MYR Group Inc

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MYRG : NASDAQ : Industrial Goods
$36.84 -0.05 | -0.14%
Today's Range: 36.57 - 37.315
Avg. Daily Volume: 129200.0
01/19/17 - 4:00 PM ET

Financial Analysis


MYR GROUP INC's gross profit margin for the third quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased. MYR GROUP INC has average liquidity. Currently, the Quick Ratio is 1.01 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has significantly decreased by 27.12% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)283.26269.86
EBITDA ($mil)20.4219.26
EBIT ($mil)10.679.56
Net Income ($mil)6.156.18


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)0.5830.43
Total Assets ($mil)499.61559.71
Total Debt ($mil)38.560.0
Equity ($mil)248.67341.25


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin15.414.17
EBITDA Margin7.27.13
Operating Margin3.773.54
Sales Turnover2.141.86
Return on Assets3.96.35
Return on Equity7.8410.41
Debt Q3 FY16 Q3 FY15
Current Ratio1.441.74
Debt/Capital0.130.0
Interest Expense0.410.18
Interest Coverage26.1653.12


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)16.0720.81
Div / share0.00.0
EPS0.380.29
Book value / share15.4816.4
Institutional Own % n/a n/a
Avg Daily Volume126578.0125720.0

Valuation


BUY. The current P/E ratio indicates a discount compared to an average of 37.98 for the Construction & Engineering industry and a premium compared to the S&P 500 average of 25.49. Conducting a second comparison, its price-to-book ratio of 2.40 indicates a discount versus the S&P 500 average of 2.84 and a premium versus the industry average of 2.17. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. The valuation analysis reveals that, MYR GROUP INC seems to be trading at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MYRG 34.41 Peers 37.98   MYRG 8.93 Peers 11.78

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

MYRG is trading at a valuation on par with its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

MYRG is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MYRG 23.37 Peers 20.79   MYRG NM Peers 1.42

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

MYRG is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

MYRG's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MYRG 2.40 Peers 2.17   MYRG -35.72 Peers 24.31

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

MYRG is trading at a premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, MYRG is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MYRG 0.56 Peers 0.60   MYRG 2.73 Peers -0.33

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

MYRG is trading at a valuation on par with its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

MYRG has a sales growth rate that significantly exceeds its peers.

 

 

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