Tetra Tech
Tetra Tech, Inc. provides consulting and engineering services worldwide. The last earnings update was 77 days ago. More info.
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TTEK Share Price and Events
7 Day Returns
1 Year Returns
TTEK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tetra Tech (TTEK) | 3.8% | 7.8% | 18.2% | 23% | 107.2% | 123.6% |
| US Commercial Services | 2.6% | 4.8% | 9.3% | 11.4% | 55.9% | 80.2% |
| US Market | 0.2% | 2.1% | 8.5% | 6.3% | 37.9% | 45.7% |
1 Year Return vs Industry and Market
- TTEK outperformed the Commercial Services industry which returned 11.4% over the past year.
- TTEK outperformed the Market in United States of America which returned 6.3% over the past year.
Value
Is Tetra Tech 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
Tetra Tech
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tetra Tech.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.8% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (7.53%)) |
0.851 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.851 * 5.96%) |
7.8% |
Discounted Cash Flow Calculation for NasdaqGS:TTEK using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tetra Tech 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.8%) |
|
|---|---|---|---|
| 2019 | 137.50 | Analyst x4 | 127.55 |
| 2020 | 179.19 | Analyst x4 | 154.19 |
| 2021 | 243.10 | Analyst x2 | 194.03 |
| 2022 | 261.07 | Est @ 7.39% | 193.29 |
| 2023 | 276.72 | Est @ 5.99% | 190.04 |
| 2024 | 290.59 | Est @ 5.01% | 185.12 |
| 2025 | 303.17 | Est @ 4.33% | 179.15 |
| 2026 | 314.84 | Est @ 3.85% | 172.58 |
| 2027 | 325.90 | Est @ 3.51% | 165.71 |
| 2028 | 336.59 | Est @ 3.28% | 158.75 |
| Present value of next 10 years cash flows | $1,720.41 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $336.59 × (1 + 2.73%) ÷ (7.8% – 2.73%) |
$6,813.74 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $6,813.74 ÷ (1 + 7.8%)10 |
$3,213.73 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,720.41 + $3,213.73 |
$4,934.14 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $4,934.14 / 55.21 |
$89.37 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $89.37 |
| Current discount | Discount to share price of
$63.24
= -1 x ($63.24 - $89.37) / $89.37 |
29.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Tetra Tech's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Tetra Tech's share price is below the future cash flow value, but not 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 Tetra Tech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tetra Tech's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-30) in USD | $2.39 |
| NasdaqGS:TTEK Share Price ** | NasdaqGS (2019-04-18) in USD | $63.24 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 51 Publicly-Listed Commercial Services Companies | 21.52x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tetra Tech.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:TTEK Share Price ÷ EPS (both in USD) = 63.24 ÷ 2.39 |
26.45x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tetra Tech is overvalued based on earnings compared to the US Commercial Services industry average.
- Tetra Tech is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Tetra Tech's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 26.45x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
10.4%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.72x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 26.45x ÷ 10.4% |
2.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tetra Tech is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Tetra Tech's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-30) in USD | $17.25 |
| NasdaqGS:TTEK Share Price * | NasdaqGS (2019-04-18) in USD | $63.24 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 87 Publicly-Listed Commercial Services Companies | 2.1x |
| United States of America Market PB Ratio | Median Figure of 5,178 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:TTEK Share Price ÷ Book Value per Share (both in USD) = 63.24 ÷ 17.25 |
3.67x |
* Primary Listing of Tetra Tech.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tetra Tech is overvalued based on assets compared to the US Commercial Services industry average.
Value checks
We assess Tetra Tech's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) Tetra Tech has a total score of 1/6, 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.
Future Performance
How is Tetra Tech expected to perform in the next 1 to 3 years based on estimates from 7 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!
Earnings growth vs Low Risk Savings
- Tetra Tech's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Tetra Tech's earnings growth is positive but not above the United States of America market average.
