Emcor Group, Inc.

Industrials
Engineering & Construction
www.emcorgroup.com

Earnings Score
Moat Score

Market Cap $22.10B
PE 24
Debt $NaN
Cash $1.04B
EV $NaN
FCF $1.28B

Earnings

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Sales & Net Margins

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Earnings	$926.50M
EBIT	$1.28B
ROE	34%
ROA	18%
FCF	$1.28B
Equity	$2.76B
Growth Stability	48%
PE	23.86
PEG	0.63
PB	8.01
P/FCF	17.23
P/S	1.55
Price/Cash	0.05
Net Margins	7%
Gross Margins	18%
Op. Margins	9%
Earnings CAGR	16%
Sales Growth YoY	15%
Sales Growth QoQ	1%
Sales CAGR	8%
FCF CAGR	17%
Equity CAGR	6%
Earnings Stability	0.61
Earnings Growth YoY	60%
Earnings Growth QoQ	9%

Earnings CAGR 5Y	38%
Sales CAGR 5Y	11%
FCF CAGR 5Y	19%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	84%
Equity CAGR 3Y	13%
Market Cap	$22.10B
Revenue	$14.24B
Dividend Yield	0%
Payout Ratio	4%
Assets	$7.32B
Cash	$1.04B
Shares Outstanding	46M
Earnings Score	86%
Moat Score	93%
Working Capital	1.08B
Current Ratio	1.28
Gross Profit	$2.63B
Shares Growth 3y	-4%
Equity Growth QoQ	0%
Equity Growth YoY	21%

Assets & ROA

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Stockholders Equity & ROE

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EMCOR Group Inc is one of the largest electrical, mechanical, construction, and facilities services firms in the United States. It provides a wide range of services, including the installation of electrical distribution systems, voice & data communication systems, and environmental controls within buildings. The company's services are provided to a broad range of commercial, industrial, utility, and institutional customers. Emcor Group enters contracts for large installation projects in the multimillion-dollar range, or smaller projects involving renovations and retrofit work. It also operates as a subcontractor to general contractors, systems suppliers, and property managers. It generates sales primarily in the United States, but the company does offer services United kingdom.

SEC Filings

Direct access to Emcor Group, Inc. (EME) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Emcor Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Emcor Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 16%

Stability 61%

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Emcor Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Emcor Group, Inc..

Years

Calculation mode

= $41B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.3B	$1.5B	$1.7B	$2B	$2.4B	$2.8B	$3.2B	$3.8B	$4.4B	$5.1B	$5.9B	$59B
DCF		$1.4B	$1.4B	$1.5B	$1.6B	$1.7B	$1.8B	$1.9B	$2B	$2.2B	$2.3B	$23B
Value	$41B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	3%	3%	2%	3%	3%	4%	2%	4%	4%	5%	7%
ROA	-	8%	8%	8%	10%	10%	5%	10%	10%	13%	18%
ROE	-	12%	12%	14%	16%	16%	6%	17%	21%	26%	34%

Bad Net Margins (6.62%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	1.3	1.82	0.94	1.3	0.96	0.36	0.93	0.55	0.01	-
Debt over Equity	0.22	0.2	0.27	0.19	0.17	0.14	0.13	0.12	0.13	0	-
Growth Stability	-	-	-	100%	100%	100%	48%	100%	100%	100%	48%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (48%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	5%	12%	2%	6%	13%	-4%	13%	12%	14%	11%
Earnings YoY growth	-	2%	6%	25%	25%	15%	-59%	188%	6%	56%	38%
Equity YoY growth	-	4%	4%	9%	4%	18%	-0%	10%	-12%	25%	6%
FCF YoY growth	-	11%	-3%	47%	-31%	35%	147%	-63%	59%	83%	19%