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MTZ

MasTec NYSE:MTZ Stock Report

Last Price

US$67.95

Market Cap

US$5.0b

7D

-4.0%

1Y

-21.6%

Updated

05 Oct, 2022

Data

Company Financials +
MTZ fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends0/6

MTZ Stock Overview

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.

MasTec Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MasTec
Historical stock prices
Current Share PriceUS$67.95
52 Week HighUS$104.21
52 Week LowUS$62.64
Beta1.25
1 Month Change-13.88%
3 Month Change-6.88%
1 Year Change-21.60%
3 Year Change5.76%
5 Year Change53.73%
Change since IPO1,659.86%

Recent News & Updates

Sep 06

HSR waiting period expires for MasTec-IEA deal

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired for the previously announced acquisition of Infrastructure and Energy Alternatives (NASDAQ:IEA) by MasTec (NYSE:MTZ). In July, MasTec (MTZ) it agreed to acquire IEA in a cash and stock deal valued at $14/share. Under the deal terms, IEA stockholders will receive $14/share comprised of $10.50/share in cash and 0.0483 of a MasTec (MTZ) share. The expiration of the HSR waiting period was a condition to the closing of the pending transaction. Completion of the transaction is expected in October 2022, subject to the satisfaction of the remaining customary closing conditions, including approval of the transaction by IEA stockholders.

Sep 05
Why MasTec, Inc. (NYSE:MTZ) Could Be Worth Watching

Why MasTec, Inc. (NYSE:MTZ) Could Be Worth Watching

While MasTec, Inc. ( NYSE:MTZ ) might not be the most widely known stock at the moment, it saw a double-digit share...

Aug 14
MasTec (NYSE:MTZ) Takes On Some Risk With Its Use Of Debt

MasTec (NYSE:MTZ) Takes On Some Risk With Its Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

MTZUS ConstructionUS Market
7D-4.0%8.3%4.4%
1Y-21.6%8.1%-18.2%

Return vs Industry: MTZ underperformed the US Construction industry which returned 8.1% over the past year.

Return vs Market: MTZ underperformed the US Market which returned -18.2% over the past year.

Price Volatility

Is MTZ's price volatile compared to industry and market?
MTZ volatility
MTZ Average Weekly Movement5.5%
Construction Industry Average Movement5.5%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: MTZ is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MTZ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192930,000Jose Mashttps://www.mastec.com

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. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure.

MasTec Fundamentals Summary

How do MasTec's earnings and revenue compare to its market cap?
MTZ fundamental statistics
Market CapUS$5.02b
Earnings (TTM)US$168.97m
Revenue (TTM)US$8.47b

29.7x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTZ income statement (TTM)
RevenueUS$8.47b
Cost of RevenueUS$7.38b
Gross ProfitUS$1.09b
Other ExpensesUS$922.86m
EarningsUS$168.97m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.29
Gross Margin12.89%
Net Profit Margin1.99%
Debt/Equity Ratio77.8%

How did MTZ perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 MTZ?

Other financial metrics that can be useful for relative valuation.

MTZ 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/Revenue0.9x
Enterprise Value/EBITDA10.7x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

MTZ PE Ratio vs Peers
The above table shows the PE ratio for MTZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.9x
MDU MDU Resources Group
17.9x15.1%US$5.9b
EME EMCOR Group
16x10.4%US$6.0b
VMI Valmont Industries
28.5x17.2%US$6.2b
FIX Comfort Systems USA
17.3x-0.4%US$3.7b
MTZ MasTec
29.7x59.1%US$5.0b

Price-To-Earnings vs Peers: MTZ is expensive based on its Price-To-Earnings Ratio (29.7x) compared to the peer average (19.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MTZ is expensive based on its Price-To-Earnings Ratio (29.7x) compared to the US Construction industry average (27.6x)


Price to Earnings Ratio vs Fair Ratio

What is MTZ'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.

MTZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.7x
Fair PE Ratio57.8x

Price-To-Earnings vs Fair Ratio: MTZ is good value based on its Price-To-Earnings Ratio (29.7x) compared to the estimated Fair Price-To-Earnings Ratio (57.8x).


Share Price vs Fair Value

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

Below Fair Value: MTZ ($67.95) is trading below our estimate of fair value ($176.76)

Significantly Below Fair Value: MTZ 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 more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTZ's forecast earnings growth (59.1% per year) is above the savings rate (1.9%).

Earnings vs Market: MTZ's earnings (59.1% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: MTZ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MTZ's revenue (10.7% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: MTZ's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTZ's Return on Equity is forecast to be low in 3 years time (17.1%).


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Past Performance

How has MasTec performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MTZ has high quality earnings.

Growing Profit Margin: MTZ's current net profit margins (2%) are lower than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: MTZ's earnings have declined by 0.3% 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 (-54.4%) over the past year, making it difficult to compare to the Construction industry average (16.7%).


Return on Equity

High ROE: MTZ's Return on Equity (6.8%) is considered low.


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Financial Health

How is MasTec's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MTZ's short term assets ($3.1B) exceed its short term liabilities ($1.9B).

Long Term Liabilities: MTZ's short term assets ($3.1B) exceed its long term liabilities ($3.0B).


Debt to Equity History and Analysis

Debt Level: MTZ's net debt to equity ratio (72.2%) is considered high.

Reducing Debt: MTZ's debt to equity ratio has reduced from 112.5% to 77.8% over the past 5 years.

