NYSE:TPC

Stock Analysis Report

Executive Summary

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide.

Snowflake

Fundamentals

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

7.0%

TPC

3.5%

US Construction

1.0%

US Market


1 Year Return

2.7%

TPC

8.1%

US Construction

8.0%

US Market

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

Return vs Market: TPC underperformed the US Market which returned 8% over the past year.


Shareholder returns

TPCIndustryMarket
7 Day7.0%3.5%1.0%
30 Day27.1%3.8%-0.07%
90 Day21.1%2.6%-1.0%
1 Year2.7%2.7%9.0%8.1%10.4%8.0%
3 Year-14.9%-14.9%28.3%25.4%46.2%36.7%
5 Year-39.7%-39.7%25.3%21.0%64.3%46.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

45.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPC ($16.6) is trading below our estimate of fair value ($30.36)

Significantly Below Fair Value: TPC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TPC is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: TPC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TPC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TPC is good value based on its PB Ratio (0.6x) compared to the US Construction industry average (1.7x).


Next Steps

Future Growth

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

103.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TPC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TPC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TPC's revenue (6.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: TPC's revenue (6.3% 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 (6.6%).


Next Steps

Past Performance

How has Tutor Perini performed over the past 5 years?

-13.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TPC is unprofitable, and losses have increased over the past 5 years at a rate of -13.3% 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 (2.6%).


Return on Equity

High ROE: TPC has a negative Return on Equity (-15.43%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TPC is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TPC is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Tutor Perini's financial position?


Financial Position Analysis

Short Term Liabilities: TPC's short term assets ($3.5B) exceeds its short term liabilities ($1.7B)

Long Term Liabilities: TPC's short term assets (3.5B) exceeds its long term liabilities (1.2B)


Debt to Equity History and Analysis

Debt Level: TPC's debt to equity ratio (64.2%) is considered high

Reducing Debt: TPC's debt to equity ratio has increased from 63.9% to 64.2% over the past 5 years.

Debt Coverage: TPC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TPC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: TPC has a low level of unsold assets or inventory.

Debt Coverage by Assets: TPC's debt is covered by short term assets (assets are 3.690360x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate TPC'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 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.


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 TPC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

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

4.1yrs

Average management tenure


CEO

Ronald Tutor (79yo)

19.6yrs

Tenure

US$23,492,298

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 ($USD23.49M) is above average for companies of similar size in the US market ($USD2.67M).

Compensation vs Earnings: Ronald's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

4.1yrs

Average Tenure

60yo

Average Age

Experienced Management: TPC's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

71.5yo

Average Age

Experienced Board: TPC's board of directors are considered experienced (7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$665,50020 Jun 19
Ronald Tutor
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares50,000
Max PriceUS$13.31
SellUS$827,60015 May 19
Ronald Tutor
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares50,000
Max PriceUS$16.58
SellUS$63,12022 Dec 18
Dale Reiss
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceUS$15.78
SellUS$101,34022 Dec 18
Donald Snyder
EntityIndividual
Shares6,000
Max PriceUS$16.89
SellUS$1,209,75022 Dec 18
Ronald Tutor
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares75,000
Max PriceUS$16.13
SellUS$116,87914 Nov 18
Donald Snyder
EntityIndividual
Shares6,839
Max PriceUS$17.09
BuyUS$344,60014 Nov 18
Sidney Feltenstein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$17.23

Ownership Breakdown


Management Team

  • Ronald Tutor (79yo)

    Chairman & CEO

    • Tenure: 19.6yrs
    • Compensation: US$23.49m
  • Craig Shaw (64yo)

    Executive Vice President

    • Tenure: 6.4yrs
    • Compensation: US$1.56m
  • Jack Frost (66yo)

    President

    • Tenure: 4.7yrs
    • Compensation: US$4.83m
  • John Barrett

    Executive VP

    • Tenure: 0yrs
  • Bill Palmer

    Senior VP & Chief Business Development Officer

    • Tenure: 0yrs
  • Wendy Hallgren (51yo)

    Executive VP & General Counsel

    • Tenure: 1.2yrs
    • Compensation: US$460.83k
  • Gary Smalley (60yo)

    Executive VP & CFO

    • Tenure: 4.1yrs
    • Compensation: US$4.33m
  • Jorge Casado (50yo)

    Vice President of Investor Relations & Corporate Communications

    • Tenure: 0yrs
  • Ryan Soroka (37yo)

    Chief Accounting Officer & VP

    • Tenure: 2.5yrs
  • Jean Abiassi

    President and CEO of Building & Specialty Contractors Groups

    • Tenure: 0.08yrs

Board Members

  • Sid Feltenstein (78yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: US$234.80k
  • Ronald Tutor (79yo)

    Chairman & CEO

    • Tenure: 19.6yrs
    • Compensation: US$23.49m
  • Robert Band (72yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: US$813.55k
  • Michael Klein (77yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$269.30k
  • Raymond Oneglia (71yo)

    Independent Director

    • Tenure: 19.6yrs
    • Compensation: US$238.70k
  • Peter Arkley (65yo)

    Independent Director

    • Tenure: 19.4yrs
    • Compensation: US$242.30k
  • Dale Reiss (71yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$265.10k
  • Jack Frost (66yo)

    President

    • Tenure: 4.7yrs
    • Compensation: US$4.83m
  • Robert Lieber (65yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$248.70k
  • Dick Tevrizian (79yo)

    Independent Director

    • Tenure: 8.1yrs
    • Compensation: US$238.70k

Company Information

Tutor Perini Corporation's company bio, 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
  • Market Cap: US$834.628m
  • Shares outstanding: 50.28m
  • Website: https://www.tutorperini.com

Number of Employees


Location

  • Tutor Perini Corporation
  • 15901 Olden Street
  • Sylmar
  • California
  • 91342
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPCNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
PE2DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969

Biography

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. The compan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:41
End of Day Share Price2019/10/22 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.