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:
We started the process of determining a valid price forecast for EMCOR Group Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that EMCOR Group Inc ranked in the 70th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for EMCOR Group Inc ended up being:
The business' balance sheet reveals debt to be 10% of the company's capital (with equity being the remaining amount). Approximately merely 24.56% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
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 34.67% of tickers in our DCF set.
As a business, EMCOR Group Inc experienced a tax rate of about 28% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 89.38% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as EME, try AAN, NAV, MEC, ASGN, and MAN.
EMCOR Group, Inc. (EME) Q2 2020 Earnings Conference Call August 3, 2020 10:30 a.m. ET Company Participants Haskel Kwestel - FTI Consulting Kevin Matz - EVP, Shared Services Tony Guzzi - Chairman, President, and CEO Mark Pompa - EVP and CFO Maxine Mauricio - SVP and General Counsel Conference Call...
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 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.