-1.50%
-25.51%
-26.87%
13.59%
-28.74%
27.06%
309.72%
AI Spotlight on MYRG
Company Description
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada.It operates in two segments, Transmission and Distribution, and Commercial and Industrial.The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages.
This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors.The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems.This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers.
The company was founded in 1891 and is headquartered in Henderson, Colorado.
Market Data
| Last Price | 116.77 |
| Change Percentage | -1.50% |
| Open | 118.37 |
| Previous Close | 118.55 |
| Market Cap ( Millions) | 1883 |
| Volume | 2126 |
| Year High | 181.02 |
| Year Low | 86.6 |
| M A 50 | 146.74 |
| M A 200 | 133.63 |
Financial Ratios
| FCF Yield | 1.28% |
| Dividend Yield | 0.00% |
| ROE | 6.05% |
| Debt / Equity | 23.34% |
| Net Debt / EBIDTA | 105.40% |
| Price To Book | 3.23 |
| Price Earnings Ratio | 49.58 |
| Price To FCF | 78.31 |
| Price To sales | 0.53 |
| EV / EBITDA | 16.35 |
News
- Feb -19 - MYR Group Inc. to Participate in Sidoti Small-Cap Virtual Conference in March
- Feb -12 - MYR Group Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule
- Feb -11 - MYR Group Inc. to Attend Cantor Global Technology Conference in March
- Dec -09 - MYR Group Inc. to Attend Goldman Sachs Energy, CleanTech & Utilities Conference in January
- Nov -13 - MYR Group Inc. to Participate in Oppenheimer Midwest Virtual Summit Investor Conference in December
- Nov -07 - MYR Group Inc. to Attend Janney Annual Clean Energy Investment Symposium Investor Conference in December
- Nov -06 - MYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in December
- Oct -31 - MYR Group Inc (MYRG) Q3 2024 Earnings Call Transcript
- Oct -30 - MYR Group (MYRG) Q3 Earnings Top Estimates
- Oct -30 - MYR Group Inc. Announces Third-Quarter and First Nine-Months 2024 Results
- Oct -23 - MYR Group Inc. to Attend Stephens Annual Investment Conference in November
- Oct -16 - MYR Group Inc. Announces Third-Quarter 2024 Earnings Release and Conference Call Schedule
- Oct -11 - MYR Group Inc. to Attend Baird Global Industrial Investor Conference in November
- Oct -02 - MYR Group Is A Company For Our Times, But It's Not Now Time For The Stock
- Sep -06 - Is the Options Market Predicting a Spike in MYR Group (MYRG) Stock?
- Aug -04 - MYR Group Inc. (MYRG) Q2 2024 Earnings Call Transcript
- Jul -31 - MYR Group (MYRG) Reports Q2 Loss, Lags Revenue Estimates
- Jul -31 - MYR Group Inc. Announces Second-Quarter and First-Half 2024 Results
- Jul -24 - MYR Group (MYRG) Expected to Beat Earnings Estimates: Should You Buy?
- Jul -18 - Why MYR (MYRG) Could Beat Earnings Estimates Again
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Transmission and Distribution
Expected Growth : 6.5 %
What the company do ?
Transmission and Distribution from MYR Group Inc. refers to the construction and maintenance of high-voltage transmission lines, substations, and distribution systems that transport and deliver electricity from power plants to consumers.
Why we expect these perspectives ?
Transmission and Distribution segment of MYR Group Inc. grew 6.5% driven by increasing demand for electricity infrastructure, government investments in grid modernization, and rising renewable energy integration. Additionally, the company's strategic acquisitions and organic growth initiatives contributed to the segment's expansion.
Segment n°2 -> Commercial and Industrial
Expected Growth : 7.5 %
What the company do ?
Commercial and Industrial segment of MYR Group Inc. provides electrical construction services to commercial and industrial customers, including data centers, hospitals, and manufacturing facilities.
Why we expect these perspectives ?
MYR Group Inc.'s Commercial and Industrial segment growth of 7.5% is driven by increasing demand for electrical infrastructure, renewable energy projects, and data center construction. Additionally, the segment benefits from a strong backlog, strategic acquisitions, and a growing presence in the industrial and manufacturing sectors.
Myr Group Inc. Products
| Product Range | What is it ? |
|---|---|
| Transmission and Distribution Services | MYR Group Inc. provides transmission and distribution services, including the construction and maintenance of high-voltage transmission lines, substations, and distribution systems. |
| Substation Construction and Maintenance | MYR Group Inc. offers substation construction and maintenance services, including the design, installation, and maintenance of electrical substations. |
| Distribution Line Construction and Maintenance | MYR Group Inc. provides distribution line construction and maintenance services, including the installation and maintenance of overhead and underground distribution lines. |
| Transmission Line Construction and Maintenance | MYR Group Inc. offers transmission line construction and maintenance services, including the installation and maintenance of high-voltage transmission lines. |
| Electrical Testing and Commissioning | MYR Group Inc. provides electrical testing and commissioning services, including the testing and commissioning of electrical equipment and systems. |
| Storm Response and Restoration | MYR Group Inc. offers storm response and restoration services, including the restoration of electrical infrastructure damaged by severe weather events. |
MYR Group Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for MYR Group Inc. is medium due to the availability of alternative electrical construction services. While there are some substitutes, they are not highly attractive, and the company's strong brand and reputation help to mitigate the threat.
Bargaining Power Of Customers
The bargaining power of customers for MYR Group Inc. is low due to the company's strong relationships with its clients and its ability to provide customized solutions. This reduces the customers' ability to negotiate prices or demand better services.
Bargaining Power Of Suppliers
The bargaining power of suppliers for MYR Group Inc. is medium due to the company's dependence on a few key suppliers for materials and equipment. While the company has some negotiating power, the suppliers also have some bargaining power due to the specialized nature of the products.
Threat Of New Entrants
The threat of new entrants for MYR Group Inc. is low due to the high barriers to entry in the electrical construction industry. The company's strong brand, reputation, and expertise also make it difficult for new entrants to compete.
Intensity Of Rivalry
The intensity of rivalry for MYR Group Inc. is high due to the competitive nature of the electrical construction industry. The company faces intense competition from established players, and the market is highly fragmented, leading to a high level of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 6.80% |
| Debt Cost | 9.22% |
| Equity Weight | 93.20% |
| Equity Cost | 9.42% |
| WACC | 9.41% |
| Leverage | 7.30% |
MYR Group Inc. : Quality Control
MYR Group Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| 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 … |
| ACM | AECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through … |
| ROAD | Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides … |
| 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 … |
| APG | APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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AECOM
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TopBuild
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Construction Partners
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Dycom Industries
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API Group
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