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Quanta Services Inc PWR

Morningstar Rating
$240.89 −0.62 (0.26%)
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Company Report

Quanta Services Earnings: 2024 Guidance in Line; Improving Returns Boosts Fair Value Estimate

We increase our fair value estimate to $165 from $138 for no-moat Quanta Services following its fourth-quarter results. The main driver of our fair value increase is Quanta’s improving returns on invested capital, which drives a higher medium-term valuation beyond our explicit forecast. Despite the fair value increase, we continue to view shares as overvalued.

Price vs Fair Value

PWR is trading at a 46% premium.
Price
$240.89
Fair Value
$522.00
Uncertainty
High
1-Star Price
$426.92
5-Star Price
$59.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Quanta offers exposure to secular growth in electric transmission and distribution spending.

Bears

Persistent inflation could be a headwind for electric transmission and distribution investment, which has benefited from low commodity prices.

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News

Trading Information

Previous Close Price
$241.51
Day Range
$238.98242.54
52-Week Range
$151.70242.54
Bid/Ask
$239.80 / $241.28
Market Cap
$35.11 Bil
Volume/Avg
845,969 / 964,293

Key Statistics

Price/Earnings (Normalized)
35.37
Price/Sales
1.72
Dividend Yield (Trailing)
0.14%
Dividend Yield (Forward)
0.15%
Total Yield
0.14%

Company Profile

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure. In 2021, the company acquired Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry.
Sector
Industrials
Industry
Engineering & Construction
Stock Style Box
Mid Growth
Total Number of Employees
52,500

Competitors

Valuation

Metric
PWR
KBR
FLR
Price/Earnings (Normalized)
35.3721.0213.53
Price/Book Value
5.595.853.22
Price/Sales
1.721.160.36
Price/Cash Flow
23.6922.8517.20
Price/Earnings
PWR
KBR
FLR

Financial Strength

Metric
PWR
KBR
FLR
Quick Ratio
1.360.951.49
Current Ratio
1.471.051.60
Interest Coverage
6.13−0.442.45
Quick Ratio
PWR
KBR
FLR

Profitability

Metric
PWR
KBR
FLR
Return on Assets (Normalized)
7.23%6.20%6.87%
Return on Equity (Normalized)
18.44%23.09%25.86%
Return on Invested Capital (Normalized)
11.89%12.66%10.83%
Return on Assets
PWR
KBR
FLR
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Economic Moat
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LTOUF
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J
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ACM
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KBR
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MTZ
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FLR
Fluor CorpZppr$6.2 Bil

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