Financials EMCOR Group, Inc.

Equities

EME

US29084Q1004

Construction & Engineering

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
354 USD +1.34% Intraday chart for EMCOR Group, Inc. +7.73% +64.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,846 5,024 6,799 7,058 10,135 16,638 - -
Enterprise Value (EV) 1 4,799 4,398 6,240 7,058 10,135 15,358 14,733 16,638
P/E ratio 15 x 38.1 x 18 x 18.3 x 16.2 x 22.8 x 21.3 x 21.3 x
Yield 0.37% 0.4% 0.41% 0.36% - 0.2% 0.2% -
Capitalization / Revenue 0.53 x 0.57 x 0.69 x 0.64 x 0.81 x 1.16 x 1.1 x 1.05 x
EV / Revenue 0.52 x 0.5 x 0.63 x 0.64 x 0.81 x 1.07 x 0.97 x 1.05 x
EV / EBITDA 8.68 x 7.38 x 9.7 x 10.5 x 10.2 x 13.4 x 12.4 x 14 x
EV / FCF 15.6 x 5.8 x 22.1 x 15.7 x - 18.8 x 18.9 x 21.2 x
FCF Yield 6.4% 17.2% 4.53% 6.36% - 5.31% 5.3% 4.71%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 56,153 54,931 53,374 47,655 47,044 46,996 - -
Reference price 2 86.30 91.46 127.4 148.1 215.4 354.0 354.0 354.0
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,175 8,797 9,904 11,076 12,583 14,358 15,182 15,789
EBITDA 1 553 596.3 643.2 673.5 997.1 1,150 1,188 1,192
EBIT 1 460.9 489.6 530.8 564.9 878.1 1,030 1,068 1,074
Operating Margin 5.02% 5.57% 5.36% 5.1% 6.98% 7.18% 7.03% 6.8%
Earnings before Tax (EBT) 1 450.9 252.3 529.3 558.8 872.9 1,049 1,053 986
Net income 1 325.1 132.9 383.5 406.1 633 769.6 786.7 781
Net margin 3.54% 1.51% 3.87% 3.67% 5.03% 5.36% 5.18% 4.95%
EPS 2 5.750 2.400 7.060 8.100 13.31 15.54 16.60 16.60
Free Cash Flow 1 307.3 758.4 282.6 448.6 - 815.9 780.5 783
FCF margin 3.35% 8.62% 2.85% 4.05% - 5.68% 5.14% 4.96%
FCF Conversion (EBITDA) 55.57% 127.19% 43.94% 66.61% - 70.97% 65.7% 65.69%
FCF Conversion (Net income) 94.5% 570.47% 73.69% 110.47% - 106.02% 99.22% 100.26%
Dividend per Share 2 0.3200 0.3700 0.5200 0.5400 - 0.7200 0.7200 -
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,640 2,593 2,707 2,826 2,950 2,890 3,046 3,208 3,439 3,432 3,530 3,640 3,756
EBITDA 1 171.2 127.1 163.7 177.6 205.2 183.4 225.7 267.6 320.4 289.5 263.8 279.7 316.6
EBIT 1 143 99.96 137.6 150.1 177.2 154.9 196.7 237.3 289.2 260 233.8 249.8 286.8
Operating Margin 5.42% 3.86% 5.08% 5.31% 6.01% 5.36% 6.46% 7.4% 8.41% 7.57% 6.62% 6.86% 7.64%
Earnings before Tax (EBT) 1 142.7 99.84 137 147.9 174 152.8 193.7 234.6 291.7 267.7 228.8 243.8 308.8
Net income 1 101.7 73.39 100.7 105.8 126.3 111.5 140.6 169.4 211.5 197.1 174.1 185.7 212.6
Net margin 3.85% 2.83% 3.72% 3.74% 4.28% 3.86% 4.62% 5.28% 6.15% 5.74% 4.93% 5.1% 5.66%
EPS 2 1.890 1.390 1.990 2.160 2.630 2.320 2.950 3.570 4.470 4.170 3.675 3.920 4.485
Dividend per Share 2 0.1300 0.1300 0.1500 0.1300 0.1300 0.1500 0.1800 0.1800 - - 0.1800 0.1800 0.1800
Announcement Date 2/24/22 4/28/22 7/28/22 10/27/22 2/23/23 4/27/23 7/27/23 10/26/23 2/28/24 4/25/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 46.6 626 560 - - 1,280 1,905 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 307 758 283 449 - 816 781 783
ROE (net income / shareholders' equity) 17.1% 6.47% 17.8% 19.2% - - - -
ROA (Net income/ Total Assets) 7.29% 2.69% 7.3% - - - - -
Assets 1 4,460 4,948 5,252 - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 48.4 48 36.2 49.3 - 76.9 82.7 77.5
Capex / Sales 0.53% 0.55% 0.37% 0.45% - 0.54% 0.54% 0.49%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/28/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
354 USD
Average target price
376.5 USD
Spread / Average Target
+6.35%
Consensus
  1. Stock Market
  2. Equities
  3. EME Stock
  4. Financials EMCOR Group, Inc.