 8.20%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.76% | ||
| ROE | 13.97% | ||
| ROIC | 10.95% |
ROA(3y)6.44%
ROA(5y)5.79%
ROE(3y)15.08%
ROE(5y)13.85%
ROIC(3y)11.89%
ROIC(5y)10.63%
1.3 Margins
MYRG's Profit Margin of 2.50% is in line compared to the rest of the industry. MYRG outperforms 56.10% of its industry peers.
In the last couple of years the Profit Margin of MYRG has grown nicely.
With a Operating Margin value of 3.43%, MYRG perfoms like the industry average, outperforming 46.34% of the companies in the same industry.
MYRG's Operating Margin has improved in the last couple of years.
The Gross Margin of MYRG (10.00%) is worse than 70.73% of its industry peers.
MYRG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.43% | ||
| PM (TTM) | 2.5% | ||
| GM | 10% |
OM growth 3Y-2.73%
OM growth 5Y2.45%
PM growth 3Y-1.54%
PM growth 5Y4.22%
GM growth 3Y-6.61%
GM growth 5Y-1.73%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MYRG is creating some value.
Compared to 1 year ago, MYRG has more shares outstanding
Compared to 5 years ago, MYRG has more shares outstanding
Compared to 1 year ago, MYRG has an improved debt to assets ratio.
2.2 Solvency
MYRG has an Altman-Z score of 4.86. This indicates that MYRG is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MYRG (4.86) is better than 90.24% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that MYRG is not too dependend on debt financing.
MYRG's Debt to Equity ratio of 0.05 is amongst the best of the industry. MYRG outperforms 87.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.86 |
ROIC/WACC1.14
WACC9.63%
2.3 Liquidity
A Current Ratio of 1.37 indicates that MYRG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.37, MYRG is in line with its industry, outperforming 53.66% of the companies in the same industry.
A Quick Ratio of 1.37 indicates that MYRG should not have too much problems paying its short term obligations.
MYRG has a Quick ratio of 1.37. This is in the better half of the industry: MYRG outperforms 60.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.39% over the past year.
MYRG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.72% yearly.
Looking at the last year, MYRG shows a very strong growth in Revenue. The Revenue has grown by 21.12%.
MYRG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.93% yearly.
EPS 1Y (TTM)10.39%
EPS 3Y15.92%
EPS 5Y23.72%
EPS growth Q2Q-2.05%
Revenue 1Y (TTM)21.12%
Revenue growth 3Y17.48%
Revenue growth 5Y18.93%
Revenue growth Q2Q16.23%
3.2 Future
Based on estimates for the next years, MYRG will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.26% on average per year.
Based on estimates for the next years, MYRG will show a quite strong growth in Revenue. The Revenue will grow by 8.25% on average per year.
EPS Next Y21.15%
EPS Next 2Y22.49%
EPS Next 3Y18.26%
EPS Next 5YN/A
Revenue Next Year10.54%
Revenue Next 2Y8.44%
Revenue Next 3Y8.25%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MYRG is valuated quite expensively with a Price/Earnings ratio of 26.55.
The rest of the industry has a similar Price/Earnings ratio as MYRG.
MYRG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 21.92 indicates a rather expensive valuation of MYRG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MYRG is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 20.88. MYRG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.55 | ||
| Fwd PE | 21.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MYRG is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.9 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of MYRG may justify a higher PE ratio.
A more expensive valuation may be justified as MYRG's earnings are expected to grow with 18.26% in the coming years.
PEG (NY)1.26
PEG (5Y)1.12
EPS Next 2Y22.49%
EPS Next 3Y18.26%
5. Dividend
5.1 Amount
MYRG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MYR GROUP INC/DELAWARE
NASDAQ:MYRG (5/3/2024, 5:11:57 PM)
143.92
-8.07 (-5.31%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.41B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.55 | ||
| Fwd PE | 21.92 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.26
PEG (5Y)1.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.76% | ||
| ROE | 13.97% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.43% | ||
| PM (TTM) | 2.5% | ||
| GM | 10% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover2.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)10.39%
EPS 3Y15.92%
EPS 5Y
EPS growth Q2Q
EPS Next Y21.15%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)21.12%
Revenue growth 3Y17.48%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y