NasdaqGM:IESC

Stock Analysis Report

Executive Summary

IES Holdings, Inc. engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has IES Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IESC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

21.3%

IESC

6.7%

US Construction

9.4%

US Market


1 Year Return

10.4%

IESC

-20.5%

US Construction

-6.8%

US Market

Return vs Industry: IESC exceeded the US Construction industry which returned -20.5% over the past year.

Return vs Market: IESC exceeded the US Market which returned -6.8% over the past year.


Shareholder returns

IESCIndustryMarket
7 Day21.3%6.7%9.4%
30 Day-9.3%-7.8%-3.9%
90 Day-23.4%-25.7%-16.5%
1 Year10.4%10.4%-19.9%-20.5%-4.8%-6.8%
3 Year10.2%10.2%-17.6%-19.5%23.4%15.2%
5 Year128.9%128.9%-3.4%-7.0%41.3%25.7%

Price Volatility Vs. Market

How volatile is IES Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IES Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IESC ($19.89) is trading below our estimate of fair value ($75.75)

Significantly Below Fair Value: IESC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IESC is good value based on its PE Ratio (12.1x) compared to the Construction industry average (12.2x).

PE vs Market: IESC is good value based on its PE Ratio (12.1x) compared to the US market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IESC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IESC is overvalued based on its PB Ratio (1.7x) compared to the US Construction industry average (1.3x).


Next Steps

Future Growth

How is IES Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IES Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has IES Holdings performed over the past 5 years?

-6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IESC has high quality earnings.

Growing Profit Margin: IESC's current net profit margins (3.1%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: IESC's earnings have declined by -6.1% per year over the past 5 years.

Accelerating Growth: IESC's earnings growth over the past year (54%) exceeds its 5-year average (-6.1% per year).

Earnings vs Industry: IESC earnings growth over the past year (54%) exceeded the Construction industry 23.5%.


Return on Equity

High ROE: IESC's Return on Equity (13.6%) is considered low.


Next Steps

Financial Health

How is IES Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: IESC's short term assets ($289.7M) exceed its short term liabilities ($185.9M).

Long Term Liabilities: IESC's short term assets ($289.7M) exceed its long term liabilities ($26.2M).


Debt to Equity History and Analysis

Debt Level: IESC's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: IESC's debt to equity ratio has reduced from 6.8% to 0.1% over the past 5 years.

Debt Coverage: IESC's debt is well covered by operating cash flow (16021.9%).

Interest Coverage: IESC's interest payments on its debt are well covered by EBIT (28.6x coverage).


Balance Sheet


Next Steps

Dividend

What is IES Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IESC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IESC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IESC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IESC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IESC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Gary Matthews (61yo)

1.08s

Tenure

US$4,842,667

Compensation

Mr. Gary S. Matthews has been Chief Executive Officer and a Director of IES Holdings, Inc. since March 04, 2019. He served as Managing Director of Private Equity Morgan Stanley and was its Operating Partne ...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD4.84M) is above average for companies of similar size in the US market ($USD2.03M).

Compensation vs Earnings: Insufficient data to compare Gary's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Gary Matthews
CEO & Director1.08yrsUS$4.84m1.42% $6.0m
Tracy McLauchlin
Senior VP4.92yrsUS$1.39m0.25% $1.1m
Mary Newman
VP, General Counsel & Corporate Secretary0.17yrno datano data
William Albright
Vice President of Finance & Corporate Development7.67yrsno datano data
Harvey Hammock
Senior Vice President of Safetyno datano datano data
Brendan Brier
Chief Strategy Officer0.17yrno datano data
Dwayne Collier
President of IES Residential9yrsno datano data
Michael Rice
President of Infrastructure Solutionsno datano datano data
John Werner
President of IES Commercial & Industrial3.83yrsno datano data
Matt Simmes
President of IES Communications3.5yrsno datano data

3.7yrs

Average Tenure

Experienced Management: IESC's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gary Matthews
CEO & Director1.08yrsUS$4.84m1.42% $6.0m
Donald Luke
Independent Director14.58yrsUS$120.00k0.050% $209.1k
Joseph Dowling
Independent Director8.17yrsUS$111.74k0.25% $1.1m
David Gendell
Director8.17yrsUS$204.66k0.62% $2.6m
Jeffrey Gendell
Independent Chairman of the Board3.42yrsUS$105.00k0.54% $2.3m
Todd Cleveland
Independent Director3.17yrsUS$117.01k0.79% $3.3m
Joe Koshkin
Independent Director7.17yrsUS$132.50k0.19% $812.2k

7.2yrs

Average Tenure

60yo

Average Age

Experienced Board: IESC's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IESC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IES Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IES Holdings, Inc.
  • Ticker: IESC
  • Exchange: NasdaqGM
  • Founded: 1997
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: US$421.171m
  • Shares outstanding: 21.18m
  • Website: https://www.ies-co.com

Number of Employees


Location

  • IES Holdings, Inc.
  • 5433 Westheimer Road
  • Suite 500
  • Houston
  • Texas
  • 77056
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IESCNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMay 2006
45TDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2006

Biography

IES Holdings, Inc. engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities. Its Communications segment offers network infrastructure services for data centers and other mission critical environments. This segment designs, installs, and maintains network infrastructure for corporate, educational, financial, hospitality and healthcare building, e-commerce distribution center, and high-tech manufacturing facility industries, as well as colocation and managed hosting customers; designs and installs audio/visual, telephone, fire, wireless access, and intrusion alarm systems; and designs/builds, services, and maintains data network systems. Its Infrastructure Solutions segment maintains and repairs alternating and direct current electric motors and generators, and power generating and distribution equipment; manufactures custom-engineered metal enclosed bus duct solutions used in power distribution; manufactures custom commercial and industrial generator enclosures; manufactures, remanufactures, and repairs industrial lifting magnets; and maintains and repairs railroad main and auxiliary generators, main alternators, and traction motors. Its Residential segment offers electrical installations to single-family housing and multi-family apartments; and cable television installations to residential and light commercial applications, as well as installs residential solar power for new construction and existing residences. The company was formerly known as Integrated Electrical Services, Inc. and changed its name to IES Holdings, Inc. in May 2016. The company was founded in 1997 and is headquartered in Houston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 08:03
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.