Exponent Inc

Consumer Discretionary
Professional Services
www.exponent.com

Earnings Score
Moat Score

Market Cap $4.93B
PE 46
Debt $NaN
Cash $219.71M
EV $NaN
FCF $153.52M

Earnings

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Sales & Net Margins

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Earnings	$106.34M
EBIT	$146.13M
ROE	26%
ROA	20%
FCF	$153.52M
Equity	$410.27M
Growth Stability	94%
PE	46.34
PEG	8.08
PB	12.01
P/FCF	32.1
P/S	9.05
Price/Cash	0.04
Net Margins	20%
Op. Margins	27%
Earnings CAGR	12%
Sales Growth YoY	2%
Sales Growth QoQ	-3%
Sales CAGR	7%
FCF CAGR	11%
Equity CAGR	4%
Earnings Stability	0.86
Earnings Growth YoY	6%
Earnings Growth QoQ	-11%

Earnings CAGR 5Y	6%
Sales CAGR 5Y	8%
FCF CAGR 5Y	5%
Equity CAGR 5Y	1%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	12%
Equity CAGR 3Y	2%
Market Cap	$4.93B
Revenue	$544.65M
Dividend Yield	1%
Payout Ratio	54%
Assets	$744.07M
Cash	$219.71M
Shares Outstanding	51.1M
Earnings Score	93%
Moat Score	96%
Working Capital	274.84M
Current Ratio	3
Shares Growth 3y	-1%
Equity Growth QoQ	4%
Equity Growth YoY	16%

Assets & ROA

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Stockholders Equity & ROE

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Exponent Inc provides engineering and scientific consulting services on a project-by-project basis. The company's consultant team is composed of scientists, physicians, engineers, as well as business and regulatory consultants. The company currently operates through two segments. The engineering and other scientific segments, which accounts for the majority of revenue, provides servicing encompassing biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, etc. The environmental and health segment covers chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences and others. The company generates almost all of its revenues from America.

SEC Filings

Direct access to Exponent Inc (EXPO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 29
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 30
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01

Sector Comparison

How does Exponent Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 12%

Stability 86%

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Exponent Inc Discounted Cash Flow

Fully customizable DCF calculator online for Exponent Inc.

Years

Calculation mode

= $3.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$154M	$171M	$190M	$211M	$234M	$260M	$289M	$322M	$358M	$397M	$442M	$4.4B
DCF		$155M	$157M	$158M	$160M	$162M	$163M	$165M	$167M	$169M	$170M	$1.7B
Value	$3.3B

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	01/2015	12/2015	12/2016	12/2017	12/2018	01/2020	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	13%	14%	15%	12%	19%	20%	21%	22%	20%	19%	20%
ROA	-	18%	15%	19%	20%	18%	17%	18%	24%	21%	20%
ROE	-	17%	17%	14%	23%	24%	23%	24%	32%	28%	26%

Good Net Margins (20.25%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	01/2015	12/2015	12/2016	12/2017	12/2018	01/2020	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	94%	100%	100%	100%	100%	100%	100%	94%

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.

Good Graham’s Stability (94%)

The company has a good stability in its earnings, which is a sign of a good 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	01/2015	12/2015	12/2016	12/2017	12/2018	01/2020	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	3%	1%	10%	9%	10%	-4%	17%	10%	5%	8%
Earnings YoY growth	-	7%	9%	-13%	75%	14%	0%	23%	1%	-2%	6%
Equity YoY growth	-	8%	4%	6%	9%	12%	3%	15%	-23%	11%	1%
FCF YoY growth	-	27%	-5%	20%	19%	14%	16%	20%	-31%	36%	5%