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Granite Construction NYSE:GVA Stock Report

Last Price

US$90.67

Market Cap

US$3.9b

7D

-3.0%

1Y

77.1%

Updated

20 Dec, 2024

Data

Company Financials +

Granite Construction Incorporated

NYSE:GVA Stock Report

Market Cap: US$3.9b

GVA Stock Overview

Operates as an infrastructure contractor in the United States. More details

GVA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 44.6% below our estimate of its fair value

Earnings are forecast to grow 41.69% per year

Earnings grew by 179.6% over the past year

Risk Analysis

Significant insider selling over the past 3 months


My Notes

Capture your thoughts, links and company narrative

Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 4 Analysts

Public Funding And Private Sector Work Expected To Drive Efficiency Gains

Key Takeaways Strategic growth driven by public funding and private sector work in infrastructure and renewable energy is expected to boost revenue and efficiency. Focus on operational improvements, strategic acquisitions, and cash flow management aims to enhance margins, shareholder value, and long-term earnings potential.
View narrative
US$95.75
FV
5.3% undervalued intrinsic discount
5.91%
Revenue growth p.a.
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2 days ago author updated this narrative

Granite Construction Incorporated Competitors

Everus Construction Group

NYSE:ECG

US$3.3b

Arcosa

NYSE:ACA

US$4.8b

Dycom Industries

NYSE:DY

US$4.9b

Primoris Services

NYSE:PRIM

US$4.3b

Price History & Performance

Summary of share price highs, lows and changes for Granite Construction
Historical stock prices
Current Share PriceUS$90.67
52 Week HighUS$105.20
52 Week LowUS$43.92
Beta1.42
1 Month Change-6.77%
3 Month Change12.94%
1 Year Change77.12%
3 Year Change136.37%
5 Year Change236.56%
Change since IPO1,600.06%

Recent News & Updates

There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital

Dec 18
There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital

Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?

Nov 22
Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?

Granite Construction: Infrastructure Spending And An Upgraded Business Model

Nov 15

Recent updates

There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital

Dec 18
There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital

Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?

Nov 22
Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?

Granite Construction: Infrastructure Spending And An Upgraded Business Model

Nov 15

The Strong Earnings Posted By Granite Construction (NYSE:GVA) Are A Good Indication Of The Strength Of The Business

Nov 07
The Strong Earnings Posted By Granite Construction (NYSE:GVA) Are A Good Indication Of The Strength Of The Business

Granite Construction: Still Cruising Higher

Oct 28

Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?

Oct 05
Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?

We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt

Sep 18
We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt

Investors Interested In Granite Construction Incorporated's (NYSE:GVA) Earnings

Sep 04
Investors Interested In Granite Construction Incorporated's (NYSE:GVA) Earnings

Granite Construction (NYSE:GVA) Is Experiencing Growth In Returns On Capital

Aug 22
Granite Construction (NYSE:GVA) Is Experiencing Growth In Returns On Capital

Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 47% Undervaluation?

Jul 29
Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 47% Undervaluation?

Granite Construction (NYSE:GVA) Is Paying Out A Dividend Of $0.13

Jun 16
Granite Construction (NYSE:GVA) Is Paying Out A Dividend Of $0.13

At US$61.29, Is It Time To Put Granite Construction Incorporated (NYSE:GVA) On Your Watch List?

Jun 04
At US$61.29, Is It Time To Put Granite Construction Incorporated (NYSE:GVA) On Your Watch List?

These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well

May 03
These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well

With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For

Apr 13
With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For

Granite Construction: Expect Higher Margins And Tailwinds To Spur Stock

Jan 17

Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 38% Undervaluation?

Dec 20
Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 38% Undervaluation?

Granite Construction (NYSE:GVA) Has Some Difficulty Using Its Capital Effectively

Nov 16
Granite Construction (NYSE:GVA) Has Some Difficulty Using Its Capital Effectively

Granite Construction: Cheap Multiples, Mid And Long-Term Economics Not Supportive

Oct 27

Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly

Oct 11
Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly

Granite Construction (NYSE:GVA) Is Due To Pay A Dividend Of $0.13

Sep 17
Granite Construction (NYSE:GVA) Is Due To Pay A Dividend Of $0.13

Is Now The Time To Put Granite Construction (NYSE:GVA) On Your Watchlist?

Sep 05
Is Now The Time To Put Granite Construction (NYSE:GVA) On Your Watchlist?

Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?

Aug 18
Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?

Granite Construction: Good Long-Term Growth Prospects At Attractive Valuation

Aug 07

Why Granite Construction Incorporated (NYSE:GVA) Could Be Worth Watching

Apr 27
Why Granite Construction Incorporated (NYSE:GVA) Could Be Worth Watching

Here's Why We Think Granite Construction (NYSE:GVA) Might Deserve Your Attention Today

Apr 06
Here's Why We Think Granite Construction (NYSE:GVA) Might Deserve Your Attention Today

Granite Construction Q4 2022 Earnings Preview

Feb 15

Is Granite Construction (NYSE:GVA) Using Too Much Debt?

Jan 27
Is Granite Construction (NYSE:GVA) Using Too Much Debt?

Granite Construction's Outperformance Can Continue

Dec 27

Granite Construction bags $174M contract for work on Los Angeles airport runways

Dec 20

Granite Construction bags $14M traffic flow improvement project from Caltrans

Dec 06

An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued

Dec 06
An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued

Granite Construction gets $30M contract from US Dept of Homeland Security

Nov 03

Shareholder Returns

GVAUS ConstructionUS Market
7D-3.0%-5.4%-3.5%
1Y77.1%50.2%22.1%

Return vs Industry: GVA exceeded the US Construction industry which returned 50.2% over the past year.

Return vs Market: GVA exceeded the US Market which returned 22.1% over the past year.

Price Volatility

Is GVA's price volatile compared to industry and market?
GVA volatility
GVA Average Weekly Movement3.2%
Construction Industry Average Movement6.7%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: GVA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: GVA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19222,100Kyle Larkinwww.graniteconstruction.com

Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects.

Granite Construction Incorporated Fundamentals Summary

How do Granite Construction's earnings and revenue compare to its market cap?
GVA fundamental statistics
Market capUS$3.93b
Earnings (TTM)US$110.86m
Revenue (TTM)US$3.96b

35.8x

P/E Ratio

1.0x

P/S Ratio

Is GVA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GVA income statement (TTM)
RevenueUS$3.96b
Cost of RevenueUS$3.45b
Gross ProfitUS$516.26m
Other ExpensesUS$405.40m
EarningsUS$110.86m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.54
Gross Margin13.02%
Net Profit Margin2.80%
Debt/Equity Ratio69.0%

How did GVA perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

21%

Payout Ratio

Does GVA pay a reliable dividends?

See GVA dividend history and benchmarks
When do you need to buy GVA by to receive an upcoming dividend?
Granite Construction dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend10 days
Days until Dividend pay date25 days

Does GVA pay a reliable dividends?

See GVA dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:52
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Granite Construction Incorporated is covered by 28 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam ThalhimerBB&T Capital Markets
Avram FisherBMO Capital Markets U.S. (Historical)
Alexander RygielB. Riley Securities, Inc.