Infrastructure and Energy Alternatives, Inc.

Report azionario NasdaqCM:IEA

Capitalizzazione di mercato: US$667.0m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Infrastructure and Energy Alternatives Crescita futura

Criteri Future verificati 5/6

Informazioni chiave

70.0%

Tasso di crescita degli utili

51.02%

Tasso di crescita dell'EPS

Construction crescita degli utili24.6%
Tasso di crescita dei ricavi7.8%
Rendimento futuro del capitale proprio38.63%
Copertura analitica

Low

Ultimo aggiornamenton/a

Aggiornamenti recenti sulla crescita futura

Recent updates

Seeking Alpha • Jul 26

MasTec Acquires IEA: Turnaround Possible, But Not Right Now

Both MasTec and IEA are diversified engineering, procurement, and construction companies. However, IEA significantly increases MasTec’s exposure to renewable energy projects. Thanks to IEA, MasTec will gain some issues with profitability, but as I have discussed before, I believe IEA is set for a turnaround. Will it be worth holding on to MTZ shares? Introduction to Renewed Thesis I am a shareholder of Infrastructure and Energy Alternatives (IEA), and have written an article discussing how current profit weakness is an opportunity for value expansion upon improvement. Well, it seems that I am not the only one looking for a turnaround play, as another EPC MasTec (MTZ) has acquired IEA. The current 30% premium, or 50% above my prior article, is certainly a strong return, and came far sooner than expected. However, the share price has been weak for at least a year and a half, as the current buyout price is only a mild premium over my first coverage of IEA. I am thankful that I have recently added more shares on the weakness, an important way to trade cyclical companies. The questions now are: to sell IEA prior to the completion of the acquisition, or to hold on to the coming MasTec shares. It is an interesting thought experiment, and I see a few pros and cons to both sides of the coin. Unfortunately, MasTec does not have a strong balance sheet, and this acquisition is both draining all cash on hand, and is dilutive ($14 total share price, $10.50 funded in cash and $3.50 in shares/dilution). At the same time, we remain in a weak cycle for EPCs, especially as the effects of the infrastructure bill remain unseen. If investor sentiment changes over the next few quarters thanks to out-performance, MasTec’s similarly low valuation allows for shares to gain at a rapid clip. MasTec Acquisition Presentation MasTec’s new pro forma outlook has been presented, shown in the image below, and I believe that the new company will gain necessary diversification. MTZ has traditionally relied on communications and power delivery revenues, while IEA has seen far more growth from renewable energy projects. Now, the company will have more growth segments to rely on even if governmental negligence prevents full stimulus (while one bill has been passed, effects have yet to be seen but renewable projects may be at the fore). I believe that stimulus will be necessary to allow for a bullish outlook on MasTec due to financial weakness. MasTec The acquisition exacerbates two major issues: debt and profitability. IEA is known as having profitability issues, even as revenue growth has averaged over 50% per year for multiple years. Meanwhile, MasTec has tried hard to maintain positive net income, but this has come with debt and at the expense of growth. It is difficult to expect that current profitability will be maintained, and so, investors may sell-off as the company attempts to consolidate the joint businesses. While this may lead to an opportunity later on, the shares may be weak in the intermediate term. As you can see in the two charts below, management will have a lot of work to do to find synergies and increase profit margins. Perhaps economies of scale, internal supplier/client relationships, and other catalysts will allow for improvement. Unfortunately, more stimulus/favorable contracts will be necessary. Koyfin Koyfin Moving to balance sheet issues, we can see that MasTec is already significantly levered. Now, IEA will be adding a further $400 million in debt to the combined company, a total over $2.5 billion. The deal will also be dilutive, so look for MasTec’s share count to increase. Lastly, IEA’s current losses are greater than MTZ’s current FCF, so it is unknown whether the balance sheet will be improved moving forward. This uncertainty further lowers investor sentiment, and in turn, share price. This is why the MTZ is already down 6% after the announcement, and selling may continue. Koyfin Koyfin One of the few positives I can see is the cheap acquisition price, and the continued opportunity for the value to rise. While reliant on both companies seeing increases in profitability, the opportunity arises thanks to fiscal stimulus. Further, IEA has access to the important clean energy industry that remains in a secular growth cycle. As MasTec’s valuation reaches all-time lows, one should expect this poor cycle to end, and a positive one to begin. While leverage will continue to hamper the EV/EBITDA value, the P/S indicates that any changes in profitability has the ability to quickly bring the value above 1.0x. This would account for over 60% return, and may occur within a few years based on current guidance. However, in the short-term, I would wait for the valuation to continue falling, and prices below 0.5x P/S are historically better times to buy MTZ.
Seeking Alpha • Jun 28

Long IEA, Short REI: Renewable Energy Vs. Fossil Fuels, A Showdown

The most important, and economically viable, pair trade in the market is: short fossil fuels - long renewables. Yes, yes, please hear me out. Before you click away, I will address dilemmas and hindrances to my thesis, including governmental inefficiency, wasteful spending, and risky investment strategies. For this reason, I provide multiple hedges on both sides of the aisle in order to perform proper risk management. I do not look to persuade you into choosing one or the other, I am merely sharing my own ideology on the matter.
Articolo di analisi • Nov 25

Should You Think About Buying Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) Now?

