NYSE:MTZ

Stock Analysis Report

Executive Summary

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has MasTec's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.2%

MTZ

4.8%

US Construction

3.4%

US Market


1 Year Return

54.6%

MTZ

3.3%

US Construction

5.4%

US Market

Return vs Industry: MTZ exceeded the US Construction industry which returned 3.3% over the past year.

Return vs Market: MTZ exceeded the US Market which returned 5.4% over the past year.


Shareholder returns

MTZIndustryMarket
7 Day4.2%4.8%3.4%
30 Day3.9%-0.07%-1.0%
90 Day32.7%0.9%-0.4%
1 Year54.6%54.6%4.1%3.3%7.7%5.4%
3 Year124.6%124.6%24.2%21.4%46.2%36.8%
5 Year144.5%144.5%22.6%18.4%65.6%47.5%

Price Volatility Vs. Market

How volatile is MasTec's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MTZ ($66.7) is trading below our estimate of fair value ($68.32)

Significantly Undervalued: MTZ is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MTZ is good value based on its PE Ratio (16.1x) compared to the Construction industry average (17.2x).

PE vs Market: MTZ is good value based on its PE Ratio (16.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: MTZ is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: MTZ is overvalued based on its PB Ratio (3.2x) compared to the US Construction industry average (1.7x).


Next Steps

Future Growth

How is MasTec forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTZ's forecast earnings growth (5.5% per year) is above the savings rate (2.7%).

Earnings vs Market: MTZ's earnings (5.5% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: MTZ's revenue (4.1% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: MTZ's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MTZ's Return on Equity is forecast to be high in 3 years time (21.2%)


Next Steps

Past Performance

How has MasTec performed over the past 5 years?

36.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MTZ's earnings have grown significantly by 36% per year over the past 5 years.

Accelerating Growth: MTZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MTZ had negative earnings growth (-4.9%) over the past year, making it difficult to compare to the Construction industry average (2.6%).


Return on Equity

High ROE: MTZ's Return on Equity (20.3%) is considered high.


Return on Assets

ROA vs Industry: MTZ has a higher Return on Assets than the Construction industry average last year.


Return on Capital Employed

ROCE Improving: MTZ has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is MasTec's financial position?


Financial Position Analysis

Short Term Liabilities: MTZ's short term assets ($2.1B) exceeds its short term liabilities ($1.4B)

Long Term Liabilities: MTZ's short term assets (2.1B) exceeds its long term liabilities (1.9B)


Debt to Equity History and Analysis

Debt Level: MTZ's debt to equity ratio (71.2%) is considered high

Reducing Debt: MTZ's debt to equity ratio has reduced from 106.8% to 71.2% over the past 5 years.

Debt Coverage: MTZ's debt is well covered by operating cash flow (77.7%).

Interest Coverage: MTZ's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet

Inventory Level: MTZ has a high level of physical assets or inventory.

Debt Coverage by Assets: MTZ's debt is covered by short term assets (assets are 1.925250x debt).


Next Steps

Dividend

What is MasTec's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.1%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MTZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MTZ's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MTZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTZ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTZ's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of MasTec's salary, the management and board of directors tenure and is there insider trading?

12.5yrs

Average management tenure


CEO

José Mas (48yo)

12.5yrs

Tenure

US$7,275,847

Compensation

Mr. José Ramon Mas serves as a Director at Helmerich & Payne, Inc., since March 1, 2017. Mr. José Ramon Mas has been a Director of Pensare Acquisition Corp. since July 27, 2017. He has served as a director ...


CEO Compensation Analysis

Compensation vs. Market: José's total compensation ($USD7.28M) is about average for companies of similar size in the US market ($USD6.81M).

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


Management Age and Tenure

12.5yrs

Average Tenure

53.5yo

Average Age

Experienced Management: MTZ's management team is seasoned and experienced (12.5 years average tenure).


Board Age and Tenure

16.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: MTZ's board of directors are seasoned and experienced ( 16.3 years average tenure).


Insider Trading

Insider Buying: MTZ insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$193,57512 Sep 19
Ernest Csiszar
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$64.53
SellUS$288,58007 Aug 19
C. Campbell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$57.72
SellUS$516,63210 May 19
Robert Dwyer
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$51.66

Ownership Breakdown


Management Team

  • George Pita (57yo)

    Executive VP & CFO

    • Tenure: 5.8yrs
    • Compensation: US$2.76m
  • José Mas (48yo)

    CEO & Director

    • Tenure: 12.5yrs
    • Compensation: US$7.28m
  • J. Lewis

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Alberto de Cardenas (50yo)

    Executive VP

    • Tenure: 13.9yrs
    • Compensation: US$1.66m
  • Gary Smith

    Senior Vice President of Communications Group

    • Tenure: 0yrs
  • Pablo Alvarez

    Executive Vice President of Mergers & Acquisitions

    • Tenure: 0yrs
  • Robert Apple (69yo)

    Chief Operating Officer

    • Tenure: 12.8yrs
    • Compensation: US$3.42m
  • Paul Dimarco

    Senior VP & Treasurer

    • Tenure: 8.6yrs

Board Members

  • Jorge Mas (56yo)

    Chairman

    • Tenure: 21.8yrs
    • Compensation: US$4.41m
  • Julia Johnson (56yo)

    Independent Director

    • Tenure: 17.7yrs
    • Compensation: US$225.00k
  • Jos Sorzano (78yo)

    Independent Director

    • Tenure: 24yrs
    • Compensation: US$230.00k
  • José Mas (48yo)

    CEO & Director

    • Tenure: 12.5yrs
    • Compensation: US$7.28m
  • Bob Campbell (74yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: US$220.00k
  • Robert Dwyer (74yo)

    Independent Director

    • Tenure: 15yrs
    • Compensation: US$265.00k
  • Ernest Csiszar (69yo)

    Independent Director

    • Tenure: 14yrs
    • Compensation: US$220.00k
  • Javier Palomarez (58yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$220.00k

Company Information

MasTec, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MasTec, Inc.
  • Ticker: MTZ
  • Exchange: NYSE
  • Founded: 1929
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: US$5.013b
  • Shares outstanding: 75.16m
  • Website: https://www.mastec.com

Number of Employees


Location

  • MasTec, Inc.
  • 800 South Douglas Road
  • 12th Floor
  • Coral Gables
  • Florida
  • 33134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTZNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1994
MY8DB (Deutsche Boerse AG)YesCommon StockDEEURMar 1994

Biography

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:39
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.