| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
TPC Stock Overview
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide.
Tutor Perini Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.76 |
| 52 Week High | US$15.67 |
| 52 Week Low | US$7.24 |
| Beta | 1.28 |
| 1 Month Change | -12.12% |
| 3 Month Change | -20.41% |
| 1 Year Change | -46.30% |
| 3 Year Change | -22.24% |
| 5 Year Change | -70.10% |
| Change since IPO | -77.75% |
Recent News & Updates
Tutor Perini GAAP EPS of -$1.23 misses by $1.64, revenue of $861.02M misses by $268.98M
Tutor Perini press release (NYSE:TPC): Q2 GAAP EPS of -$1.23 misses by $1.64. Revenue of $861.02M (-29.4% Y/Y) misses by $268.98M.
Tutor Perini: Time To Execute
Record operating cash flow reported by Tutor Perini in Q1 this year. Although Tutor Perini reported a bottom-line loss, earnings guidance for the full year was maintained. TPC stock should recover the psychological $10 level before long. Intro We wrote about Tutor Perini (TPC) back in March when we stated that the company needed to begin to turn over capital faster. Although the fourth quarter last year was disappointing from a sales and earnings perspective, the company's recent first-quarter earnings report was more encouraging for a number of reasons which we will get into. From a technical standpoint initially, however, shares have continued to lose ground since the announcement of those first-quarter earnings back in May. Shares are now trading well below the $10 level so it will be interesting to see if shares can bottom here over the near term. We state this because the company finally managed to generate a sizable amount of operating cash flow ($121 million) in the first quarter as a result of multiple cash collections and ongoing disputes which finally came to an end. Management will now be hoping that this record Q1 cash flow can act as a catalyst for sustained improvement to come. Investors who follow this company will be well aware of the various external factors which can affect this company's operations. Trading conditions, as well as the speed of collections all, obviously tie into how fast sales and earnings can be internally generated. Although the timing of a long-play may still be off here, TPC's risk/reward profile from both a profitability and valuation standpoint is beginning to stack up here for the following reasons. Tutor Perini Trying To Recover Support (Stockcharts.com) Tutor Perini's Profitability Despite the fact that the company reported a bottom-line loss of $0.42 per share due to a legal ruling which did not go the company's way, full-year guidance was maintained which was encouraging. From an investor's standpoint, the Q1 reported loss is temporary in nature and we expect roles to be reversed later this year when decisions from other disputes should go the company's way. Furthermore, backlog trends clearly demonstrate the strong demand the market has for Tutor Perini's services (Backlog stood at $8.3 billion at the end of Q1) with multiple award wins (Eagle Mountain pipeline, etc.) in the building and civil segments following on into the second quarter. This bullish trend should have legs given the fact that funding from the federal infrastructure bill is expected to be spun out over the next five years or so. Earnings revisions are starting to be dialed up with the company's Q2 estimate of $0.42 per share up over $0.11 over the past 30 days alone. The third-quarter estimate of $0.56 per share also has gotten a boost over the past 30 days which leads us to believe that if these trends continue, the market sooner rather than later will begin to price the shares upward.
The Returns On Capital At Tutor Perini (NYSE:TPC) Don't Inspire Confidence
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Shareholder Returns
| TPC | US Construction | US Market | |
|---|---|---|---|
| 7D | -14.5% | 0.7% | 1.0% |
| 1Y | -46.3% | 10.0% | -12.9% |
Return vs Industry: TPC underperformed the US Construction industry which returned 10.1% over the past year.
Return vs Market: TPC underperformed the US Market which returned -12.8% over the past year.
Price Volatility
| TPC volatility | |
|---|---|
| TPC Average Weekly Movement | 6.2% |
| Construction Industry Average Movement | 6.2% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: TPC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TPC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1894 | 7,800 | Ronald Tutor | https://www.tutorperini.com |
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities.
