MYR Group Inc. provides electrical construction services in the United States and Canada. It operates through two segments, Transmission and Distribution, and Commercial and Industrial. The company was founded in 1891 and is based in Rolling Meadows, Illinois.
MYRG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Myr Group Inc. To summarize, we found that Myr Group Inc ranked in the 82th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for MYRG, they are:
The compound growth rate in the free cash flow of Myr Group Inc over the past 5.39 years is 0.43%; that's higher than 78.81% of free cash flow generating stocks in the Industrials sector.
MYRG'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 31.95% of tickers in our DCF set.
Myr Group Inc's effective tax rate, as measured by taxes paid relative to net income, is at 20 -- greater than 81% of US stocks with positive 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 MYRG, try APWC, ORN, NPO, PSIX, and BCO.
MYR Group Inc. (MYRG) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Rick Swartz - President & Chief Executive Officer Betty Johnson - Senior Vice President Chief Financial Officer & Treasurer Tod Cooper - Senior Vice President & Chief...
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