MYR GROUP INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 168.2 USD | +1.26% |
|
+5.95% | +16.27% |
| Apr. 16 | Stifel Adjusts Price Target on MYR to $184 From $185, Maintains Buy Rating | MT |
| Feb. 29 | Transcript : MYR Group Inc., Q4 2023 Earnings Call, Feb 29, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 542.5 | 1,005 | 1,865 | 1,528 | 2,417 | 2,815 | - | - |
| Enterprise Value (EV) 1 | 542.5 | 1,008 | 1,786 | 1,513 | 2,417 | 2,728 | 2,590 | 2,815 |
| P/E ratio | 14.4 x | 17.3 x | 22.3 x | 18.8 x | 26.8 x | 26.2 x | 21.5 x | - |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.26 x | 0.45 x | 0.75 x | 0.51 x | 0.66 x | 0.72 x | 0.68 x | 0.63 x |
| EV / Revenue | 0.26 x | 0.45 x | 0.72 x | 0.5 x | 0.66 x | 0.7 x | 0.62 x | 0.63 x |
| EV / EBITDA | 5.36 x | 7.61 x | 10.9 x | 8.61 x | 12.8 x | 12.5 x | 10 x | 9.04 x |
| EV / FCF | 76.7 x | 7.7 x | 21 x | 16.7 x | - | 30.8 x | 24.1 x | - |
| FCF Yield | 1.3% | 13% | 4.75% | 5.98% | - | 3.24% | 4.14% | - |
| Price to Book | 1.49 x | 2.34 x | 3.59 x | 2.72 x | - | 3.74 x | 3.19 x | - |
| Nbr of stocks (in thousands) | 16,648 | 16,727 | 16,870 | 16,601 | 16,710 | 16,739 | - | - |
| Reference price 2 | 32.59 | 60.10 | 110.6 | 92.07 | 144.6 | 168.2 | 168.2 | 168.2 |
| Announcement Date | 3/4/20 | 3/3/21 | 2/23/22 | 2/22/23 | 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 | 2,071 | 2,247 | 2,498 | 3,009 | 3,644 | 3,914 | 4,164 | 4,497 |
| EBITDA 1 | 101.2 | 132.4 | 164.2 | 175.8 | 188.2 | 218.4 | 258.9 | 311.5 |
| EBIT 1 | 57.18 | 86.54 | 118.6 | 114.9 | 129.1 | 156.6 | 194.8 | 250.6 |
| Operating Margin | 2.76% | 3.85% | 4.75% | 3.82% | 3.54% | 4% | 4.68% | 5.57% |
| Earnings before Tax (EBT) 1 | 50.44 | 81.38 | 116.3 | 114.2 | 125 | 152.2 | 190.7 | - |
| Net income 1 | 37.69 | 58.76 | 85.01 | 83.38 | 90.99 | 108.2 | 132.5 | - |
| Net margin | 1.82% | 2.61% | 3.4% | 2.77% | 2.5% | 2.76% | 3.18% | - |
| EPS 2 | 2.260 | 3.480 | 4.950 | 4.910 | 5.400 | 6.412 | 7.838 | - |
| Free Cash Flow 1 | 7.071 | 130.8 | 84.87 | 90.43 | - | 88.52 | 107.4 | - |
| FCF margin | 0.34% | 5.82% | 3.4% | 3.01% | - | 2.26% | 2.58% | - |
| FCF Conversion (EBITDA) | 6.99% | 98.81% | 51.67% | 51.45% | - | 40.53% | 41.47% | - |
| FCF Conversion (Net income) | 18.76% | 222.62% | 99.83% | 108.45% | - | 81.81% | 81.03% | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 3/3/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 610.2 | 646 | 636.6 | 708.1 | 799.8 | 864 | 811.6 | 888.6 | 939.5 | 1,004 | 854.1 | 952.1 | 1,023 | 1,085 | 885.3 |
| EBITDA 1 | 42.31 | 41.4 | 39.56 | 43.91 | 40.3 | 51.98 | 41.32 | 47.06 | 46.98 | 52.83 | 41.42 | 49.42 | 60.34 | 67.06 | 50.43 |
| EBIT 1 | 30.95 | 30.53 | 24.9 | 26.24 | 26.98 | 36.78 | 27.43 | 32.44 | 32.03 | 37.2 | 26.24 | 34.2 | 44.85 | 51.31 | 34.13 |
| Operating Margin | 5.07% | 4.73% | 3.91% | 3.71% | 3.37% | 4.26% | 3.38% | 3.65% | 3.41% | 3.7% | 3.07% | 3.59% | 4.38% | 4.73% | 3.86% |
| Earnings before Tax (EBT) 1 | 30.74 | 29.5 | 24.44 | 27.88 | 26.11 | 35.77 | 27.07 | 31.6 | 30.84 | 35.49 | 25.23 | 33.1 | 43.41 | 50.52 | 32.66 |
| Net income 1 | 23.17 | 20.69 | 20.69 | 19.68 | 18.44 | 24.57 | 23.16 | 22.27 | 21.51 | 24.04 | 19.35 | 23.22 | 30.52 | 35.13 | 25.51 |
| Net margin | 3.8% | 3.2% | 3.25% | 2.78% | 2.3% | 2.84% | 2.85% | 2.51% | 2.29% | 2.39% | 2.27% | 2.44% | 2.98% | 3.24% | 2.88% |
| EPS 2 | 1.350 | 1.200 | 1.210 | 1.150 | 1.090 | 1.460 | 1.380 | 1.330 | 1.280 | 1.430 | 1.148 | 1.376 | 1.810 | 2.080 | 1.577 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/27/21 | 2/23/22 | 4/27/22 | 7/27/22 | 10/26/22 | 2/22/23 | 4/26/23 | 7/26/23 | 10/25/23 | 2/28/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 2.37 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 78.6 | 15.6 | - | 86.7 | 224 | - |
| Leverage (Debt/EBITDA) | - | 0.0179 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 7.07 | 131 | 84.9 | 90.4 | - | 88.5 | 107 | - |
| ROE (net income / shareholders' equity) | - | 14.8% | 17.9% | 15.5% | - | 14.9% | 15.9% | - |
| ROA (Net income/ Total Assets) | - | 5.86% | 8.03% | 6.62% | - | 6.5% | 7% | - |
| Assets 1 | - | 1,003 | 1,059 | 1,260 | - | 1,665 | 1,893 | - |
| Book Value Per Share 2 | 21.90 | 25.70 | 30.80 | 33.80 | - | 44.90 | 52.60 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 57.8 | 44.4 | 52.4 | 77.1 | - | 89.3 | 94.5 | - |
| Capex / Sales | 2.79% | 1.97% | 2.1% | 2.56% | - | 2.28% | 2.27% | - |
| Announcement Date | 3/4/20 | 3/3/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
168.2
USD
Average target price
180.5
USD
Spread / Average Target
+7.34%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.27% | 2.81B | |
| +17.59% | 6.94B | |
| -13.46% | 1.38B | |
| +45.45% | 682M | |
| +52.77% | 472M | |
| -30.48% | 338M | |
| -10.24% | 317M | |
| +24.81% | 208M | |
| +3.57% | 202M | |
| +9.04% | 84.92M |
- Stock Market
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- MYRG Stock
- Financials MYR Group Inc.