Tutor Perini Fundamentals Summary
| TPC fundamental statistics | |
|---|---|
| Market Cap | US$398.54m |
| Earnings (TTM) | -US$39.91m |
| Revenue (TTM) | US$4.03b |
0.1x
P/S Ratio-10.0x
P/E RatioIs TPC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TPC income statement (TTM) | |
|---|---|
| Revenue | US$4.03b |
| Cost of Revenue | US$3.78b |
| Gross Profit | US$244.57m |
| Other Expenses | US$284.48m |
| Earnings | -US$39.91m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.78 |
| Gross Margin | 6.07% |
| Net Profit Margin | -0.99% |
| Debt/Equity Ratio | 61.8% |
How did TPC perform over the long term?
See historical performance and comparisonValuation
Is TPC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 TPC?
Other financial metrics that can be useful for relative valuation.
| What is TPC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$398.54m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.3x |
| Enterprise Value/EBITDA | 10.6x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does TPC's PS Ratio compare to its peers?
| TPC PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.6x | ||
BBCP Concrete Pumping Holdings | 1.2x | 6.4% | US$411.4m |
SOL ReneSola | 7.2x | 37.2% | US$436.6m |
GLDD Great Lakes Dredge & Dock | 0.9x | 7.1% | US$648.9m |
NWPX Northwest Pipe | 0.8x | 9.9% | US$288.8m |
TPC Tutor Perini | 0.1x | 7.0% | US$398.5m |
Price-To-Sales vs Peers: TPC is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (2.6x).
Price to Earnings Ratio vs Industry
How does TPC's PE Ratio compare vs other companies in the US Construction Industry?
Price-To-Sales vs Industry: TPC is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Construction industry average (0.8x)
Price to Sales Ratio vs Fair Ratio
What is TPC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.1x |
| Fair PS Ratio | 0.4x |
Price-To-Sales vs Fair Ratio: TPC is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of TPC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TPC ($7.76) is trading above our estimate of fair value ($5.38)
Significantly Below Fair Value: TPC is trading above our estimate of fair value.
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, but analysts are not within a statistically confident range of agreement.
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Future Growth
How is Tutor Perini forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
69.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: TPC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TPC is expected to become profitable in the next 3 years.
Revenue vs Market: TPC's revenue (7% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: TPC's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TPC's Return on Equity is forecast to be low in 3 years time (6.8%).
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Past Performance
How has Tutor Perini performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPC is currently unprofitable.
Growing Profit Margin: TPC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TPC is unprofitable, and losses have increased over the past 5 years at a rate of 9.2% per year.
Accelerating Growth: Unable to compare TPC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TPC is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (10%).
Return on Equity
High ROE: TPC has a negative Return on Equity (-0.85%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Tutor Perini's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: TPC's short term assets ($3.9B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: TPC's short term assets ($3.9B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: TPC's net debt to equity ratio (42%) is considered high.
Reducing Debt: TPC's debt to equity ratio has increased from 53.9% to 61.8% over the past 5 years.
Debt Coverage: TPC's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: TPC's interest payments on its debt are not well covered by EBIT (0.2x coverage).
Balance Sheet
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Dividend
What is Tutor Perini 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
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TPC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TPC'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 TPC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TPC'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 TPC has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Ronald Tutor (82 yo)
22.42yrs
Tenure
US$14,808,920
Compensation
Mr. Ronald N. Tutor serves as President of Black Construction Corporation. Mr. Tutor has been Chief Executive Officer of Tutor Perini Corporation since March 29, 2000. He was the Owner of Tutor-saliba Corp...
CEO Compensation Analysis
Compensation vs Market: Ronald's total compensation ($USD14.81M) is above average for companies of similar size in the US market ($USD2.70M).
Compensation vs Earnings: Ronald's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: TPC's management team is seasoned and experienced (6.9 years average tenure).
Board Members
Experienced Board: TPC's board of directors are considered experienced (8.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TPC 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
Tutor Perini Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Tutor Perini Corporation
- Ticker: TPC
- Exchange: NYSE
- Founded: 1894
- Industry: Construction and Engineering
- Sector: Capital Goods
- Implied Market Cap: US$398.536m
- Shares outstanding: 51.36m
- Website: https://www.tutorperini.com
Number of Employees
Location
- Tutor Perini Corporation
- 15901 Olden Street
- Sylmar
- California
- 91342
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/06 00:00 |
| End of Day Share Price | 2022/08/05 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.