-0.71%
-10.79%
-17.66%
10.75%
66.50%
151.84%
244.39%
AI Spotlight on GVA
Company Description
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States.It operates through two segments, Construction and Materials segments.The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public.
It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies.The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects.The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties.
In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services.The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites.Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.
Market Data
| Last Price | 81.62 |
| Change Percentage | -0.71% |
| Open | 82.2 |
| Previous Close | 82.2 |
| Market Cap ( Millions) | 3545 |
| Volume | 531774 |
| Year High | 105.2 |
| Year Low | 49.26 |
| M A 50 | 89.67 |
| M A 200 | 78.12 |
Financial Ratios
| FCF Yield | 9.02% |
| Dividend Yield | 0.64% |
| ROE | 12.96% |
| Debt / Equity | 82.04% |
| Net Debt / EBIDTA | 68.56% |
| Price To Book | 3.51 |
| Price Earnings Ratio | 28.19 |
| Price To FCF | 11.08 |
| Price To sales | 0.88 |
| EV / EBITDA | 10.23 |
News
- Feb -13 - Granite Construction Incorporated (GVA) Q4 2024 Earnings Call Transcript
- Feb -13 - Granite Reports Fourth Quarter and Fiscal Year 2024 Results
- Feb -11 - Granite's $78 Million Road Congestion Relief Project in Anaheim, California
- Feb -07 - Outperforming Hennessy Fund Comanager Shares Favorite Stocks
- Feb -03 - Granite/Lehman-Roberts Leader Pat Nelson Elected 2025 NAPA Chairman
- Jan -30 - Granite Construction: Still Attractive On Growth And Margin Expansion
- Jan -29 - Granite Announces Timing of Earnings Release and Investor Conference Call
- Jan -24 - Granite Wins $88M Project From Caltrans, Boosts CAP Growth
- Jan -23 - Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California
- Jan -22 - Granite Wins $71M Fort Bliss Contract to Expand Rail Yard
- Jan -21 - Granite Announces $71 Million Rail Yard Expansion Project at Fort Bliss, Texas
- Jan -09 - Granite's Pat Kelly Elected President of AGC of California for 2025
- Dec -11 - Granite Declares Quarterly Dividend
- Dec -05 - Granite Named One of Newsweek's America's Most Responsible Companies for the Third Consecutive Year
- Nov -15 - Granite Construction: Infrastructure Spending And An Upgraded Business Model
- Nov -07 - Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona
- Oct -31 - Granite Construction Incorporated (GVA) Q3 2024 Earnings Call Transcript
- Oct -31 - Granite Reports Third Quarter 2024 Results
- Oct -29 - Granite's Southeast Home Market Expansion
- Oct -28 - Granite Construction: Still Cruising Higher
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Construction
Expected Growth : 5.8 %
What the company do ?
Granite Construction Incorporated is a US-based heavy civil contractor and construction company that specializes in infrastructure projects, including transportation, water, and mining.
Why we expect these perspectives ?
Granite Construction's 5.8% growth is driven by increasing infrastructure spending, rising demand for transportation and water infrastructure projects, and a strong backlog of large-scale projects. Additionally, the company's focus on sustainable construction practices and its ability to navigate supply chain disruptions have contributed to its growth momentum.
Segment n°2 -> Construction Materials
Expected Growth : 5.9 %
What the company do ?
Granite Construction Incorporated provides a range of construction materials, including aggregates, asphalt, and ready-mixed concrete, for infrastructure and building projects.
Why we expect these perspectives ?
Granite Construction Incorporated's 5.9% growth in Construction Materials is driven by increasing infrastructure spending, rising demand for aggregates in road construction, and growing adoption of sustainable building materials. Additionally, strategic acquisitions and expansion into new markets have contributed to the segment's growth.
Granite Construction Incorporated Products
| Product Range | What is it ? |
|---|---|
| Transportation Infrastructure | Granite Construction Incorporated provides infrastructure solutions for transportation systems, including highways, roads, bridges, and airports. |
| Water and Wastewater Treatment | Granite Construction Incorporated offers water and wastewater treatment solutions, including design, construction, and operation of treatment plants and distribution systems. |
| Mining and Industrial Services | Granite Construction Incorporated provides mining and industrial services, including mine development, infrastructure construction, and maintenance services. |
| Federal and Heavy Civil Construction | Granite Construction Incorporated offers federal and heavy civil construction services, including construction of military bases, dams, and other large-scale infrastructure projects. |
| Rail and Transit | Granite Construction Incorporated provides rail and transit solutions, including design, construction, and maintenance of rail lines, stations, and facilities. |
| Site Development and Management | Granite Construction Incorporated offers site development and management services, including land acquisition, entitlements, and project management. |
Granite Construction Incorporated's Porter Forces
Threat Of Substitutes
Granite Construction Incorporated operates in a highly competitive industry, and there are many substitutes available to customers. However, the company's strong brand reputation and high-quality services help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Granite Construction Incorporated has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong relationships with customers and its ability to provide customized solutions help to reduce the bargaining power of customers.
Bargaining Power Of Suppliers
Granite Construction Incorporated relies on a network of suppliers to provide materials and equipment. While the company has some bargaining power due to its size and scale, suppliers also have some bargaining power due to the specialized nature of the materials and equipment required.
Threat Of New Entrants
The construction industry has high barriers to entry, including significant capital requirements and regulatory hurdles. Additionally, Granite Construction Incorporated's strong brand reputation and established relationships with customers make it difficult for new entrants to gain traction.
Intensity Of Rivalry
The construction industry is highly competitive, with many established players competing for market share. Granite Construction Incorporated faces intense competition from other construction companies, which can lead to pricing pressure and reduced margins.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 40.73% |
| Debt Cost | 5.08% |
| Equity Weight | 59.27% |
| Equity Cost | 11.24% |
| WACC | 8.73% |
| Leverage | 68.71% |
Granite Construction Incorporated : Quality Control
Granite Construction Incorporated passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| STRL | Sterling Infrastructure, Inc. engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. … |
| PRIM | Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, … |
| DY | Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and … |
| BLD | TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building products to the construction industry. The company operates in two segments, Installation and … |
| TTEK | Tetra Tech, Inc. provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Granite Construction
A-Score
1-Year Total Return ->
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Sterling Infrastructure
A-Score
1-Year Total Return ->
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Primoris Services
A-Score
1-Year Total Return ->
4
TopBuild
A-Score
1-Year Total Return ->
5
Dycom Industries
A-Score
1-Year Total Return ->
6
