Tetra Tech Inc.
Find Ratings ReportsTETRA TECH INC's gross profit margin for the first quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. TETRA TECH INC has average liquidity. Currently, the Quick Ratio is 1.14 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.
During the same period, stockholders' equity ("net worth") has increased by 16.14% 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 | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 1228.27 | 894.77 |
EBITDA ($mil) | 130.57 | 103.36 |
EBIT ($mil) | 111.08 | 96.74 |
Net Income ($mil) | 74.97 | 116.71 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 198.69 | 164.4 |
Total Assets ($mil) | 3950.82 | 2731.48 |
Total Debt ($mil) | 1152.95 | 460.39 |
Equity ($mil) | 1537.61 | 1323.91 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 17.1 | 17.87 |
EBITDA Margin | 10.63 | 11.55 |
Operating Margin | 9.04 | 10.81 |
Sales Turnover | 1.23 | 1.3 |
Return on Assets | 5.86 | 11.39 |
Return on Equity | 15.07 | 23.52 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 1.25 | 1.42 |
Debt/Capital | 0.43 | 0.26 |
Interest Expense | 9.61 | 2.67 |
Interest Coverage | 11.55 | 36.21 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 53.47 | 53.23 |
Div / share | 0.26 | 0.23 |
EPS | 1.4 | 2.18 |
Book value / share | 28.76 | 24.87 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 253986.0 | 317444.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 40.26 for the Professional, Scientific, and Technical Services subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 6.25 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 13.30. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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TTEK 41.60 | Peers 40.26 | TTEK 27.15 | Peers 33.12 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. TTEK 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. TTEK is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TTEK 26.16 | Peers 25.54 | TTEK 2.28 | Peers 6.56 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. TTEK is trading at a premium to its peers. |
Discount. 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. TTEK trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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TTEK 6.25 | Peers 13.30 | TTEK -25.52 | Peers 3.25 | |||||||||||||||||||||
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. TTEK is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, TTEK is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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TTEK 1.98 | Peers 4.53 | TTEK 37.16 | Peers 6.63 | |||||||||||||||||||||
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. TTEK is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. TTEK has a sales growth rate that significantly exceeds its peers. |
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