- Tetra Tech's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:TTEK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 10.4% |
| NasdaqGS:TTEK Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 6.5% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-09-30 | 2,550 | 296 | 192 | 2 |
| 2020-09-30 | 2,535 | 188 | 179 | 7 |
| 2019-09-30 | 2,301 | 145 | 165 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-30 | 2,209 | 219 | 133 |
| 2018-09-30 | 2,201 | 177 | 137 |
| 2018-07-01 | 2,182 | 143 | 143 |
| 2018-04-01 | 2,110 | 111 | 139 |
| 2017-12-31 | 2,089 | 139 | 137 |
| 2017-10-01 | 2,034 | 138 | 118 |
| 2017-07-02 | 2,031 | 124 | 115 |
| 2017-04-02 | 2,031 | 162 | 110 |
| 2017-01-01 | 1,998 | 60 | 87 |
| 2016-10-02 | 1,929 | 142 | 84 |
| 2016-06-26 | 1,825 | 119 | 21 |
| 2016-03-27 | 1,749 | 168 | 21 |
*GAAP earnings excluding extraordinary items.
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 7 Analyst Estimates (S&P Global) | See Below |
All data from Tetra Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-09-30 | 3.50 | 3.64 | 3.35 | 2.00 |
| 2020-09-30 | 3.26 | 3.35 | 3.06 | 7.00 |
| 2019-09-30 | 2.98 | 3.11 | 2.91 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-30 | 2.39 |
| 2018-09-30 | 2.46 |
| 2018-07-01 | 2.55 |
| 2018-04-01 | 2.47 |
| 2017-12-31 | 2.43 |
| 2017-10-01 | 2.07 |
| 2017-07-02 | 2.00 |
| 2017-04-02 | 1.92 |
| 2017-01-01 | 1.51 |
| 2016-10-02 | 1.44 |
| 2016-06-26 | 0.36 |
| 2016-03-27 | 0.36 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Tetra Tech's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tetra Tech has a total score of 1/6, 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.
Past Performance
How has Tetra Tech 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
Past Earnings growth analysis
- Tetra Tech has delivered over 20% year on year earnings growth in the past 5 years.
- Tetra Tech's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Tetra Tech's 1-year earnings growth is negative, it can't be compared to the US Commercial Services industry average.
Earnings and Revenue History
All data from Tetra Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-30 | 2,209.25 | 132.85 | 184.34 | |
| 2018-09-30 | 2,200.73 | 136.88 | 188.62 | |
| 2018-07-01 | 2,182.02 | 142.55 | 188.97 | |
| 2018-04-01 | 2,110.15 | 139.21 | 182.86 | |
| 2017-12-31 | 2,089.31 | 137.35 | 181.27 | |
| 2017-10-01 | 2,034.01 | 117.87 | 177.22 | |
| 2017-07-02 | 2,030.83 | 114.51 | 178.43 | |
| 2017-04-02 | 2,030.99 | 110.22 | 179.05 | |
| 2017-01-01 | 1,997.80 | 87.11 | 174.26 | |
| 2016-10-02 | 1,929.21 | 83.78 | 171.99 | |
| 2016-06-26 | 1,825.34 | 20.95 | 169.39 | |
| 2016-03-27 | 1,748.60 | 21.47 | 165.39 | |
| 2015-12-27 | 1,702.59 | 36.74 | 167.50 | |
| 2015-09-27 | 1,718.72 | 39.07 | 170.46 | |
| 2015-06-28 | 1,753.92 | 93.38 | 174.22 | |
| 2015-03-29 | 1,790.78 | 93.84 | 180.40 | |
| 2014-12-28 | 1,814.01 | 106.53 | 182.11 | |
| 2014-09-28 | 1,859.92 | 108.27 | 187.30 | |
| 2014-06-29 | 1,929.28 | 110.88 | 186.97 | |
| 2014-03-30 | 1,945.66 | 5.84 | 196.54 | |
| 2013-12-29 | 2,010.63 | -1.05 | 200.72 | |
| 2013-09-29 | 2,024.83 | -2.14 | 199.73 | |
| 2013-06-30 | 2,029.54 | 3.09 | 204.59 | |
| 2013-03-31 | 2,071.27 | 110.53 | 201.26 | |
| 2012-12-30 | 2,027.21 | 107.99 | 205.29 | |
| 2012-09-30 | 2,022.07 | 104.38 | 207.53 | |
| 2012-07-01 | 1,961.75 | 100.35 | 211.16 |
*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.
