We are increasing our fair value estimate for no-moat MasTec to $93 from $84 following first-quarter earnings. The main driver of our high valuation is increased long-term margin assumptions. We view shares as fairly valued.
MasTec should benefit from secular growth investments in energy transition and 5G deployment.
Persistent inflation could be a headwind for MasTec’s operations and customer base.
|
Metric
|
MTZ
|
ATRL
|
FLR
|
|---|---|---|---|
Price/Earnings (Normalized) | 44.92 | 26.04 | 13.28 |
Price/Book Value | 3.16 | 2.83 | 3.37 |
Price/Sales | 0.68 | 1.05 | 0.40 |
Price/Cash Flow | 18.24 | 30.72 | 14.24 |
|
Metric
|
MTZ
|
ATRL
|
FLR
|
|---|---|---|---|
Quick Ratio | 1.19 | 0.86 | 1.53 |
Current Ratio | 1.31 | 0.92 | 1.67 |
Interest Coverage | 0.99 | 2.88 | 6.05 |
|
Metric
|
MTZ
|
ATRL
|
FLR
|
|---|---|---|---|
Return on Assets (Normalized) | 1.30% | 3.64% | 5.18% |
Return on Equity (Normalized) | 4.46% | 11.96% | 19.10% |
Return on Invested Capital (Normalized) | 4.92% | 8.89% | 7.08% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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