Fluor Corp (NYSE: FLR)

Sector: Industrials Industry: Engineering & Construction CIK: 0001124198
P/B 1.42
P/E 2.18
P/S 0.47
Market Cap 7.36 Bn
ROIC (Qtr) -2.79
Div Yield % 0.00
Rev 1y % (Qtr) -17.73
Total Debt (Qtr) 1.07 Bn
Debt/Equity (Qtr) 0.21

About

Stock Price Chart

Analysis

Pros

  • Strong tangible asset base of 11.47B provides 10.72x coverage of total debt 1.07B, indicating robust asset backing and low credit risk.
  • Operating cash flow of 306M provides strong 10.55x coverage of stock compensation 29M, indicating sustainable incentive practices.
  • Strong operating cash flow of 306M provides 1.64x coverage of SG&A expenses 187M, showing efficient operational cost management.
  • Robust free cash flow of 231M exceeds capital expenditure of 75M by 3.08x, indicating strong organic growth funding capability.
  • Long-term investments of 4.82B provide solid 4.51x coverage of long-term debt 1.07B, indicating strategic financial planning.

Cons

  • Operating cash flow of 306M provides minimal 0.31x coverage of tax expenses of 997M, suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Long-term investments of 4.82B represent a high 10.07x of fixed assets 479M, indicating potential overexposure to financial assets versus operational capabilities.
  • Free cash flow of 231M represents just -4.62x of debt issuance (50M), suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Retained earnings of 4.64B provide limited buffer against comprehensive income items of (283M), which is -16.40x, indicating elevated exposure to market risks.
  • Operating cash flow of 306M shows concerning coverage of minority interest expenses of (21M), which is -14.57x, suggesting complex corporate structure risks.

Peer Comparison

Companies in the Engineering & Construction
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 PWR Quanta Services, Inc. 65.02 Bn 63.86 2.39 6.02 Bn
2 FER Ferrovial SE 48.37 Bn 14.34 5.08 -
3 FIX Comfort Systems Usa Inc 34.25 Bn 40.89 4.12 0.39 Bn
4 EME EMCOR Group, Inc. 28.27 Bn 25.01 1.74 0.42 Bn
5 MTZ Mastec Inc 17.18 Bn 51.88 1.25 2.77 Bn
6 APG APi Group Corp 16.45 Bn 105.48 2.15 3.05 Bn
7 J Jacobs Solutions Inc. 16.43 Bn 56.79 1.37 2.71 Bn
8 ACM Aecom 13.10 Bn 23.31 0.81 3.23 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 0.55 1.60
EV to Cash from Ops. 20.47 6.21
EV to Debt 5.85 12.02
EV to EBIT 1.42 16.63
EV to EBITDA -39.14 13.11
EV to Free Cash Flow [EV/FCF] 27.11 64.21
EV to Market Cap 0.85 1.27
EV to Revenue 0.40 1.63
Price to Book Value [P/B] 1.42 5.92
Price to Earnings [P/E] 2.18 28.08

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 2.56
Dividend Payout Ratio % 0.00 17.64
Dividend per Basic Share 0.00 0.24
FCF Dividend Payout Ratio % 0.00 8.25
Interest Coverage 102.91 80.17

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 38.52 -167.27
Cash and Equivalents Growth (1y) % -4.67 637.93
Dividend Growth (1y) % 0.00 2.92
EBIAT Growth (1y) % 1,098.91 92.73
EBITDA Growth (1y) % -153.33 8.03
EBIT Growth (1y) % 711.93 85.41
EBT Growth (1y) % 781.69 42.19
EPS Growth (1y) % 1,254.05 43.98
FCF Growth (1y) % -66.38 -20.57
Gross Profit Growth (1y) % -110.44 32.55

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 1.36 1.14
Cash Payout Ratio 0.00 0.05
Cash Ratio 0.73 0.38
Current Ratio 1.45 1.54
Debt to Equity Ratio 0.21 0.89
Interest Cover Ratio 102.91 80.17
Times Interest Earned 102.91 80.17

Profitability

Metric Value Industry Percentile
EBITDA Margin % 28.80 0.40
EBIT Margin % 28.39 -2.30
EBT Margin % 28.11 -4.58
Gross Margin % -0.30 20.40
Net Profit Margin % 21.70 -5.95