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Tutor Perini

NYSE:TPC
Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TPC
NYSE
$673M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The last earnings update was 72 days ago. More info.


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  • Tutor Perini has significant price volatility in the past 3 months.
TPC Share Price and Events
7 Day Returns
-5.4%
NYSE:TPC
-1.4%
US Construction
-0.3%
US Market
1 Year Returns
-25.9%
NYSE:TPC
-4.3%
US Construction
3.9%
US Market
TPC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tutor Perini (TPC) -5.4% 4.4% -32.1% -25.9% -45.4% -52.8%
US Construction -1.4% 1.4% -0.6% -4.3% 16.4% 5.3%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • TPC underperformed the Construction industry which returned -4.3% over the past year.
  • TPC underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
TPC
Industry
5yr Volatility vs Market

TPC Value

 Is Tutor Perini undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tutor Perini to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tutor Perini.

NYSE:TPC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:TPC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 21%) (140.22%))
1.791
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.79
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.791 * 5.96%)
13.4%

Discounted Cash Flow Calculation for NYSE:TPC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tutor Perini is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:TPC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.4%)
2020 110.00 Analyst x1 97.00
2021 132.67 Est @ 20.61% 103.16
2022 152.90 Est @ 15.25% 104.84
2023 170.48 Est @ 11.49% 103.07
2024 185.59 Est @ 8.86% 98.94
2025 198.62 Est @ 7.02% 93.38
2026 210.02 Est @ 5.74% 87.06
2027 220.17 Est @ 4.83% 80.48
2028 229.42 Est @ 4.2% 73.95
2029 238.05 Est @ 3.76% 67.66
Present value of next 10 years cash flows $909.56
NYSE:TPC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $238.05 × (1 + 2.73%) ÷ (13.4% – 2.73%)
$2,290.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,290.89 ÷ (1 + 13.4%)10
$651.16
NYSE:TPC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $909.56 + $651.16
$1,560.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,560.72 / 50.18
$31.1
NYSE:TPC Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.10
Current discount Discount to share price of $13.41
= -1 x ($13.41 - $31.10) / $31.10
56.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tutor Perini is available for.
Intrinsic value
>50%
Share price is $13.41 vs Future cash flow value of $31.1
Current Discount Checks
For Tutor Perini to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tutor Perini's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tutor Perini's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tutor Perini's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tutor Perini's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TPC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.90
NYSE:TPC Share Price ** NYSE (2019-07-19) in USD $13.41
United States of America Construction Industry PE Ratio Median Figure of 29 Publicly-Listed Construction Companies 18.25x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tutor Perini.

NYSE:TPC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TPC Share Price ÷ EPS (both in USD)

= 13.41 ÷ 1.90

7.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tutor Perini is good value based on earnings compared to the US Construction industry average.
  • Tutor Perini is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tutor Perini's expected growth come at a high price?
Raw Data
NYSE:TPC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
21.5%per year
United States of America Construction Industry PEG Ratio Median Figure of 24 Publicly-Listed Construction Companies 1.09x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:TPC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.05x ÷ 21.5%

0.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tutor Perini is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tutor Perini's assets?
Raw Data
NYSE:TPC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $36.12
NYSE:TPC Share Price * NYSE (2019-07-19) in USD $13.41
United States of America Construction Industry PB Ratio Median Figure of 35 Publicly-Listed Construction Companies 1.73x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NYSE:TPC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TPC Share Price ÷ Book Value per Share (both in USD)

= 13.41 ÷ 36.12

0.37x

* Primary Listing of Tutor Perini.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tutor Perini is good value based on assets compared to the US Construction industry average.
X
Value checks
We assess Tutor Perini's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Tutor Perini has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TPC Future Performance

 How is Tutor Perini expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tutor Perini expected to grow at an attractive rate?
  • Tutor Perini's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tutor Perini's earnings growth is expected to exceed the United States of America market average.
  • Tutor Perini's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:TPC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TPC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 21.5%
NYSE:TPC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 9.2%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 25.7%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:TPC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TPC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,730 158 2
2020-12-31 5,471 180 144 5
2019-12-31 4,925 150 107 5
NYSE:TPC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,385 -30 95
2018-12-31 4,455 21 83
2018-09-30 4,464 127 115
2018-06-30 4,541 136 117
2018-03-31 4,668 123 122
2017-12-31 4,757 164 148
2017-09-30 4,811 21 98
2017-06-30 4,944 74 103
2017-03-31 5,005 65 94
2016-12-31 4,973 113 96
2016-09-30 4,927 88 74
2016-06-30 4,935 50 65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tutor Perini's earnings are expected to grow significantly at over 20% yearly.
  • Tutor Perini's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:TPC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Tutor Perini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TPC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.15 3.80 2.50 2.00
2020-12-31 2.85 3.31 2.40 5.00
2019-12-31 2.12 2.21 2.01 5.00
NYSE:TPC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.90
2018-12-31 1.67
2018-09-30 2.30
2018-06-30 2.35
2018-03-31 2.46
2017-12-31 2.99
2017-09-30 1.97
2017-06-30 2.09
2017-03-31 1.91
2016-12-31 1.95
2016-09-30 1.51
2016-06-30 1.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tutor Perini is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tutor Perini's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tutor Perini has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TPC Past Performance

