Atlas Technical Consultants, Inc.

NasdaqGM:ATCX Voorraadrapport

Marktkapitalisatie: 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 Beheer

Beheer criteriumcontroles 4/4

Belangrijke informatie

Joe Boyer

Algemeen directeur

US$2.5m

Totale compensatie

Percentage CEO-salaris24.83%
Dienstverband CEO5.5yrs
Eigendom CEO2.0%
Management gemiddelde ambtstermijn2.5yrs
Gemiddelde ambtstermijn bestuur3.2yrs

Recente managementupdates

Recent updates

Analyseartikel • 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.
Analyseartikel • 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.
Analyseartikel • 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...
Analyseartikel • 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...
Analyseartikel • 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.
Analyseartikel • 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...

Analyse CEO-vergoeding

Hoe is Joe Boyer's beloning veranderd ten opzichte van Atlas Technical Consultants's winst?
DatumTotale vergoedingSalarisBedrijfswinsten
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

Compensatie versus markt: De totale vergoeding ($USD 2.46M ) Joe } is ongeveer het gemiddelde voor bedrijven van vergelijkbare omvang in de US markt ($USD 2.45M ).

Compensatie versus inkomsten: De vergoeding van Joe is het afgelopen jaar in lijn geweest met de bedrijfsprestaties.

CEO

Joe Boyer (58 yo)

5.5yrs
Tenure
US$2,464,132
Compensatie

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...

Leiderschapsteam

NaamPositieTenureCompensatieEigendom
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 Officer2.5yrsgeen gegevensgeen gegevens
John Mollere
Chief Administrative Officer4.3yrsgeen gegevens0.037%
$ 179.7k
Jonathan Parnell
Chief Strategy Officer2.2yrsUS$974.54k0.32%
$ 1.5m
Jamie Myers
Chief Diversity Officer2.1yrsgeen gegevensgeen gegevens
Harshal Desai
Chief Growth Officerless than a yeargeen gegevens0.0048%
$ 23.4k
2.5yrs
Gemiddelde duur
50.5yo
Gemiddelde leeftijd

Ervaren management: Het managementteam van ATCX wordt beschouwd als ervaren (gemiddelde ambtstermijn 2.5 jaar).

Bestuursleden

NaamPositieTenureCompensatieEigendom
Brian Ferraioli
Independent Chairman3.2yrsUS$300.00k0.22%
$ 1.1m
L. Boyer
CEO & Director3.2yrsUS$2.46m2.04%
$ 9.9m
Thomas Henley
Independent Director3.1yrsgeen gegevensgeen gegevens
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$155.00kgeen gegevens
Collis Temple
Independent Director2yrsUS$155.00k0%
$ 0
3.2yrs
Gemiddelde duur
57.5yo
Gemiddelde leeftijd

Ervaren bestuur: De raad van bestuur van ATCX wordt beschouwd als ervaren (gemiddelde ambtstermijn 3.2 jaar).

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2023/04/20 15:32
Aandelenkoers aan het einde van de dag2023/04/18 00:00
Inkomsten2022/12/30
Jaarlijkse inkomsten2022/12/30

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina, we hebben ook handleidingen over hoe u onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Atlas Technical Consultants, Inc. wordt gevolgd door 5 analisten. 3 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Robert LabickCJS Securities, Inc.
Brent ThielmanD.A. Davidson & Co.
Donald CristJohnson Rice & Company, L.L.C.