Atlas Technical Consultants, Inc.

Report azionario NasdaqGM:ATCX

Capitalizzazione di mercato: US$486.6m

This company has been acquired

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

Atlas Technical Consultants Gestione

Criteri Gestione verificati 4/4

Informazioni chiave

Joe Boyer

Amministratore delegato

US$2.5m

Compenso totale

Percentuale dello stipendio del CEO24.83%
Mandato del CEO5.5yrs
Proprietà del CEO2.0%
Durata media del management2.5yrs
Durata media del Consiglio di amministrazione3.2yrs

Aggiornamenti recenti sulla gestione

Recent updates

Articolo di analisi • Nov 18

We Like These Underlying Return On Capital Trends At Atlas Technical Consultants (NASDAQ:ATCX)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Seeking Alpha • Oct 10

Atlas Technical Consultants: An Intermediary To Benefit From Infrastructure Spending

Summary Atlas Technical Consultants is a potential beneficiary of several public spending and private ESG initiatives. The company has a record-high backlog and an impressive growth history. Atlas is slightly lower valued than the peer group. The high debt load places a temporary cap on share price appreciation. The company operates in attractive and asset-light niche positions and its pricing model allows it to pass on inflationary pressures to its customers. The industry is fragmented and the company is pursuing growth through acquisitions. Atlas Technical Consultants (ATCX) is a niche provider of technical consultation services for private and public organizations. It's one of the beneficiaries of increasing public spending on infrastructure and ESG initiatives. Technical consultation provides an asset-light exposure to infrastructure sector without many of the risks and downsides involved with infrastructure investments. The company has delivered an impressive 17% CAGR of gross revenue and 57% CAGR of adjusted EBITDA since 2017. In Q2 the gross revenue grew 19% and organic growth was 8%. Adjusted EBITDA grew 16.7%. Currently, the company has a record-high backlog and several recent acquisitions to boost its revenue and EBITDA. The company has come into existence through a merger of several companies, SPAC-listing and combination of numerous acquisitions. This has resulted in a high debt load muting its revenue and EBITDA growth. If Atlas accomplishes to duplicate its successful integration of acquisitions there’s a path to deleverage and share price appreciation. Company overview Atlas strives to be, in its own words, a leading national provider of mission-critical technical services to both infrastructure and environmental markets. The company offers testing, inspection and certification services, environmental services, engineering and design, management of construction projects. In 2021 Atlas had a revenue of $538 million and projects to reach $580-$620 million in the current year. Business segments of Atlas. (Investor presentation.) Atlas was created in 2017 by a combination of three engineering companies. In February 2020 the company was listed on NASDAQ through a SPAC by Boxwood Merger Corporation. Today Atlas operates in 43 states and employs more than 3600 people. Some of its 10,000 customers are blue chip companies such as Apple (AAPL), Chevron (CVX) and Google (GOOG) (GOOGL) and plenty of different governmental agencies. All the Acts providing tailwind The bullish thesis lays on top of the underlying fundamental trends. The U.S. government is heavily boosting investments into areas where Atlas operates. Bipartisan Infrastructure Law, Inflation Reduction Act and Infrastructure Investment and Jobs Act are all boosting demand for Atlas’ services. The management expects their impact to be visible in 2023. Already, the company has a record-high backlog of $855 million. In 2021 the company performed approximately 40,500 projects, with average revenue per project of $10,000. Increasingly, the company has been reporting on larger project awards that encourages to think that the larger scale has its benefits. A significant proportion of Atlas’ business is mandatory or required to be performed by different regulations: bridges need to be inspected, construction sites require supervision and water networks require monitoring. Data by YCharts The pricing model of Atlas provides protection from inflation. 90% of its revenue comes from cost-plus contracts or the customer is charged based on the time and materials spent on the project. Naturally, the highest risk comes from wage inflation. One fifth of the revenues is spent on subcontractor costs, which are not under full control of the company. This year Atlas has made three acquisitions. The company is acquiring customer relationships, personnel, expertise and access to new geographies. The industry is fragmented which ensures that Atlas will have a long runway for acquisitions. Growing the company organically would be extremely slow. There are some synergies, the company had 145 offices at the end of 2021 and 124 offices in the Q2. Most importantly, widening service offering and access to new customers enables the company to cross-sell new offerings to existing customers. The company promotes the acquisition of Alta Vista as a success story. According to the investor presentation the first year after the acquisition delivered 26% revenue growth and 200% EBITDA growth. If the company accomplishes to repeat the performance with other acquisitions, there is a great likelihood for fast fading of the bear thesis. Debt load acts as a price cap Due to its financing position, Atlas is promoting adjusted EBITDA and EPS figures. Looking at the EBITDA hides the unpleasant fact that the company spends nearly 8% of its gross revenue on interest expenses. Atlas has close to $500 million of long-term debt. The capital structure of the company is not an optimal one in the rising interest rate environment. Since 2020 the amount of debt has doubled and simultaneously the amount of shares outstanding has more than doubled. Although the operating income has also doubled, the interest expenses ($39.6 million) are higher than the operating income ($27.6 million) and cash flow from operating activities ($29.1 million). As a result, from increasing indebtedness and share issuance, the enterprise value has more than tripled. Data by YCharts In the second quarter, the company’s operating income was $10.5 million versus interest expenses of $11.8 million. Excluding the depreciation and amortization of $8.3 million, the business generated some cash. Compared to the year before, operating income plus D&A was barely higher than interest expense. Fortunately, the financial situation is quickly improving. Atlas income statement Q2 and H1 2022. (10-Q) Pursuing an aggressive path to deleveraging our balance sheet and improving our overall capital structure remains a top priority for Atlas, and we’re continually looking for avenues to do so. Consistent with this, on June 1st, we entered into an interest rate hedge agreement with JPMorgan Chase, which caps the variable portion of our interest rate to 3%. This agreement eliminates the uncertainty of extreme downside risk in a rising interest rate environment. -David Quinn, Q2 earnings call
Seeking Alpha • Aug 16