  How has Tutor Perini performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tutor Perini's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tutor Perini's year on year earnings growth rate has been positive over the past 5 years.
  • Tutor Perini's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tutor Perini's 1-year earnings growth is negative, it can't be compared to the US Construction industry average.
Earnings and Revenue History
Tutor Perini's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tutor Perini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TPC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,384.99 95.20 260.14
2018-12-31 4,454.66 83.44 262.58
2018-09-30 4,464.45 114.97 266.89
2018-06-30 4,540.81 117.28 272.25
2018-03-31 4,668.00 122.49 277.22
2017-12-31 4,757.21 148.38 274.93
2017-09-30 4,810.74 97.71 269.28
2017-06-30 4,944.21 102.92 263.85
2017-03-31 5,005.07 94.19 256.00
2016-12-31 4,973.08 95.82 255.27
2016-09-30 4,927.31 74.27 240.86
2016-06-30 4,935.07 65.15 238.34
2016-03-31 4,939.38 55.57 245.14
2015-12-31 4,920.47 45.29 250.84
2015-09-30 4,921.52 64.30 264.97
2015-06-30 4,831.47 80.36 274.23
2015-03-31 4,603.54 97.12 270.58
2014-12-31 4,492.31 107.94 263.75
2014-09-30 4,389.72 113.47 267.99
2014-06-30 4,169.42 101.50 260.26
2014-03-31 4,137.98 88.44 262.65
2013-12-31 4,175.67 87.30 263.08
2013-09-30 4,190.58 95.67 259.25
2013-06-30 4,259.58 114.50 257.27
2013-03-31 4,191.87 -249.40 255.45
2012-12-31 4,111.47 -265.40 260.37
2012-09-30 4,112.03 -282.99 269.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tutor Perini has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tutor Perini used its assets less efficiently than the US Construction industry average last year based on Return on Assets.
  • Tutor Perini has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tutor Perini's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tutor Perini has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TPC Health

 How is Tutor Perini's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tutor Perini's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tutor Perini is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tutor Perini's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tutor Perini's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tutor Perini Company Filings, last reported 3 months ago.

NYSE:TPC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,795.18 898.63 101.48
2018-12-31 1,787.89 761.50 116.08
2018-09-30 1,733.37 801.32 122.87
2018-06-30 1,712.47 822.61 144.52
2018-03-31 1,685.60 817.28 174.34
2017-12-31 1,704.78 736.28 192.87
2017-09-30 1,630.93 886.28 221.88
2017-06-30 1,599.86 862.66 172.93
2017-03-31 1,560.13 780.79 104.82
2016-12-31 1,553.02 759.52 146.10
2016-09-30 1,524.04 793.10 170.74
2016-06-30 1,492.83 800.52 93.62
2016-03-31 1,440.33 825.73 90.58
2015-12-31 1,420.23 817.68 75.45
2015-09-30 1,416.61 832.31 96.89
2015-06-30 1,394.58 892.96 106.92
2015-03-31 1,378.46 883.65 145.96
2014-12-31 1,365.51 865.36 135.58
2014-09-30 1,340.93 946.03 139.77
2014-06-30 1,301.47 830.10 142.48
2014-03-31 1,267.02 821.61 135.63
2013-12-31 1,247.54 733.88 122.26
2013-09-30 1,203.97 777.53 130.05
2013-06-30 1,180.86 783.78 144.86
2013-03-31 1,161.70 804.41 135.35
2012-12-31 1,143.86 737.09 170.74
2012-09-30 1,100.74 700.76 184.33
  • Tutor Perini's level of debt (50.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.8% vs 50.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Tutor Perini's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tutor Perini has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TPC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tutor Perini dividends. Estimated to be 0% next year.
If you bought $2,000 of Tutor Perini shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tutor Perini's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tutor Perini's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:TPC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:TPC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tutor Perini has not reported any payouts.
  • Unable to verify if Tutor Perini's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tutor Perini's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tutor Perini has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tutor Perini's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Tutor Perini's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tutor Perini afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tutor Perini has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TPC Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ronald Tutor
COMPENSATION $23,492,298
AGE 79
TENURE AS CEO 19.3 years
CEO Bio

