TUTOR PERINI CORP (TPC)
US9011091082 - Common Stock
Taking everything into account, TPC scores 3 out of 10 in our fundamental rating. TPC was compared to 41 industry peers in the Construction & Engineering industry. The financial health of TPC is average, but there are quite some concerns on its profitability. TPC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
TPC had negative earnings in the past year.
In the past year TPC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: TPC reported negative net income in multiple years.
TPC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.43%, TPC is doing worse than 75.00% of the companies in the same industry.
With a Return On Equity value of -8.13%, TPC is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
TPC has a Return On Invested Capital of 0.55%. This is in the lower half of the industry: TPC underperforms 67.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.43% | ||
| ROE | -8.13% | ||
| ROIC | 0.55% |
ROA(3y)-2.18%
ROA(5y)-2.61%
ROE(3y)-7.39%
ROE(5y)-8.43%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
TPC has a worse Operating Margin (0.39%) than 67.50% of its industry peers.
TPC has a worse Gross Margin (6.74%) than 75.00% of its industry peers.
In the last couple of years the Gross Margin of TPC has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.39% | ||
| PM (TTM) | N/A | ||
| GM | 6.74% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-26.54%
GM growth 5Y-18.7%
2. Health
2.1 Basic Checks
TPC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
TPC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for TPC has been increased compared to 5 years ago.
TPC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.59, we must say that TPC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.59, TPC is doing worse than 67.50% of the companies in the same industry.
TPC has a debt to FCF ratio of 2.36. This is a good value and a sign of high solvency as TPC would need 2.36 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.36, TPC belongs to the top of the industry, outperforming 82.50% of the companies in the same industry.
TPC has a Debt/Equity ratio of 0.60. This is a neutral value indicating TPC is somewhat dependend on debt financing.
TPC has a Debt to Equity ratio of 0.60. This is comparable to the rest of the industry: TPC outperforms 55.00% of its industry peers.
Although TPC does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 2.36 | ||
| Altman-Z | 1.59 |
ROIC/WACC0.05
WACC10.37%
2.3 Liquidity
A Current Ratio of 1.70 indicates that TPC should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.70, TPC is in the better half of the industry, outperforming 77.50% of the companies in the same industry.
TPC has a Quick Ratio of 1.70. This is a normal value and indicates that TPC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TPC (1.70) is better than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.26% over the past year.
The Revenue has grown by 14.88% in the past year. This is quite good.
TPC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.72% yearly.
EPS 1Y (TTM)44.26%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q131.58%
Revenue 1Y (TTM)14.88%
Revenue growth 3Y-9.98%
Revenue growth 5Y-2.72%
Revenue growth Q2Q35.13%
3.2 Future
TPC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.14% yearly.
The Revenue is expected to grow by 7.64% on average over the next years.
EPS Next Y127.17%
EPS Next 2Y56.86%
EPS Next 3Y40.14%
EPS Next 5YN/A
Revenue Next Year15.23%
Revenue Next 2Y11.49%
Revenue Next 3Y7.64%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for TPC. In the last year negative earnings were reported.
TPC is valuated reasonably with a Price/Forward Earnings ratio of 11.87.
Based on the Price/Forward Earnings ratio, TPC is valued cheaper than 90.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.41. TPC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TPC is valued a bit more expensive than 65.00% of the companies in the same industry.
100.00% of the companies in the same industry are more expensive than TPC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.77 | ||
| EV/EBITDA | 21.43 |
4.3 Compensation for Growth
TPC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as TPC's earnings are expected to grow with 40.14% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.86%
EPS Next 3Y40.14%
5. Dividend
5.1 Amount
TPC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TUTOR PERINI CORP
NYSE:TPC (5/3/2024, 7:22:26 PM)
After market: 18.37 +0.38 (+2.11%)17.99
+0.6 (+3.45%)
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 Cap940.52M
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)
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EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | N/A | ||
| Fwd PE | 11.87 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.43% | ||
| ROE | -8.13% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.39% | ||
| PM (TTM) | N/A | ||
| GM | 6.74% | ||
| 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 Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.7 | ||
| 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)44.26%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y127.17%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.88%
Revenue growth 3Y-9.98%
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