Primoris Services Corporation

NasdaqGS:PRIM Stock Report

Mkt Cap: US$1.4b

We’ve recently updated our valuation analysis.

Primoris Services Valuation

Is PRIM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRIM?

Other financial metrics that can be useful for relative valuation.

PRIM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA10.7x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does PRIM's PE Ratio compare to its peers?

The above table shows the PE ratio for PRIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35x
MYRG MYR Group
20.9x15.5%US$1.7b
ROAD Construction Partners
71.5x39.5%US$1.5b
STRL Sterling Infrastructure
12.9x12.6%US$1.1b
GVA Granite Construction
34.8x49.7%US$1.9b
PRIM Primoris Services
11.6x12.8%US$1.4b

Price-To-Earnings vs Peers: PRIM is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (35x).


Price to Earnings Ratio vs Industry

How does PRIM's PE Ratio compare vs other companies in the US Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.5%
n/an/an/a

Price-To-Earnings vs Industry: PRIM is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US Construction industry average (24.4x)


Price to Earnings Ratio vs Fair Ratio

What is PRIM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRIM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: PRIM is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).


Share Price vs Fair Value

What is the Fair Price of PRIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRIM ($26.48) is trading above our estimate of fair value ($26.02)

Significantly Below Fair Value: PRIM is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PRIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$26.21
US$26.40
+0.7%
12.4%US$29.00US$20.00n/a5
Jan ’24US$21.94
US$26.40
+20.3%
12.4%US$29.00US$20.00n/a5
Dec ’23US$21.74
US$26.40
+21.4%
12.4%US$29.00US$20.00n/a5
Nov ’23US$20.58
US$27.33
+32.8%
16.3%US$32.00US$18.00n/a6
Oct ’23US$16.25
US$27.83
+71.3%
12.3%US$32.00US$21.00n/a6
Sep ’23US$20.15
US$28.33
+40.6%
13.8%US$33.00US$21.00n/a6
Aug ’23US$23.31
US$30.67
+31.6%
16.0%US$36.00US$21.00n/a6
Jul ’23US$21.93
US$30.67
+39.8%
16.0%US$36.00US$21.00n/a6
Jun ’23US$24.71
US$31.00
+25.5%
15.2%US$35.00US$21.00n/a6
May ’23US$23.18
US$32.00
+38.1%
13.0%US$37.00US$24.00n/a6
Apr ’23US$24.56
US$32.00
+30.3%
13.0%US$37.00US$24.00n/a6
Mar ’23US$23.12
US$33.83
+46.3%
14.2%US$38.00US$24.00n/a6
Feb ’23US$26.46
US$33.83
+27.9%
14.2%US$38.00US$24.00US$26.486
Jan ’23US$23.98
US$33.83
+41.1%
14.2%US$38.00US$24.00US$21.946
Dec ’22US$21.62
US$33.83
+56.5%
14.2%US$38.00US$24.00US$21.746
Nov ’22US$27.58
US$36.33
+31.7%
14.7%US$45.00US$27.00US$20.586
Oct ’22US$24.79
US$37.00
+49.3%
11.6%US$45.00US$31.00US$16.256
Sep ’22US$25.87
US$37.00
+43.0%
11.6%US$45.00US$31.00US$20.156
Aug ’22US$29.90
US$38.83
+29.9%
7.9%US$45.00US$35.00US$23.316
Jul ’22US$29.63
US$39.50
+33.3%
9.0%US$45.00US$35.00US$21.934
Jun ’22US$32.54
US$41.00
+26.0%
6.9%US$45.00US$39.00US$24.713
May ’22US$32.66
US$40.67
+24.5%
4.6%US$42.00US$38.00US$23.183
Apr ’22US$33.45
US$41.67
+24.6%
1.1%US$42.00US$41.00US$24.563
Mar ’22US$35.37
US$41.67
+17.8%
1.1%US$42.00US$41.00US$23.123
Feb ’22US$30.09
US$32.00
+6.3%
11.1%US$35.00US$27.00US$26.463

Analyst Forecast: Target price is lower than the current share price.


Discover undervalued companies