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 Corporation and served as its Chief Executive Officer and President. He served as Acting Chief Operating Officer of Tutor Perini Corporation from January 17, 1997 to March 2000. He serves as Chairman of Perini, Chief Executive Officer of Perini and Director of Perini at Daniel J. Keating Construction Company, LLC. He is recognized by public, private and community organizations for his dedication to high-quality work and is dedicated to working closely with the client to understand the overall project goals. He has been the Chairman of the Board at Tutor Perini Corporation since July 1999. He served as Chairman of the Board at Tutor-saliba Corporation. He served as Vice Chairman of Tutor Perini Corporation from January 1, 1998 to July 1999. He has been a Director of Tutor Perini Corporation since January 1997. He serves as Director of Cherry Hill Construction, Inc. and University of Southern California. Mr. Tutor holds a Bachelor of Science degree in Finance from the University of Southern California.

CEO Compensation
  • Ronald's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ronald's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tutor Perini management team in years:

3.8
Average Tenure
61.5
Average Age
  • The tenure for the Tutor Perini management team is about average.
Management Team

Ronald Tutor

TITLE
Chairman & CEO
COMPENSATION
$23M
AGE
79
TENURE
19.3 yrs

Jack Frost

TITLE
President
COMPENSATION
$5M
AGE
66
TENURE
4.4 yrs

Gary Smalley

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
60
TENURE
3.8 yrs

Wendy Hallgren

TITLE
Executive VP & General Counsel
COMPENSATION
$461K
AGE
51
TENURE
0.9 yrs

Leonard Rejcek

TITLE
President & CEO of Building Group
COMPENSATION
$2M
AGE
63
TENURE
2.1 yrs

Ryan Soroka

TITLE
Chief Accounting Officer & VP
AGE
37
TENURE
2.3 yrs

Jorge Casado

TITLE
Vice President of Investor Relations & Corporate Communications
AGE
50

Craig Shaw

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
64
TENURE
6.2 yrs

John Barrett

TITLE
Executive VP

Bill Palmer

TITLE
Senior VP & Chief Business Development Officer
Board of Directors Tenure

Average tenure and age of the Tutor Perini board of directors in years:

6.8
Average Tenure
71.5
Average Age
  • The tenure for the Tutor Perini board of directors is about average.
Board of Directors

Ronald Tutor

TITLE
Chairman & CEO
COMPENSATION
$23M
AGE
79
TENURE
20 yrs

Jack Frost

TITLE
President
COMPENSATION
$5M
AGE
66
TENURE
4.4 yrs

Robert Band

TITLE
Chairman
COMPENSATION
$814K
AGE
72

Michael Klein

TITLE
Lead Independent Director
COMPENSATION
$269K
AGE
77

Dale Reiss

TITLE
Director
COMPENSATION
$265K
AGE
71
TENURE
5.2 yrs

Raymond Oneglia

TITLE
Independent Director
COMPENSATION
$239K
AGE
71
TENURE
19.3 yrs

Peter Arkley

TITLE
Independent Director
COMPENSATION
$242K
AGE
65
TENURE
19.2 yrs

Dick Tevrizian

TITLE
Independent Director
COMPENSATION
$239K
AGE
79
TENURE
7.8 yrs

Sid Feltenstein

TITLE
Director
COMPENSATION
$235K
AGE
78
TENURE
5.7 yrs

Robert Lieber

TITLE
Independent Director
COMPENSATION
$249K
AGE
65
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • Tutor Perini individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Jun 19 Sell Ronald Tutor Individual 18. Jun 19 18. Jun 19 -50,000 $13.31 $-665,500
15. May 19 Sell Ronald Tutor Individual 13. May 19 14. May 19 -50,000 $16.58 $-827,600
22. Dec 18 Sell Ronald Tutor Individual 19. Dec 18 19. Dec 18 -75,000 $16.13 $-1,209,750
22. Dec 18 Sell Dale Reiss Individual 20. Dec 18 20. Dec 18 -4,000 $15.78 $-63,120
22. Dec 18 Sell Donald Snyder Individual 19. Dec 18 19. Dec 18 -6,000 $16.89 $-101,340
14. Nov 18 Sell Donald Snyder Individual 13. Nov 18 13. Nov 18 -6,839 $17.09 $-116,879
14. Nov 18 Buy Sidney Feltenstein Individual 12. Nov 18 12. Nov 18 20,000 $17.23 $344,600
29. Aug 18 Sell Ronald Tutor Individual 27. Aug 18 28. Aug 18 -32,574 $20.13 $-654,836
24. Aug 18 Sell Ronald Tutor Individual 22. Aug 18 24. Aug 18 -67,426 $20.32 $-1,359,676
X
Management checks
We assess Tutor Perini's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tutor Perini has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TPC News

Simply Wall St News

Is Tutor Perini (NYSE:TPC) Using Too Much Debt?

