Fluor Corp

Industrials
Military/Government/Technical
www.fluor.com

Earnings Score
Moat Score
Safety Score

Market Cap $7.33B
PE 38
Debt $1.12B
Cash $2.91B
EV $5.54B
FCF $641.00M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$193.00M
EBIT	$415.00M
ROE	8%
ROA	6%
FCF	$641.00M
Equity	$2.34B
Growth Stability	-668%
PE	37.99
PEG	10
PB	3.13
P/FCF	11.44
P/S	0.46
Price/Cash	0.4
Debt/Equity	0.48
Debt/FCF	1.74
Net Margins	2%
Gross Margins	3%
Op. Margins	3%
Earnings CAGR	-2%
Sales Growth YoY	3%
Sales Growth QoQ	-3%
Sales CAGR	-4%
FCF CAGR	-5%
Equity CAGR	-8%
Earnings Stability	0.04
Earnings Growth YoY	-85%
Earnings Growth QoQ	-84%

Earnings CAGR 5Y	4%
Sales CAGR 5Y	2%
FCF CAGR 5Y	21%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
FCF CAGR 3Y	71%
Equity CAGR 3Y	13%
Market Cap	$7.33B
Revenue	$15.88B
Assets	$7.10B
Total Debt	$1.12B
Cash	$2.91B
Shares Outstanding	132.73M
EV	5.54B
Earnings Score	6%
Moat Score	72%
Safety Score	62%
Final Score	47%
Working Capital	2.28B
Current Ratio	1.77
Gross Profit	$432.00M
Shares Growth 3y	2%
Equity Growth QoQ	4%
Equity Growth YoY	16%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor employs over 40,000 workers in more than 60 countries. The company generated $12.4 billion in revenue in 2021.

SEC Filings

Direct access to Fluor Corp (FLR) 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 Fluor Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

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

CAGR -2%

Stability 4%

loading chart...

Fluor Corp Discounted Cash Flow

Fully customizable DCF calculator online for Fluor Corp.

Years

Calculation mode

= $4.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$641M	$611M	$582M	$554M	$528M	$503M	$480M	$457M	$435M	$415M	$395M	$4B
DCF		$555M	$481M	$417M	$361M	$313M	$271M	$234M	$203M	$176M	$152M	$1.5B
Value	$4.7B

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	2%	2%	1%	1%	1%	-11%	-3%	-4%	1%	1%	2%
ROA	-	10%	6%	4%	5%	-5%	4%	-1%	4%	5%	6%
ROE	-	13%	9%	5%	7%	-98%	-34%	-30%	4%	4%	8%

Bad Net Margins (1.82%)

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	-	1.63	3.4	5.08	-34.58	44.28	23.96	-23.49	-25.68	10.92	1.74
Debt over Equity	0.32	0.32	0.49	0.46	0.54	1.07	1.37	0.75	0.57	0.56	0.48
Growth Stability	-	-	-	48%	76%	-668%	-	-	-	-	-668%

Good Debt/FCF ratio (1.74)

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.

Good Debt/Equity ratio (0.48)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-668%)

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	-	-16%	5%	3%	-2%	-25%	9%	-21%	11%	13%	2%
Earnings YoY growth	-	-19%	-32%	-32%	17%	-791%	-72%	7%	-116%	8%	4%
Equity YoY growth	-	-3%	4%	8%	-11%	-49%	-20%	24%	27%	3%	14%
FCF YoY growth	-	92%	-23%	-32%	-115%	-178%	90%	-169%	-12%	-341%	21%