| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
EME Stock Overview
EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom.
EMCOR Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$117.43 |
| 52 Week High | US$135.98 |
| 52 Week Low | US$95.64 |
| Beta | 1.15 |
| 1 Month Change | 15.06% |
| 3 Month Change | 15.84% |
| 1 Year Change | -3.76% |
| 3 Year Change | 44.32% |
| 5 Year Change | 81.61% |
| Change since IPO | 5,771.50% |
Recent News & Updates
EMCOR Groupm announces acquisition of Gaston Electrical
EMCOR Groupm (NYSE:EME) has acquired Gaston Electrical, a full service electrical construction contractor headquartered in Norwood, MA. Terms of the transaction were not disclosed. Gaston has estimated revenues of ~$140M and remaining unsatisfied performance obligations of ~$120M, and will further strengthen EMCOR’s specialty construction services operations in the Greater Boston area.
Shareholder Returns
| EME | US Construction | US Market | |
|---|---|---|---|
| 7D | 1.2% | 3.8% | 1.2% |
| 1Y | -3.8% | 11.0% | -11.6% |
Return vs Industry: EME underperformed the US Construction industry which returned 9.2% over the past year.
Return vs Market: EME exceeded the US Market which returned -13.5% over the past year.
Price Volatility
| EME volatility | |
|---|---|
| EME Average Weekly Movement | 4.1% |
| Construction Industry Average Movement | 6.1% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: EME is less volatile than 75% 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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 34,000 | Tony Guzzi | https://www.emcorgroup.com |
EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression 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. The company 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 services; vendor management and 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; small modification and retrofit projects; and other building services.
EMCOR Group Fundamentals Summary
| EME fundamental statistics | |
|---|---|
| Market Cap | US$5.79b |
| Earnings (TTM) | US$375.46m |
| Revenue (TTM) | US$10.46b |
15.4x
P/E Ratio0.6x
P/S RatioIs EME overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EME income statement (TTM) | |
|---|---|
| Revenue | US$10.46b |
| Cost of Revenue | US$8.94b |
| Gross Profit | US$1.52b |
| Other Expenses | US$1.14b |
| Earnings | US$375.46m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.61 |
| Gross Margin | 14.53% |
| Net Profit Margin | 3.59% |
| Debt/Equity Ratio | 13.0% |
How did EME perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield0.28%
Payout RatioDoes EME pay a reliable dividends?
See EME dividend history and benchmarks| EMCOR Group dividend dates | |
|---|---|
| Ex Dividend Date | Oct 17 2022 |
| Dividend Pay Date | Oct 31 2022 |
| Days until Ex dividend | 66 days |
| Days until Dividend pay date | 80 days |
Does EME pay a reliable dividends?
See EME dividend history and benchmarksValuation
Is EME undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 EME?
Other financial metrics that can be useful for relative valuation.
| What is EME's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$5.79b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.6x |
| Enterprise Value/EBITDA | 9.6x |
| PEG Ratio | 1.6x |
Price to Earnings Ratio vs Peers
How does EME's PE Ratio compare to its peers?
| EME PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 24.8x | ||
MDU MDU Resources Group | 19.1x | 15.1% | US$6.3b |
MTZ MasTec | 35.2x | 75.5% | US$5.9b |
VMI Valmont Industries | 27.6x | 15.6% | US$6.0b |
FIX Comfort Systems USA | 17.2x | -0.4% | US$3.7b |
EME EMCOR Group | 15.4x | 9.8% | US$5.8b |
Price-To-Earnings vs Peers: EME is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (24.8x).
Price to Earnings Ratio vs Industry
How does EME's PE Ratio compare vs other companies in the US Construction Industry?
Price-To-Earnings vs Industry: EME is good value based on its Price-To-Earnings Ratio (15.4x) compared to the US Construction industry average (27.9x)
Price to Earnings Ratio vs Fair Ratio
What is EME'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.4x |
| Fair PE Ratio | 18.8x |
Price-To-Earnings vs Fair Ratio: EME is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).
Share Price vs Fair Value
What is the Fair Price of EME when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: EME ($117.43) is trading below our estimate of fair value ($380.13)
Significantly Below Fair Value: EME is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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Future Growth
How is EMCOR Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EME's forecast earnings growth (9.8% per year) is above the savings rate (1.9%).
Earnings vs Market: EME's earnings (9.8% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: EME's earnings are forecast to grow, but not significantly.
Revenue vs Market: EME's revenue (4.3% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: EME's revenue (4.3% 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 (15.8%).
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Past Performance
How has EMCOR Group performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EME has high quality earnings.
Growing Profit Margin: EME's current net profit margins (3.6%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: EME's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: EME's earnings growth over the past year (16.2%) exceeds its 5-year average (7.2% per year).
Earnings vs Industry: EME earnings growth over the past year (16.2%) exceeded the Construction industry 13.1%.
Return on Equity
High ROE: EME's Return on Equity (19.2%) is considered low.
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Financial Health
How is EMCOR Group's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: EME's short term assets ($3.1B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: EME's short term assets ($3.1B) exceed its long term liabilities ($790.7M).
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 26.4% to 13% over the past 5 years.
Debt Coverage: EME's debt is well covered by operating cash flow (120.8%).
Interest Coverage: EME's interest payments on its debt are well covered by EBIT (95.2x coverage).
Balance Sheet
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Dividend
What is EMCOR Group current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
0.51%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: EME's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.51%).
High Dividend: EME's dividend (0.51%) is low compared to the top 25% of dividend payers in the US market (4.09%).
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.
Earnings Payout to Shareholders
Earnings Coverage: EME is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: EME is not paying a notable dividend for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.6yrs
Average management tenure
CEO
Tony Guzzi (58 yo)
17.83yrs
Tenure
US$11,024,040
Compensation
Mr. Anthony J. Guzzi, also known as Tony, has been the President and Chief Executive Officer of EMCOR Group Inc., since October 25, 2004 and January 3, 2011 respectively and also has been its Chairman sinc...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD11.02M) is above average for companies of similar size in the US market ($USD8.36M).
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 (8.6 years average tenure).
Board Members
Experienced Board: EME's board of directors are considered experienced (6.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EME insiders have only sold shares 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$5.795b
- Shares outstanding: 49.35m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/10 00:00 |
| End of Day Share Price | 2022/08/10 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.