Infrastructure and Energy Alternatives, Inc. ( NASDAQ:IEA ), is not the largest company out there, but it received a...
Articolo di analisi • May 07

Infrastructure and Energy Alternatives, Inc.'s (NASDAQ:IEA) CEO Compensation Is Looking A Bit Stretched At The Moment

Under the guidance of CEO JP Roehm, Infrastructure and Energy Alternatives, Inc. ( NASDAQ:IEA ) has performed...
Articolo di analisi • May 05

Estimating The Fair Value Of Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Infrastructure and...
Articolo di analisi • Apr 15

Infrastructure and Energy Alternatives, Inc.'s (NASDAQ:IEA) Has Found A Path To Profitability

With the business potentially at an important milestone, we thought we'd take a closer look at Infrastructure and...
Articolo di analisi • Mar 04

Should You Investigate Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) At US$15.63?

Infrastructure and Energy Alternatives, Inc. ( NASDAQ:IEA ), is not the largest company out there, but it received a...
Articolo di analisi • Jan 28

What Percentage Of Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) Shares Do Insiders Own?

The big shareholder groups in Infrastructure and Energy Alternatives, Inc. ( NASDAQ:IEA ) have power over the company...
Articolo di analisi • Jan 02

The Infrastructure and Energy Alternatives (NASDAQ:IEA) Share Price Is Up 383% And Shareholders Are Delighted

While stock picking isn't easy, for those willing to persist and learn, it is possible to buy shares in great...
Articolo di analisi • Dec 07

Are Infrastructure and Energy Alternatives's (NASDAQ:IEA) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Broadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...

Previsioni di crescita degli utili e dei ricavi

NasdaqCM:IEA - Stime future degli analisti e dati finanziari passati (USD Millions )
DataRicaviUtiliFlusso di cassa liberoLiquidità dell'operazioneAvg. Numero di analisti
12/31/20242,75292471221
12/31/20232,60962351062
12/31/20222,37750-7632
6/30/20222,283-78-103-79N/A
3/31/20222,162-91-67-36N/A
12/31/20212,078-85-41-11N/A
9/30/20211,926-11991118N/A
6/30/20211,751-1192111N/A
3/31/20211,671-96778N/A
12/31/20201,753-24858N/A
9/30/20201,881106976N/A
6/30/20201,781106876N/A
3/31/20201,628-93643N/A
12/31/20191,460-207380N/A
9/30/20191,216-66-47-40N/A
6/30/20191,073-68-49-42N/A
3/31/2019919-50-11-5N/A
12/31/2018779-444347N/A
9/30/2018622-51820N/A
6/30/2018521-13134N/A
3/31/2018453-23133N/A
12/31/201745517-11-9N/A
9/30/2017523513538N/A
12/31/2016603645154N/A
12/31/2015205-9N/A-6N/A

Previsioni di crescita futura degli analisti

Guadagni vs tasso di risparmio: Si prevede che IEA diventerà redditizio nei prossimi 3 anni, il che è considerato una crescita più rapida del tasso di risparmio ( 1.9% ).

Guadagni vs Mercato: Si prevede che IEA diventerà redditizia nei prossimi 3 anni, il che è considerato una crescita superiore alla media del mercato.

Guadagni ad alta crescita: Si prevede IEA diventerà redditizia nei prossimi 3 anni.

Ricavi vs Mercato: Si prevede che il fatturato di IEA ( 7.8% all'anno) crescerà più rapidamente del mercato US ( 12.7% all'anno).

Ricavi ad alta crescita: Si prevede che il fatturato di IEA ( 7.8% all'anno) crescerà più lentamente di 20% all'anno.

Previsioni di crescita dell'utile per azione

Rendimento futuro del capitale proprio

ROE futuro: Si prevede che il Return on Equity di IEA sarà elevato tra 3 anni ( 38.6 %)

Scoprire le aziende in crescita

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2022/10/07 22:10
Prezzo dell'azione a fine giornata2022/10/06 00:00
Utili2022/06/30
Utili annuali2021/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; disponiamo inoltre di guide su come utilizzare i nostri report e di tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Infrastructure and Energy Alternatives, Inc. è coperta da 5 analisti. 2 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Brent ThielmanD.A. Davidson & Co.
Shahriar PourrezaGuggenheim Securities, LLC
Paul PenneyNorthland Capital Markets