Atlas Technical Consultants secures $26M CE&I contract with Georgia DOT

Atlas Technical Consultants (NASDAQ:ATCX) said Tuesday that it has been awarded a three-year, $26M contract with the Georgia Department of Transportation to provide Construction Engineering and Inspection, CE&I, services for the Georgia Department of Transportation's, Georgia DOT, Southeastern District. Under the three-year contract, Atlas will provide all CE&I services including contract administration, inspection, and materials sampling and testing for the construction projects for the Southeastern District. Per the terms, Atlas will provide Georgia DOT a dedicated team of full-time employees ranging from Projects Engineers, Bridge Inspectors, Senior Inspectors, and Inspectors to Advanced Transportation Management Systems /Signal Inspectors, Critical Path Method Schedule Reviewers, and Compliance Officers.
Articolo di analisi • Aug 11

Atlas Technical Consultants (NASDAQ:ATCX) Shareholders Will Want The ROCE Trajectory To Continue

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Seeking Alpha • Aug 09

Atlas Technical Consultants Non-GAAP EPS of $0.12 beats by $0.05, revenue of $156.5M beats by $8.43M

Atlas Technical Consultants press release (NASDAQ:ATCX): Q2 Non-GAAP EPS of $0.12 beats by $0.05. Revenue of $156.5M (+18.9% Y/Y) beats by $8.43M.
Seeking Alpha • Jul 13

Atlas Technical secures $6.5M program, project management contract

Atlas Technical Consultants (NASDAQ:ATCX) has been reselected for a six-year, $6.5M contract to provide program management services for the Cobb County PARKS 2022 Special Purpose Local Option Sales Tax , SPLOST, Program. The 2022 SPLOST is projected to collect $52.2M over the life of the program which will fund improvements to existing parks and the development of new parks in the County. The 2022 SPLOST program is the third consecutive SPLOST program that Atlas will manage for Cobb County PARKS. The contract extends Atlas' long-standing partnership with the County.
Seeking Alpha • Jul 05

Atlas Technical Consultants secures $18M contract by Caltrans

Atlas Technical Consultants (NASDAQ:ATCX) has secured a three-year, $18M Architectural and Engineering on-call Quality Assurance and Inspection Services contract with the California Department of Transportation (Caltrans) in various counties in Southern California. Per the terms, Atlas will support Caltrans Division of Engineering Services, Material Engineering and Testing Services (METS) on all capital projects in various counties in Southern California. The firm will be the trusted partner on these transportation projects to provide specialty materials engineering and source inspections to ensure quality and delivery of these key projects.
Articolo di analisi • May 11

A Look At The Intrinsic Value Of Atlas Technical Consultants, Inc. (NASDAQ:ATCX)

Today we will run through one way of estimating the intrinsic value of Atlas Technical Consultants, Inc. ( NASDAQ:ATCX...
Articolo di analisi • Mar 19

Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a good week for Atlas Technical Consultants, Inc. ( NASDAQ:ATCX ) shareholders, because the company has just...
Articolo di analisi • Feb 19

Returns On Capital At Atlas Technical Consultants (NASDAQ:ATCX) Paint A Concerning Picture

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Seeking Alpha • Dec 15

Atlas Technical: Insiders Maintain Market Is Wrong

Strong insider buying has come to the fore recently in Atlas. The backlog rose to a record level in Q3. Market though is waiting for a clear line of sight to sustain profitability despite increasing sales. Hitting estimates over the next two quarters remains crucial.
Articolo di analisi • Dec 15

An Intrinsic Calculation For Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Suggests It's 47% Undervalued

In this article we are going to estimate the intrinsic value of Atlas Technical Consultants, Inc. ( NASDAQ:ATCX ) by...

