Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. More Details
Very undervalued with solid track record.
Share Price & News
How has Primoris Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRIM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PRIM's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PRIM underperformed the US Construction industry which returned 90% over the past year.
Return vs Market: PRIM exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Primoris Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StWe Think Primoris Services (NASDAQ:PRIM) Can Stay On Top Of Its Debt
3 weeks ago | Simply Wall StWill Weakness in Primoris Services Corporation's (NASDAQ:PRIM) Stock Prove Temporary Given Strong Fundamentals?
1 month ago | Simply Wall StWho Has Been Selling Primoris Services Corporation (NASDAQ:PRIM) Shares?
Is Primoris Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRIM ($29.9) is trading below our estimate of fair value ($37.62)
Significantly Below Fair Value: PRIM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRIM is good value based on its PE Ratio (12.7x) compared to the US Construction industry average (22.2x).
PE vs Market: PRIM is good value based on its PE Ratio (12.7x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: PRIM is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: PRIM is good value based on its PB Ratio (1.8x) compared to the US Construction industry average (2.6x).
How is Primoris Services forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PRIM's forecast earnings growth (15.4% per year) is above the savings rate (2%).
Earnings vs Market: PRIM's earnings (15.4% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: PRIM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PRIM's revenue (6% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: PRIM's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PRIM's Return on Equity is forecast to be low in 3 years time (13.7%).
How has Primoris Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRIM has high quality earnings.
Growing Profit Margin: PRIM's current net profit margins (3.2%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: PRIM's earnings have grown significantly by 23.1% per year over the past 5 years.
Accelerating Growth: PRIM's earnings growth over the past year (49.5%) exceeds its 5-year average (23.1% per year).
Earnings vs Industry: PRIM earnings growth over the past year (49.5%) exceeded the Construction industry 26.7%.
Return on Equity
High ROE: PRIM's Return on Equity (12.7%) is considered low.
How is Primoris Services's financial position?
Financial Position Analysis
Short Term Liabilities: PRIM's short term assets ($1.1B) exceed its short term liabilities ($796.8M).
Long Term Liabilities: PRIM's short term assets ($1.1B) exceed its long term liabilities ($817.3M).
Debt to Equity History and Analysis
Debt Level: PRIM's debt to equity ratio (73.4%) is considered high.
Reducing Debt: PRIM's debt to equity ratio has increased from 54% to 73.4% over the past 5 years.
Debt Coverage: PRIM's debt is well covered by operating cash flow (49.1%).
Interest Coverage: PRIM's interest payments on its debt are well covered by EBIT (12.1x coverage).
What is Primoris Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRIM's dividend (0.8%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: PRIM's dividend (0.8%) is low compared to the top 25% of dividend payers in the US market (3.54%).
Stability and Growth of Payments
Stable Dividend: PRIM's dividends per share have been stable in the past 10 years.
Growing Dividend: PRIM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.2%), PRIM's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PRIM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom McCormick (59 yo)
Mr. Thomas E. McCormick, also known as Tom, has been the Chief Executive Officer and President of Primoris Services Corporation since November 4, 2019 and April 1, 2019 respectively and serves as its Direc...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD2.15M) is below average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
Experienced Management: PRIM's management team is considered experienced (2.8 years average tenure).
Experienced Board: PRIM's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.3%.
Primoris Services Corporation's company bio, employee growth, exchange listings and data sources
- Name: Primoris Services Corporation
- Ticker: PRIM
- Exchange: NasdaqGS
- Founded: 1960
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: US$1.606b
- Shares outstanding: 53.72m
- Website: https://www.primoriscorp.com
Number of Employees
- Primoris Services Corporation
- 2300 North Field Street
- Suite 1900
- United States
Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 00:07|
|End of Day Share Price||2021/07/30 00:00|
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.