Infrastructure and Energy Alternatives, Inc.

NasdaqCM:IEA 주식 리포트

시가총액: 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 향후 성장

Future 기준 점검 5/6

핵심 정보

70.0%

이익 성장률

51.02%

EPS 성장률

Construction 이익 성장25.4%
매출 성장률7.8%
향후 자기자본이익률38.63%
애널리스트 커버리지

Low

마지막 업데이트n/a

최근 향후 성장 업데이트

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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...

이익 및 매출 성장 예측

NasdaqCM:IEA - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
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

애널리스트 향후 성장 전망

수입 대 저축률: IEA 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.

수익 vs 시장: IEA (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.

고성장 수익: IEA 향후 3년 내에 수익을 낼 것으로 예상됩니다.

수익 대 시장: IEA 의 수익(연간 7.8%)이 US 시장(연간 12.6%)보다 빠르게 성장할 것으로 예상됩니다.

고성장 매출: IEA 의 수익(연간 7.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: IEA의 자본 수익률은 3년 후 38.6%로 높을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2022/10/07 21:52
종가2022/10/06 00:00
수익2022/06/30
연간 수익2021/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.

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산업 및 섹터 지표

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분석가 소스

Infrastructure and Energy Alternatives, Inc.는 5명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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