MYR Group Inc

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MYRG : NASDAQ : Industrial Goods
$28.94 | %
Today's Range: 28.89 - 29.52
Avg. Daily Volume: 152,900
08/26/16 - 4:00 PM ET

Financial Analysis


MYR GROUP INC's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the industry, the revenue growth did not. MYR GROUP INC has weak liquidity. Currently, the Quick Ratio is 0.96 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

At the same time, stockholders' equity ("net worth") has significantly decreased by 27.84% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)261.93276.49
EBITDA ($mil)18.422.46
EBIT ($mil)8.6313.11
Net Income ($mil)5.58.07


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)3.3646.88
Total Assets ($mil)471.68562.43
Total Debt ($mil)24.550.0
Equity ($mil)245.69340.5


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin15.6214.83
EBITDA Margin7.028.12
Operating Margin3.294.74
Sales Turnover2.241.81
Return on Assets4.146.71
Return on Equity7.9511.09
Debt Q2 FY16 Q2 FY15
Current Ratio1.361.72
Debt/Capital0.090.0
Interest Expense0.240.19
Interest Coverage35.6470.08


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)16.221.04
Div / share0.00.0
EPS0.310.38
Book value / share15.1616.18
Institutional Own % n/a n/a
Avg Daily Volume152652.0208470.0

Valuation


BUY. The current P/E ratio indicates a discount compared to an average of 32.56 for the Construction & Engineering industry and a premium compared to the S&P 500 average of 25.13. For additional comparison, its price-to-book ratio of 1.94 indicates a discount versus the S&P 500 average of 2.82 and a discount versus the industry average of 2.04. 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 29.68 Peers 32.56   MYRG 6.40 Peers 11.64

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 significant 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 19.52 Peers 16.33   MYRG NM Peers 2.46

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 1.94 Peers 2.04   MYRG -44.39 Peers 1.21

Average. 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 valuation on par with 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 0.45 Peers 0.56   MYRG 3.58 Peers -1.50

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 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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