Check out our latest analysis for Tutor Perini What Is Tutor Perini's Debt? … Because it carries more debt than cash, we think it's worth watching Tutor Perini's balance sheet over time. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Simply Wall St -

Is Tutor Perini Corporation's (NYSE:TPC) Stock Available For A Good Price After Accounting For Growth?

But, to be able to properly assess the value of a high-growth stock such as Tutor Perini, we must incorporate its earnings growth in our valuation. … A PE ratio of 6.94x and expected year-on-year earnings growth of 21% give Tutor Perini an extremely low PEG ratio of 0.32x. … This means that, when we account for Tutor Perini's growth, the stock can be viewed as relatively cheap , based on its fundamentals.

Simply Wall St -

Should You Worry About Tutor Perini Corporation’s (NYSE:TPC) ROCE?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Tutor Perini: 0.073 = US$216m ÷ (US$4.6b - US$1.6b) (Based on the trailing twelve months to March 2019.) So, Tutor Perini has an ROCE of 7.3%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise. … Tutor Perini's ROCE is improved somewhat by its moderate amount of current liabilities.

Simply Wall St -

Should You Be Holding Tutor Perini Corporation (NYSE:TPC)?

Investors have the opportunity to buy into the stock to reap capital gains, if TPC's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … NYSE:TPC Past and Future Earnings, May 27th 2019 TPC's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. … NYSE:TPC Historical Debt, May 27th 2019 Next Steps: For Tutor Perini, I've compiled three relevant aspects you should look at: Historical Performance: What has TPC's returns been like over the past?

Simply Wall St -

These Factors Make Tutor Perini Corporation (NYSE:TPC) An Interesting Investment

Very undervalued with reasonable growth potential TPC's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. … Investors have the opportunity to buy into the stock to reap capital gains, if TPC's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … Also, relative to the rest of its peers with similar levels of earnings, TPC's share price is trading below the group's average.

Simply Wall St -

Calculating The Fair Value Of Tutor Perini Corporation (NYSE:TPC)

by taking the expected future cash flows and discounting them to their present value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Tutor Perini Corporation (NYSE:TPC): Poised For Long Term Success?

Based on Tutor Perini Corporation's (NYSE:TPC) earnings update in December 2018,. … with earnings expected to grow by 38% in the upcoming year … the past 5-year average growth rate of 5.2%

Simply Wall St -

Is It Too Late To Consider Buying Tutor Perini Corporation (NYSE:TPC)?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain. … Let’s examine Tutor Perini’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Does Tutor Perini Corporation (NYSE:TPC) Have A Good P/E Ratio?

We'll show how you can use Tutor Perini Corporation's (NYSE:TPC) P/E ratio to inform your assessment of the investment opportunity. … Tutor Perini has a P/E ratio of 11.38, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Worried About Insider Transactions At Tutor Perini Corporation (NYSE:TPC)?

So we'll take a look at whether insiders have been buying or selling shares in Tutor Perini Corporation (NYSE:TPC). … We usually pause to reflect on the potential that a stock has a high valuation, if insiders have been selling at around the current price. … It's not particularly great to see insiders were selling shares around current prices

Simply Wall St -

TPC Company Info

Description

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities. This segment also provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers services in various specialized building markets, including hospitality and gaming, transportation, healthcare, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, and industrial and high-tech. The Specialty Contractors segment provides electrical, mechanical, plumbing, fire protection systems, and pneumatically placed concrete services, as well as heating, ventilation, and air conditioning services for the industrial, commercial, hospitality and gaming, and mass-transit end markets. Tutor Perini Corporation also offers general contracting, pre-construction planning, and project management services, including planning and scheduling of manpower, equipment, materials, and subcontractors; and self-performed construction services comprising site work, concrete forming and placement, steel erection, electrical, and mechanical. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.

Details
Name: Tutor Perini Corporation
TPC
Exchange: NYSE
Founded: 1894
$672,916,817
50,180,225
Website: http://www.tutorperini.com
Address: Tutor Perini Corporation
15901 Olden Street,
Sylmar,
California, 91342,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TPC Common Stock New York Stock Exchange US USD 02. Jan 1969
DB PE2 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1969
Number of employees
Current staff
Staff numbers
8,200
Tutor Perini employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:43
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/01
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.