Mastec Inc

Industrials
Water, Sewer, Pipeline, Comm & Power Line Construction
www.mastec.com

Earnings Score
Moat Score
Safety Score

Market Cap $11.06B
PE 125
Debt $2.51B
Cash $181.23M
EV $13.39B
FCF $1.00B

Earnings

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Sales & Net Margins

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Earnings	$88.80M
EBIT	$154.55M
ROE	3%
ROA	2%
FCF	$1.00B
Equity	$2.83B
Growth Stability	-22%
PE	124.53
PEG	-6.3
PB	3.91
P/FCF	11.01
P/S	0.91
Price/Cash	0.02
Debt/Equity	0.89
Debt/FCF	2.5
Net Margins	1%
Gross Margins	13%
Op. Margins	1%
Earnings CAGR	-1%
Sales Growth YoY	-0%
Sales Growth QoQ	10%
Sales CAGR	11%
FCF CAGR	13%
Equity CAGR	13%
Earnings Stability	0
Earnings Growth YoY	566%
Earnings Growth QoQ	180%

Earnings CAGR 5Y	-20%
Sales CAGR 5Y	17%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	20%
Sales CAGR 3Y	20%
FCF CAGR 3Y	50%
Equity CAGR 3Y	4%
Market Cap	$11.06B
Revenue	$12.18B
Assets	$8.76B
Total Debt	$2.51B
Cash	$181.23M
Shares Outstanding	77.92M
EV	13.39B
Earnings Score	6%
Moat Score	33%
Safety Score	60%
Final Score	33%
Working Capital	685.14M
Current Ratio	1.24
Gross Profit	$1.56B
Shares Growth 3y	3%
Equity Growth QoQ	3%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

SEC Filings

Direct access to Mastec Inc (MTZ) 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 Mastec Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR -1%

Stability 0%

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Mastec Inc Discounted Cash Flow

Fully customizable DCF calculator online for Mastec Inc.

Years

Calculation mode

= $25B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1B	$1.1B	$1.3B	$1.4B	$1.6B	$1.8B	$2.1B	$2.4B	$2.7B	$3B	$3.4B	$34B
DCF		$1B	$1.1B	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B	$1.3B	$1.3B	$13B
Value	$25B

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%	-2%	3%	5%	4%	5%	5%	4%	0%	-0%	1%
ROA	-	-2%	7%	9%	8%	10%	8%	6%	0%	-1%	2%
ROE	-	-8%	12%	24%	19%	22%	16%	13%	1%	-2%	3%

Bad Net Margins (0.99%)

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	-	3.89	12.33	44.34	4.26	3.66	2	3.45	38.18	6.56	2.5
Debt over Equity	1.05	1.17	0.99	1.02	1.07	0.87	0.72	0.85	1.24	1.19	0.89
Growth Stability	-	-	-	100%	100%	100%	97%	100%	10%	-22%	-22%

Neutral Debt/FCF ratio (2.5)

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.

Good Debt/Equity ratio (0.89)

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

Bad Graham’s Stability (-22%)

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	-	-9%	22%	29%	5%	4%	-12%	26%	23%	23%	17%
Earnings YoY growth	-	-169%	-265%	165%	-25%	51%	-18%	2%	-90%	-250%	-20%
Equity YoY growth	-	-18%	17%	30%	-3%	29%	12%	27%	8%	-1%	11%
FCF YoY growth	-	32%	-69%	-63%	964%	21%	71%	-14%	-86%	456%	-7%