- Tetra Tech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Tetra Tech used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
- Tetra Tech has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Tetra Tech's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tetra Tech has a total score of 3/6, 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.
Health
How is Tetra Tech'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 Tetra Tech's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tetra Tech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Tetra Tech's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 3.6x 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.
All data from Tetra Tech Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-30 | 954.30 | 263.00 | 66.50 |
| 2018-09-30 | 967.10 | 277.31 | 147.43 |
| 2018-07-01 | 936.29 | 437.69 | 214.04 |
| 2018-04-01 | 940.23 | 479.01 | 203.27 |
| 2017-12-31 | 947.12 | 447.94 | 173.14 |
| 2017-10-01 | 928.62 | 356.87 | 190.02 |
| 2017-07-02 | 915.03 | 325.81 | 138.80 |
| 2017-04-02 | 902.87 | 345.57 | 171.34 |
| 2017-01-01 | 872.74 | 388.77 | 126.98 |
| 2016-10-02 | 869.40 | 348.58 | 160.46 |
| 2016-06-26 | 863.87 | 367.17 | 153.92 |
| 2016-03-27 | 850.15 | 362.16 | 113.67 |
| 2015-12-27 | 843.94 | 191.45 | 125.09 |
| 2015-09-27 | 856.80 | 195.39 | 135.33 |
| 2015-06-28 | 954.42 | 237.63 | 175.18 |
| 2015-03-29 | 922.90 | 240.85 | 98.52 |
| 2014-12-28 | 997.05 | 201.55 | 98.89 |
| 2014-09-28 | 1,013.06 | 203.88 | 122.38 |
| 2014-06-29 | 1,066.16 | 205.23 | 188.87 |
| 2014-03-30 | 1,041.92 | 207.01 | 167.23 |
| 2013-12-29 | 1,018.24 | 207.08 | 160.80 |
| 2013-09-29 | 998.80 | 208.74 | 129.31 |
| 2013-06-30 | 976.96 | 212.44 | 146.34 |
| 2013-03-31 | 1,077.69 | 265.78 | 159.58 |
| 2012-12-30 | 1,051.21 | 149.66 | 151.60 |
| 2012-09-30 | 1,019.87 | 83.08 | 104.85 |
| 2012-07-01 | 968.15 | 142.79 | 140.67 |
- Tetra Tech's level of debt (27.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (20.3% vs 27.6% today).
- Debt is well covered by operating cash flow (83.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.4x coverage).
Financial health checks
We assess Tetra Tech's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tetra Tech has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Tetra Tech'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
If you bought
$2,000 of
Tetra Tech
shares you are expected to receive
$15
in your first year as a dividend.
Dividend Amount
- Tetra Tech's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Tetra Tech's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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.
| 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 7 Analyst Estimates (S&P Global) | See Below |
| United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 42 Stocks | 1.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 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 | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-09-30 | 0.48 | 1.00 |
| 2020-09-30 | 0.54 | 2.00 |
| 2019-09-30 | 0.50 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-07 | 0.480 | 0.840 |
| 2018-08-01 | 0.480 | 0.705 |
| 2018-05-02 | 0.480 | 0.848 |
| 2017-11-08 | 0.400 | 0.811 |
| 2017-05-03 | 0.400 | 0.882 |
| 2017-02-01 | 0.360 | 0.872 |
| 2016-11-09 | 0.360 | 0.844 |
| 2016-07-27 | 0.360 | 1.010 |
| 2016-01-27 | 0.320 | 1.097 |
| 2015-11-11 | 0.320 | 1.236 |
| 2015-07-30 | 0.320 | 1.230 |
| 2015-04-30 | 0.320 | 1.241 |
| 2015-01-29 | 0.280 | 1.134 |
| 2014-11-13 | 0.280 | 1.080 |
| 2014-07-30 | 0.280 | 1.098 |
| 2014-04-30 | 0.280 | 1.040 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tetra Tech is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Tetra Tech is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Tetra Tech's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tetra Tech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tetra Tech 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.
