Tetra Tech
Market Cap
US$5.1b
Last Updated
2020/02/27 01:13 UTC
Data Sources
Company Financials +
Executive Summary
Tetra Tech, Inc. provides consulting and engineering services worldwide.
Rewards
Risk Analysis
No risks detected for TTEK from our risk checks.
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Tetra Tech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TTEK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.0%
TTEK
-5.0%
US Commercial Services
-7.6%
US Market
1 Year Return
56.5%
TTEK
13.7%
US Commercial Services
10.2%
US Market
Return vs Industry: TTEK exceeded the US Commercial Services industry which returned 13.7% over the past year.
Return vs Market: TTEK exceeded the US Market which returned 10.2% over the past year.
Shareholder returns
| TTEK | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | -5.0% | -7.6% |
| 30 Day | 4.9% | -2.4% | -4.5% |
| 90 Day | 6.4% | 1.6% | -0.6% |
| 1 Year | 57.7%56.5% | 17.6%13.7% | 12.5%10.2% |
| 3 Year | 135.6%129.9% | 54.0%43.8% | 37.1%28.3% |
| 5 Year | 281.1%263.9% | 91.5%71.1% | 60.8%43.2% |
Price Volatility Vs. Market
How volatile is Tetra Tech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Tetra Tech (NASDAQ:TTEK) A Risky Investment?1 week ago | Simply Wall St
Is Tetra Tech, Inc. (NASDAQ:TTEK) Potentially Undervalued?3 weeks ago | Simply Wall St
Results: Tetra Tech, Inc. Exceeded Expectations And The Consensus Has Updated Its EstimatesValuation
Is Tetra Tech undervalued compared to its fair value and its price relative to the market?
31.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TTEK ($93.93) is trading above our estimate of fair value ($67.27)
Significantly Below Fair Value: TTEK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TTEK is poor value based on its PE Ratio (31.4x) compared to the Commercial Services industry average (27.1x).
PE vs Market: TTEK is poor value based on its PE Ratio (31.4x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: TTEK is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: TTEK is overvalued based on its PB Ratio (5x) compared to the US Commercial Services industry average (1.9x).
Next Steps
Future Growth
How is Tetra Tech forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TTEK's forecast earnings growth (10% per year) is above the savings rate (1.7%).
Earnings vs Market: TTEK's earnings (10% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: TTEK's earnings are forecast to grow, but not significantly.
Revenue vs Market: TTEK's revenue (4.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TTEK's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TTEK's Return on Equity is forecast to be low in 3 years time (18.5%).
Next Steps
Past Performance
How has Tetra Tech performed over the past 5 years?
22.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TTEK has high quality earnings.
Growing Profit Margin: TTEK's current net profit margins (6.7%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: TTEK's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: TTEK's earnings growth over the past year (23.4%) exceeds its 5-year average (22% per year).
Earnings vs Industry: TTEK earnings growth over the past year (23.4%) exceeded the Commercial Services industry -4.6%.
Return on Equity
High ROE: TTEK's Return on Equity (16%) is considered low.
Next Steps
Financial Health
How is Tetra Tech's financial position?
Financial Position Analysis
Short Term Liabilities: TTEK's short term assets ($1.1B) exceed its short term liabilities ($712.5M).
Long Term Liabilities: TTEK's short term assets ($1.1B) exceed its long term liabilities ($613.3M).
Debt to Equity History and Analysis
Debt Level: TTEK's debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: TTEK's debt to equity ratio has increased from 20.3% to 33.5% over the past 5 years.
Debt Coverage: TTEK's debt is well covered by operating cash flow (59.8%).
Interest Coverage: TTEK's interest payments on its debt are well covered by EBIT (15.3x coverage).
Balance Sheet
Inventory Level: TTEK has a low level of unsold assets or inventory.
Debt Coverage by Assets: TTEK's debt is covered by short term assets (assets are 3.1x debt).
Next Steps
Dividend
What is Tetra Tech's current dividend yield, its reliability and sustainability?
0.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TTEK's dividend (0.64%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: TTEK's dividend (0.64%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: TTEK is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: TTEK is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TTEK is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TTEK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.7yrs
Average management tenure
CEO
Dan Batrack (61yo)
14.3yrs
Tenure
US$6,499,036
Compensation
Mr. Dan L. Batrack has been Chairman and Chief Executive Officer of Tetra Tech, Inc. since January 30, 2008 and November 17, 2005 respectively and served as its President since October 2008 until October 2 ...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD6.50M) is about average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.3yrs | US$6.50m | 0.51% $26.1m | |
| President | 0.4yrs | US$1.83m | 0.12% $6.3m | |
| CFO, Executive VP & Treasurer | 8.8yrs | US$1.89m | 0.11% $5.4m | |
| Senior VP | 2.3yrs | US$1.21m | 0.0018% $93.5k | |
| Senior VP | 2.3yrs | US$1.36m | 0.0042% $217.8k | |
| Senior VP | 8.7yrs | no data | 0.010% $516.7k | |
| Senior VP & Chief Information Officer | 13.2yrs | no data | 0.069% $3.5m | |
| Senior Vice President of Corporate Administration | 0yrs | US$1.01m | 0.076% $3.9m | |
| Senior VP | 2.1yrs | no data | 0.0024% $125.3k | |
| Senior VP | 10.4yrs | US$148.99k | 0.15% $7.9m |
8.7yrs
Average Tenure
59yo
Average Age
Experienced Management: TTEK's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.3yrs | US$6.50m | 0.51% $26.1m | |
| Chairman Emeritus | 13.9yrs | US$703.32k | no data | |
| Independent Director | 14.8yrs | US$249.29k | 0.086% $4.4m | |
| Presiding Director | 0yrs | US$282.79k | 0.043% $2.2m | |
| Independent Director | 17.1yrs | US$256.29k | 0.044% $2.3m | |
| Independent Director | 27.2yrs | US$254.29k | 0.016% $824.9k | |
| Independent Director | 32yrs | US$259.79k | 0.12% $6.3m | |
| Independent Director | 3.3yrs | US$259.29k | 0.010% $529.1k | |
| Independent Director | 6.6yrs | US$259.79k | 0.026% $1.3m | |
| Independent Director | 1.6yrs | US$271.29k | 0.0020% $101.2k |
13.9yrs
Average Tenure
65.5yo
Average Age
Experienced Board: TTEK's board of directors are seasoned and experienced ( 13.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TTEK 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
Tetra Tech, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tetra Tech, Inc.
- Ticker: TTEK
- Exchange: NasdaqGS
- Founded: 1966
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: US$5.136b
- Shares outstanding: 54.68m
- Website: https://www.tetratech.com
Number of Employees
Location
- Tetra Tech, Inc.
- 3475 East Foothill Boulevard
- Pasadena
- California
- 91107
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TTEK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 1991 |
| TT6 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1991 |
| TTEK * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 1991 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 01:13 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/29 |
| Annual Earnings | 2019/09/29 |
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.