MYR Group Inc
Exchange: NASDAQSector: IndustrialsIndustry: Engineering & Construction
MYR Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance and repair of commercial and industrial wiring generally for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies and developers.
Did you know?
Currently trading near its 52-week high — in the top 0% of its range.
Current Price
$433.49
+7.08%GoodMoat Value
$565.49
30.5% undervaluedProfile
Valuation (TTM)
Market Cap$6.74B
P/E47.47
EV—
P/B10.20
Shares Out15.54M
P/Sales1.76
Revenue$3.82B
EV/EBITDA24.99
MYR Group Inc (MYRG) Stock Analysis
Market Cap$6.74B
Current Price$433.49
P/E Ratio47.47
Forward P/E—
PEG Ratio0.45
EPS$7.53
Book Value$42.50
P/B Ratio10.20
MYRG Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 50.0% FCF growth (CAGR)
Cash vs Debt
Net Cash: 47M
Revenue
2.1B
FY19
2.2B
FY20
2.5B
FY21
3.0B
FY22
3.6B
FY23
3.4B
FY24
3.7B
FY25
Net Income
38M
FY19
59M
FY20
85M
FY21
83M
FY22
91M
FY23
30M
FY24
118M
FY25
MYRG 52-Week Range
$152.90
$433.49
50-Day MA: $296.24200-Day MA: $234.57
Did you know?
Trading 30% below its estimated fair value of $565.49.
MYR Group Inc (MYRG) Financial Summary
MYR Group Inc (MYRG) is a Industrials company in the Engineering & Construction industry, listed on NASDAQ. The stock currently trades at $433.49 with a market capitalization of $6.74B.
Key valuation metrics include a P/E ratio of 47.47, price-to-book ratio of 10.20, and EPS of $7.53. The company reports a profit margin of 3.7% and return on equity of 21.5%.
MYRG Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $6.74B |
| P/E Ratio | 47.47 |
| EPS | $7.53 |
| P/B Ratio | 10.20 |
| P/S Ratio | 1.76 |
| EV/EBITDA | 24.99 |
| Profit Margin | 3.7% |
| Return on Equity | 21.5% |
| Debt/Equity | 0.16 |
MYRG Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $2.07B | $37.69M |
| FY20 | $2.25B | $58.76M |
| FY21 | $2.50B | $85.01M |
| FY22 | $3.01B | $83.38M |
| FY23 | $3.64B | $90.99M |
| FY24 | $3.36B | $30.26M |
| FY25 | $3.66B | $118.42M |
MYR Group Inc (MYRG) Valuation
Based on GoodMoat's DCF model, MYR Group Inc has a fair value estimate of $565.49. At the current price of $433.49, the stock appears 23.3% undervalued relative to our intrinsic value estimate.
MYRG Quality Indicators
MYR Group Inc maintains a profit margin of 3.7% and an operating margin of 4.6%. Return on equity stands at 21.5%. The current ratio is 1.33. Debt-to-equity ratio is 0.16.
About MYR Group Inc
MYR Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance and repair of commercial and industrial wiring generally for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies and developers.
MYRG Free Cash Flow
MYR Group Inc generated $240.39M in trailing twelve-month free cash flow, representing an FCF yield of 3.57%. This moderate FCF yield indicates reasonable cash generation.
MYRG Shares Outstanding
MYR Group Inc has 0.02 billion shares outstanding at a share price of $433.49, giving it a market capitalization of $6.74B.