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Joe Boyer rispetto agli utili di Atlas Technical Consultants?
DataCompenso totaleStipendioUtili della società
Dec 30 2022US$2mUS$612k

-US$8m

Sep 30 2022n/an/a

-US$11m

Jul 01 2022n/an/a

-US$15m

Apr 01 2022n/an/a

-US$18m

Dec 31 2021US$4mUS$583k

-US$22m

Oct 01 2021n/an/a

-US$39m

Jul 02 2021n/an/a

-US$38m

Apr 02 2021n/an/a

-US$34m

Dec 31 2020US$2mUS$536k

-US$27m

Sep 30 2020n/an/a

-US$8m

Jun 30 2020n/an/a

US$1m

Mar 31 2020n/an/a

US$6m

Dec 31 2019US$3mUS$500k

US$8m

Sep 30 2019n/an/a

US$13m

Jun 30 2019n/an/a

US$14m

Mar 31 2019n/an/a

US$11m

Dec 31 2018US$810kUS$400k

US$12m

Compensazione vs Mercato: La retribuzione totale di Joe ($USD 2.46M ) è circa la media per le aziende di dimensioni simili nel mercato US ($USD 2.65M ).

Compensazione vs guadagni: La retribuzione di Joe è stata coerente con le performance aziendali dell'ultimo anno.

AMMINISTRATORE DELEGATO

Joe Boyer (58 yo)

5.5yrs
Mandato
US$2,464,132
Compensazione

Mr. L. Joseph Boyer, also known as Joe, has been the Chief Executive Officer at Atlas Technical Consultants, Inc. since October 2017 and serves as its Director since February 2020. Mr. Boyer served as the...

Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
Brian Ferraioli
Independent Chairman3.2yrsUS$300.00k0.22%
$ 1.1m
L. Boyer
CEO & Director5.5yrsUS$2.46m2.04%
$ 9.9m
David Quinn
Chief Financial Officer2.9yrsUS$1.11m0.28%
$ 1.4m
Kenneth Burns
Chief Operating Officer1.8yrsUS$1.08m0.046%
$ 222.8k
Walter Powell
Chief Accounting Officer2.9yrsUS$1.63m0.81%
$ 3.9m
Britni Aucoin
Chief Information Officer2.5yrsNessun datoNessun dato
John Mollere
Chief Administrative Officer4.3yrsNessun dato0.037%
$ 179.7k
Jonathan Parnell
Chief Strategy Officer2.2yrsUS$974.54k0.32%
$ 1.5m
Jamie Myers
Chief Diversity Officer2.1yrsNessun datoNessun dato
Harshal Desai
Chief Growth Officerless than a yearNessun dato0.0048%
$ 23.4k
2.5yrs
Durata media
50.5yo
Età media

Gestione esperta: Il team dirigenziale di ATCX è considerato esperto (durata media dell'incarico 2.5 anni).

Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
Brian Ferraioli
Independent Chairman3.2yrsUS$300.00k0.22%
$ 1.1m
L. Boyer
CEO & Director3.2yrsUS$2.46m2.04%
$ 9.9m
Thomas Henley
Independent Director3.1yrsNessun datoNessun dato
Daniel Weiss
Independent Director3.2yrsUS$165.00k0.076%
$ 369.3k
Richard Duncan
Independent Director3.2yrsUS$165.00k0.072%
$ 350.1k
Leonard Lemoine
Independent Director3.2yrsUS$155.00k0.24%
$ 1.2m
Raquel Richmond
Independent Director2.4yrsUS$155.00kNessun dato
Collis Temple
Independent Director2yrsUS$155.00k0%
$ 0
3.2yrs
Durata media
57.5yo
Età media

Consiglio di amministrazione esperto: I membri del consiglio di amministrazione di ATCX sono considerati esperti (durata media dell'incarico 3.2 anni).

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2023/04/20 23:27
Prezzo dell'azione a fine giornata2023/04/18 00:00
Utili2022/12/30
Utili annuali2022/12/30

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; abbiamo anche guide su come utilizzare i nostri report e 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

Atlas Technical Consultants, Inc. è coperta da 5 analisti. 3 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
Robert LabickCJS Securities, Inc.
Brent ThielmanD.A. Davidson & Co.
Donald CristJohnson Rice & Company, L.L.C.