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EME

EMCOR GroupNYSE:EME Stock Report

Last Price

US$116.98

Market Cap

US$6.2b

7D

-6.2%

1Y

20.3%

Updated

21 Jan, 2022

Data

Company Financials +
EME fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

EME Stock Overview

EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services in the United States.

EMCOR Group Competitors

Quanta Services

NYSE:PWR

US$14.0b

AECOM

NYSE:ACM

US$9.8b

APi Group

NYSE:APG

US$5.2b

Comfort Systems USA

NYSE:FIX

US$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for EMCOR Group
Historical stock prices
Current Share PriceUS$116.98
52 Week HighUS$135.98
52 Week LowUS$87.36
Beta1.2
1 Month Change-6.01%
3 Month Change-3.43%
1 Year Change20.26%
3 Year Change81.62%
5 Year Change65.06%
Change since IPO5,749.00%

Recent News & Updates

Jan 19
EMCOR Group (NYSE:EME) Could Easily Take On More Debt

EMCOR Group (NYSE:EME) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Dec 28

EMCOR Group: Stance Unchanged

EMCOR Group has continued to show some improvements on both its top and bottom lines as of late. The company's prospects are likely favorable, but pricing is important in situations like this. While shares aren't cheap, they don't look pricey either, leading me to be only slightly bullish on the firm moving forward.

Nov 16
Returns On Capital Are Showing Encouraging Signs At EMCOR Group (NYSE:EME)

Returns On Capital Are Showing Encouraging Signs At EMCOR Group (NYSE:EME)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Oct 27
What Is EMCOR Group, Inc.'s (NYSE:EME) Share Price Doing?

What Is EMCOR Group, Inc.'s (NYSE:EME) Share Price Doing?

While EMCOR Group, Inc. ( NYSE:EME ) might not be the most widely known stock at the moment, it saw significant share...

Shareholder Returns

EMEUS ConstructionUS Market
7D-6.2%-8.1%-6.1%
1Y20.3%7.8%4.2%

Return vs Industry: EME exceeded the US Construction industry which returned 11.2% over the past year.

Return vs Market: EME exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is EME's price volatile compared to industry and market?
EME volatility
EME Average Weekly Movement4.3%
Construction Industry Average Movement5.8%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: EME is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EME's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198733,000Tony Guzzihttps://www.emcorgroup.com

EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services in the United States. The company offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, food processing, and mining industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; fire protection systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services. It also provides building services that cover commercial and government site-based operations and maintenance; facility management, maintenance, and services outage services to utilities and industrial plants; military base operations support services; mobile mechanical maintenance and services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal; other building services; vendor management; call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; and small modification and retrofit projects.

EMCOR Group Fundamentals Summary

How do EMCOR Group's earnings and revenue compare to its market cap?
EME fundamental statistics
Market CapUS$6.24b
Earnings (TTM)US$361.65m
Revenue (TTM)US$9.54b

17.3x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EME income statement (TTM)
RevenueUS$9.54b
Cost of RevenueUS$8.06b
Gross ProfitUS$1.48b
ExpensesUS$1.12b
EarningsUS$361.65m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.78
Gross Margin15.53%
Net Profit Margin3.79%
Debt/Equity Ratio12.5%

How did EME perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is EMCOR Group undervalued compared to its fair value and its price relative to the market?

17.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EME ($116.98) is trading above our estimate of fair value ($64.2)

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


Price To Earnings Ratio

PE vs Industry: EME is good value based on its PE Ratio (17.3x) compared to the US Construction industry average (25.8x).

PE vs Market: EME is poor value based on its PE Ratio (17.3x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: EME is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: EME is overvalued based on its PB Ratio (2.9x) compared to the US Construction industry average (2.3x).


Future Growth

How is EMCOR Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EME's forecast earnings growth (6.5% per year) is above the savings rate (2%).

Earnings vs Market: EME's earnings (6.5% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: EME's earnings are forecast to grow, but not significantly.

Revenue vs Market: EME's revenue (5% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: EME's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EME's Return on Equity is forecast to be low in 3 years time (16.2%).


Past Performance

How has EMCOR Group performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EME has high quality earnings.

Growing Profit Margin: EME's current net profit margins (3.8%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: EME's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: EME's earnings growth over the past year (158.2%) exceeds its 5-year average (4.1% per year).

Earnings vs Industry: EME earnings growth over the past year (158.2%) exceeded the Construction industry 17.9%.


Return on Equity

High ROE: EME's Return on Equity (16.9%) is considered low.


Financial Health

How is EMCOR Group's financial position?


Financial Position Analysis

Short Term Liabilities: EME's short term assets ($3.2B) exceed its short term liabilities ($2.3B).

Long Term Liabilities: EME's short term assets ($3.2B) exceed its long term liabilities ($904.5M).


Debt to Equity History and Analysis

Debt Level: EME has more cash than its total debt.

Reducing Debt: EME's debt to equity ratio has reduced from 33% to 12.5% over the past 5 years.

Debt Coverage: EME's debt is well covered by operating cash flow (139.7%).

Interest Coverage: EME's interest payments on its debt are well covered by EBIT (98.8x coverage).


Balance Sheet


Dividend

What is EMCOR Group current dividend yield, its reliability and sustainability?

0.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EME's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: EME's dividend (0.44%) is low compared to the top 25% of dividend payers in the US market (3.55%).


Stability and Growth of Payments

Stable Dividend: EME is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: EME is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: EME is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EME'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?

8.0yrs

Average management tenure


CEO

Tony Guzzi (57 yo)

17.25yrs

Tenure

US$10,808,156

Compensation

Mr. Anthony J. Guzzi, also known as Tony, has been the President and Chief Executive Officer of EMCOR Group Inc., since October 25, 2004 and January 3, 2011 respectively and also has been its Chairman sinc...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD10.81M) is above average for companies of similar size in the US market ($USD6.45M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EME's management team is seasoned and experienced (8 years average tenure).


Board Members

Experienced Board: EME's board of directors are considered experienced (5.6 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

EMCOR Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: EMCOR Group, Inc.
  • Ticker: EME
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: US$6.244b
  • Shares outstanding: 53.37m
  • Website: https://www.emcorgroup.com

Number of Employees


Location

  • EMCOR Group, Inc.
  • 301 Merritt Seven
  • Norwalk
  • Connecticut
  • 06851-1092
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:33
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.