Debt Coverage: MTZ's debt is well covered by operating cash flow (23%).

Interest Coverage: MTZ's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

MasTec Dividend Yield vs Market
How does MasTec dividend yield compare to the market?
SegmentDividend Yield
Company (MasTec)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Construction)0.8%
Analyst forecast in 3 Years (MasTec)0%

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

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


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MTZ has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

15.5yrs

Average management tenure


CEO

Jose Mas (51 yo)

21.17yrs

Tenure

US$9,122,897

Compensation

Mr. Jose Ramon Mas serves as an Independent Director at Helmerich & Payne, Inc., since March 1, 2017. Mr. Mas had been a Director of American Virtual Cloud Technologies, Inc. (Formerly known as Pensare Acq...


CEO Compensation Analysis

Jose Mas's Compensation vs MasTec Earnings
How has Jose Mas's remuneration changed compared to MasTec's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$169m

Mar 31 2022n/an/a

US$228m

Dec 31 2021US$9mUS$1m

US$329m

Sep 30 2021n/an/a

US$365m

Jun 30 2021n/an/a

US$371m

Mar 31 2021n/an/a

US$352m

Dec 31 2020US$9mUS$1m

US$323m

Sep 30 2020n/an/a

US$311m

Jun 30 2020n/an/a

US$323m

Mar 31 2020n/an/a

US$385m

Dec 31 2019US$8mUS$1m

US$392m

Sep 30 2019n/an/a

US$323m

Jun 30 2019n/an/a

US$315m

Mar 31 2019n/an/a

US$276m

Dec 31 2018US$7mUS$1m

US$260m

Sep 30 2018n/an/a

US$389m

Jun 30 2018n/an/a

US$332m

Mar 31 2018n/an/a

US$333m

Dec 31 2017US$7mUS$1m

US$347m

Sep 30 2017n/an/a

US$240m

Jun 30 2017n/an/a

US$233m

Mar 31 2017n/an/a

US$175m

Dec 31 2016US$6mUS$980k

US$131m

Sep 30 2016n/an/a

US$908k

Jun 30 2016n/an/a

-US$48m

Mar 31 2016n/an/a

-US$76m

Dec 31 2015US$4mUS$980k

-US$79m

Compensation vs Market: Jose's total compensation ($USD9.12M) is about average for companies of similar size in the US market ($USD8.48M).

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


Leadership Team

Experienced Management: MTZ's management team is seasoned and experienced (15.5 years average tenure).


Board Members

Experienced Board: MTZ's board of directors are seasoned and experienced ( 17.5 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.


Ownership Breakdown

What is the ownership structure of MTZ?
Owner TypeNumber of SharesOwnership Percentage
State or Government25,1610.03%
Private Companies276,0000.4%
General Public709,2701.0%
Individual Insiders16,833,24322.8%
Institutions56,010,43475.8%

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


Top Shareholders

Top 25 shareholders own 74.42% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.39%
Jorge Mas
11,366,880$772.4m0%no data
7.25%
BlackRock, Inc.
5,358,038$364.1m-4.6%0.01%
7.13%
The Vanguard Group, Inc.
5,264,585$357.7m-4.61%0.01%
6.57%
Jose Mas
4,854,244$329.8m0%no data
4.4%
Nordea Investment Management AB
3,249,236$220.8m2.82%0.19%
4.18%
Allspring Global Investments, LLC
3,086,658$209.7m1.7%0.32%
3.46%
Dimensional Fund Advisors LP
2,553,989$173.5m-4.08%0.04%
3.21%
Macquarie Investment Management Business Trust
2,372,108$161.2m1.17%0.17%
2.72%
Columbia Management Investment Advisers, LLC
2,010,736$136.6m8.52%0.04%
2.48%
Legacy Advisors, LLC
1,828,598$124.3m14.63%26.64%
2.04%
State Street Global Advisors, Inc.
1,505,710$102.3m-1.29%0.01%
1.89%
Invesco Ltd.
1,399,314$95.1m136.62%0.03%
1.86%
Frontier Capital Management Co LLC
1,370,048$93.1m17%0.9%
1.41%
Hood River Capital Management LLC
1,043,554$70.9m4.54%2.64%
1.24%
Pzena Investment Management, Inc.
916,003$62.2m29.21%0.19%
1.17%
Marshall Wace LLP
861,978$58.6m41.03%0.16%
1.13%
Goldman Sachs Asset Management, L.P.
835,903$56.8m-18.73%0.02%
1.12%
Handelsbanken Asset Management
825,400$56.1m-4.33%0.12%
1.07%
Electron Capital Partners, LLC
793,862$53.9m-0.83%2.48%
1.01%
Geode Capital Management, LLC
747,601$50.8m-5.01%0.01%
0.86%
Fuller & Thaler Asset Management, Inc.
633,592$43.1m-24.11%0.3%
0.73%
Norges Bank Investment Management
542,750$36.9m0%no data
0.73%
BNY Mellon Asset Management
540,982$36.8m2.8%0.01%
0.71%
Charles Schwab Investment Management, Inc.
526,281$35.8m-2.12%0.01%
0.64%
Candriam Luxembourg S.A.
474,078$32.2m15.48%0.11%

Company Information

MasTec, Inc.'s 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
  • Implied Market Cap: US$5.018b
  • Shares outstanding: 73.85m
  • Website: https://www.mastec.com

Number of Employees


Location

  • MasTec, Inc.
  • 800 South Douglas Road
  • Ste 1200
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.