Emcor Group provides electrical and mechanical construction and facilities services to commercial, industrial, utility, and institutional customers in the United States. The company was founded in 1966 and is based in Norwalk, Connecticut.
EME Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for EME, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that EMCOR Group Inc ranked in the 50th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 12.5%. In terms of the factors that were most noteworthy in this DCF analysis for EME, they are:
EME's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 26.09% of tickers in our DCF set.
EMCOR Group Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 34.76. This coverage rate is greater than that of 91.9% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, EMCOR Group Inc experienced a tax rate of about 21% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 85.55% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of EMCOR Group Inc? See HSII, MSM, HOLI, MRCY, and PH.
EMCOR Group, Inc. (NYSE: EME) intends to release its second quarter 2020 results for the period ended June 30, 2020 on Monday, August 3, 2020. In conjunction with this release, EMCOR Group will host a conference call, which will be simultaneously broadcast live over the Internet. Tony Guzzi, Chairman, President and Chief Executive Officer, Mark Pompa, Executive Vice President and Chief Financial Officer and Kevin Matz, Executive Vice President - Shared Services, will host the call.
EMCOR (EME) declares $0.08/share quarterly dividend, in line with previous.Forward yield 0.52%Payable July 30; for shareholders of record July 20; ex-div July 17.See EME Dividend Scorecard, Yield Chart, & Dividend Growth....
EMCOR Group, Inc. (NYSE: EME) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per common share. The dividend will be paid on July 30, 2020 to stockholders of record as of July 20, 2020.