Management
CEO
| COMPENSATION | $5,997,319 |
| AGE | 60 |
| TENURE AS CEO | 13.4 years |
CEO Bio
Mr. Dan L. Batrack has been the President and Chief Executive Officer of Tetra Tech, Inc. since October 2008 and November 17, 2005 respectively and has been its the Chairman since January 30, 2008. Mr. Batrack manages Tetra Tech, Inc.'s original engineering operating division and is responsible for its day to day operations. He served as Senior Vice President of Tetra Tech, Inc. since November 2002 and as Executive Vice President since October 2004 and Chief Operating Officer since October 6, 2004. He joined predecessor of Tetra Tech Inc. in 1980. He served in numerous capacities over the 22 years, including Project Scientist, Project Manager, Office Manager, Operations Manager and Vice President. He has managed complex solutions for many small and Fortune 500 customers, both in the U.S and internationally. He serves as a Director of Tetra Tech EC, Inc. and Coffey International Limited. He has been Director of Tetra Tech Inc., since November 17, 2005. Mr. Batrack holds a B.A. in Business Administration from the University of Washington.
CEO Compensation
- Dan's compensation has been consistent with company performance over the past year.
- Dan's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Tetra Tech management team in years:
- The average tenure for the Tetra Tech management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Dan Batrack
Chairman
$6M
60
13.4 yrs
Steve Burdick
CFO, Executive VP & Treasurer
$2M
53
8 yrs
Leslie Shoemaker
Executive VP of Operations & President of CIG
$2M
61
1.4 yrs
Richard Lemmon
Senior Vice President of Corporate Administration
$1M
59
Roger Argus
Senior VP
$1M
57
1.4 yrs
Brian Carter
Senior VP
51
7.8 yrs
Craig Christensen
Senior VP & Chief Information Officer
65
12.3 yrs
Preston Hopson
Senior Vice President
42
1.3 yrs
William Brownlie
Senior VP & Chief Engineer
$149K
64
9.6 yrs
Derek Amidon
Senior VP & President of Commercial Account Management Division
51
1.4 yrs
Board of Directors Tenure
Average tenure and age of the Tetra Tech board of directors in years:
- The average tenure for the Tetra Tech board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Dan Batrack
Chairman
$6M
60
11.3 yrs
Li-San Hwang
Chairman Emeritus
$703K
83
13.1 yrs
Hugh Grant
Independent Director
$327K
81
16.3 yrs
Albert Smith
Presiding Director
$328K
68
3.3 yrs
Ken Thompson
Independent Director
$315K
66
12 yrs
Joanne Maguire
Independent Director
$308K
64
2.4 yrs
Patrick Haden
Independent Director
$304K
65
26.3 yrs
Chris Lewis
Independent Director
$309K
62
31.2 yrs
Kirsten Volpi
Independent Director
$309K
53
5.8 yrs
Kim Ritrievi
Independent Director
$303K
59
5.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Mar 19 | Sell | Derek Amidon | Individual | 15. Mar 19 | 15. Mar 19 | -4,618 | $58.97 | $-272,243 | ||
| 21. Feb 19 | Sell | Patrick Haden | Individual | 19. Feb 19 | 19. Feb 19 | -3,780 | $58.46 | $-220,979 | ||
| 27. Nov 18 | Sell | Brian Carter | Individual | 26. Nov 18 | 26. Nov 18 | -8,215 | $62.28 | $-511,624 | ||
| 27. Nov 18 | Sell | Roger Argus | Individual | 26. Nov 18 | 26. Nov 18 | -1,473 | $62.59 | $-92,197 | ||
| 16. Nov 18 | Sell | Kirsten Volpi | Individual | 14. Nov 18 | 14. Nov 18 | -1,200 | $66.94 | $-80,325 | ||
| 10. Aug 18 | Sell | Jan Auman | Individual | 08. Aug 18 | 08. Aug 18 | -1,979 | $68.70 | $-135,957 | ||
Management checks
We assess Tetra Tech's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tetra Tech 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.
