MYR Group Inc

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MYRG : NASDAQ : Industrial Goods
$27.31 up 0.54 | 2.02%
Today's Range: 26.03 - 27.55
Avg. Daily Volume: 89800.0
09/22/17 - 4:00 PM ET

Financial Analysis


MYR GROUP INC's gross profit margin for the second quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MYR GROUP INC has average liquidity. Currently, the Quick Ratio is 1.17 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 8.72% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)356.19261.93
EBITDA ($mil)11.9918.4
EBIT ($mil)2.288.63
Net Income ($mil)1.235.5


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)10.033.36
Total Assets ($mil)569.86471.68
Total Debt ($mil)49.2824.55
Equity ($mil)267.13245.69


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin10.3915.62
EBITDA Margin3.367.02
Operating Margin0.643.29
Sales Turnover2.252.24
Return on Assets2.874.14
Return on Equity6.127.95
Debt Q2 FY17 Q2 FY16
Current Ratio1.671.36
Debt/Capital0.160.09
Interest Expense0.590.24
Interest Coverage3.8435.64


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)16.4916.2
Div / share0.00.0
EPS0.070.31
Book value / share16.215.16
Institutional Own % n/a n/a
Avg Daily Volume96175.0116322.0

Valuation


HOLD. The current P/E ratio indicates a discount compared to an average of 28.06 for the Construction & Engineering industry and a premium compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 1.66 indicates a discount versus the S&P 500 average of 3.10 and a discount versus the industry average of 2.12. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, MYR GROUP INC proves to trade 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 27.20 Peers 28.06   MYRG 16.51 Peers 17.47

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.

 

Average. 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 valuation on par 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 17.15 Peers 21.41   MYRG NM Peers 1.06

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 1.66 Peers 2.12   MYRG 0.00 Peers 200.84

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

MYRG is trading at a discount to its peers.

 

Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

The growth rate for MYRG is not available.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MYRG 0.35 Peers 0.59   MYRG 21.44 Peers 10.17

Discount. 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 significant discount to 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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