News
Simply Wall St News
Tetra Tech, Inc. (NASDAQ:TTEK): Financial Strength Analysis
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Tetra Tech, Inc. … Don’t forget that this is a general and concentrated examination of Tetra Tech's financial health, so you should conduct further analysis. … Check out our latest analysis for Tetra Tech
Simply Wall St - – Full articleOur Take On Tetra Tech, Inc.'s (NASDAQ:TTEK) CEO Salary
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Dan Batrack's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$3.3b, and pays its CEO total annual compensation worth US$6.0m.
Simply Wall St - – Full articleDoes The Hype Around Tetra Tech, Inc.'s (NASDAQ:TTEK) Growth Justify Its March Share Price?
Growth expectations for Tetra Tech, Inc. … What can we expect from Tetra Tech in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for Tetra Tech
Simply Wall St - – Full articleDon't Sell Tetra Tech, Inc. (NASDAQ:TTEK) Before You Read This
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Tetra Tech has a price to earnings ratio of 24.53, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleShould You Like Tetra Tech, Inc.’s (NASDAQ:TTEK) High Return On Capital Employed?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleThe Tetra Tech Share Price Is Up 116% And Shareholders Are Boasting About It
(NASDAQ:TTEK) share price has soared 116% in the last three years. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, Tetra Tech achieved compound earnings per share growth of 55% per year.
Simply Wall St - – Full articleCalculating The Fair Value Of Tetra Tech, Inc. (NASDAQ:TTEK)
Today, I will calculate the stock's intrinsic value. … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Simply Wall St - – Full articleWho Has Been Selling Tetra Tech, Inc. (NASDAQ:TTEK) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Tetra Tech, Inc. … The Last 12 Months Of Insider Transactions At Tetra Tech. … So what is clear is that an insider saw fit to sell at around the current price of US$53.79
Simply Wall St - – Full articleHow To Take Advantage Of Tetra Tech, Inc. (NASDAQ:TTEK) In A Bear Market
And I'm not talking about buying into speculative, high-risk stocks. … I'm talking about the well-proven, robust track record Tetra Tech, Inc.. … View our latest analysis for Tetra Tech.
Simply Wall St - – Full articleHow Much Money Does Tetra Tech, Inc. (NASDAQ:TTEK) Make?
Two important questions to ask before you buy Tetra Tech, Inc. … I’ve analysed below, the health and outlook of Tetra Tech’s cash flow, which will help you understand the stock from a cash standpoint. … Is Tetra Tech generating enough cash
Simply Wall St - – Full articleCompany Info
Description
Tetra Tech, Inc. provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services. This segment serves federal, state, and local governments, and development agencies in water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a range of civil infrastructure master planning and engineering design markets. The CIG segment provides early data collection and monitoring, data analysis and information management, feasibility studies and assessments, science and engineering applied research, engineering design, construction management, and operations and maintenance services. This segment serves natural resources, energy, and utilities markets, as well as civil infrastructure master planning and engineering design markets. Tetra Tech, Inc. was founded in 1966 and is headquartered in Pasadena, California.
Details
| Name: | Tetra Tech, Inc. |
| TTEK | |
| Exchange: | NasdaqGS |
| Founded: | 1966 |
| $3,491,651,148 | |
| 55,212,700 | |
| Website: | http://www.tetratech.com |
| Address: |
Tetra Tech, Inc. 3475 East Foothill Boulevard, Pasadena, California, 91107, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | TTEK | Common Stock | Nasdaq Global Select | US | USD | 17. Dec 1991 | |
| DB | TT6 | Common Stock | Deutsche Boerse AG | DE | EUR | 17. Dec 1991 |
Number of employees
Current staff
Industry
| Environmental and Facilities Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 23:42 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/09 |
| Last earnings filing: | 2019/02/01 |
| Last earnings reported: | 2018/12/30 |
| Last annual earnings reported: | 2018/09/30 |
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.
