FLUOR CORP (FLR) Stock Fundamental Analysis
NYSE:FLR - New York Stock Exchange, Inc. - US3434121022 - Common Stock - Currency: USD
FLR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 48 industry peers in the Construction & Engineering industry. FLR is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. A decent growth rate in combination with a cheap valuation! Better keep an eye on FLR. This makes FLR very considerable for value investing!
1. Profitability
1.1 Basic Checks
FLR had positive earnings in the past year.
FLR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: FLR reported negative net income in multiple years.
In the past 5 years FLR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FLR (23.46%) is better than 100.00% of its industry peers.
FLR has a Return On Equity of 54.32%. This is amongst the best in the industry. FLR outperforms 97.78% of its industry peers.
FLR's Return On Invested Capital of 4.83% is in line compared to the rest of the industry. FLR outperforms 46.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FLR is significantly below the industry average of 11.94%.
The 3 year average ROIC (4.16%) for FLR is below the current ROIC(4.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.46% | ||
| ROE | 54.32% | ||
| ROIC | 4.83% |
ROA(3y)8.73%
ROA(5y)2.74%
ROE(3y)21.51%
ROE(5y)-2.2%
ROIC(3y)4.16%
ROIC(5y)4.14%
1.3 Margins
Looking at the Profit Margin, with a value of 13.15%, FLR belongs to the top of the industry, outperforming 97.78% of the companies in the same industry.
FLR's Operating Margin of 2.27% is on the low side compared to the rest of the industry. FLR is outperformed by 62.22% of its industry peers.
FLR's Operating Margin has improved in the last couple of years.
FLR has a worse Gross Margin (3.51%) than 84.44% of its industry peers.
In the last couple of years the Gross Margin of FLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.27% | ||
| PM (TTM) | 13.15% | ||
| GM | 3.51% |
OM growth 3Y12.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.13%
GM growth 5YN/A
2. Health
2.1 Basic Checks
FLR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FLR has less shares outstanding
Compared to 5 years ago, FLR has more shares outstanding
The debt/assets ratio for FLR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.42 indicates that FLR is not in any danger for bankruptcy at the moment.
FLR has a Altman-Z score of 3.42. This is in the better half of the industry: FLR outperforms 66.67% of its industry peers.
The Debt to FCF ratio of FLR is 1.66, which is an excellent value as it means it would take FLR, only 1.66 years of fcf income to pay off all of its debts.
FLR has a Debt to FCF ratio of 1.66. This is in the better half of the industry: FLR outperforms 77.78% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that FLR is not too dependend on debt financing.
FLR has a Debt to Equity ratio of 0.28. This is in the better half of the industry: FLR outperforms 68.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 3.42 |
ROIC/WACC0.53
WACC9.15%
2.3 Liquidity
FLR has a Current Ratio of 1.69. This is a normal value and indicates that FLR is financially healthy and should not expect problems in meeting its short term obligations.
FLR has a better Current ratio (1.69) than 77.78% of its industry peers.
FLR has a Quick Ratio of 1.69. This is a normal value and indicates that FLR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.69, FLR is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The earnings per share for FLR have decreased strongly by -15.69% in the last year.
Measured over the past years, FLR shows a very strong growth in Earnings Per Share. The EPS has been growing by 27.71% on average per year.
Looking at the last year, FLR shows a small growth in Revenue. The Revenue has grown by 5.43% in the last year.
Measured over the past years, FLR shows a decrease in Revenue. The Revenue has been decreasing by -1.18% on average per year.
EPS 1Y (TTM)-15.69%
EPS 3Y35.43%
EPS 5Y27.71%
EPS Q2Q%-29.41%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y4.85%
Revenue growth 5Y-1.18%
Sales Q2Q%11.52%
3.2 Future
The Earnings Per Share is expected to grow by 12.63% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.44% on average over the next years.
EPS Next Y19.77%
EPS Next 2Y15.82%
EPS Next 3Y14.44%
EPS Next 5Y12.63%
Revenue Next Year6.56%
Revenue Next 2Y6.24%
Revenue Next 3Y7.22%
Revenue Next 5Y6.44%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.16, which indicates a correct valuation of FLR.
Based on the Price/Earnings ratio, FLR is valued cheaper than 88.89% of the companies in the same industry.
When comparing the Price/Earnings ratio of FLR to the average of the S&P500 Index (29.36), we can say FLR is valued slightly cheaper.
With a Price/Forward Earnings ratio of 13.50, FLR is valued correctly.
Based on the Price/Forward Earnings ratio, FLR is valued cheaper than 84.44% of the companies in the same industry.
FLR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.16 | ||
| Fwd PE | 13.5 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLR is valued cheaper than 84.44% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLR indicates a rather cheap valuation: FLR is cheaper than 86.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.65 | ||
| EV/EBITDA | 10.1 |
4.3 Compensation for Growth
FLR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of FLR may justify a higher PE ratio.
FLR's earnings are expected to grow with 14.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)0.58
EPS Next 2Y15.82%
EPS Next 3Y14.44%
5. Dividend
5.1 Amount
FLR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
37.34
-0.37 (-0.98%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners94.09%
Inst Owner Change1.63%
Ins Owners0.73%
Ins Owner Change5.85%
Market Cap6.40B
Analysts76.92
Price Target60.29 (61.46%)
Short Float %4.19%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.06%
Min EPS beat(2)-38.67%
Max EPS beat(2)-33.45%
EPS beat(4)1
Avg EPS beat(4)-15.73%
Min EPS beat(4)-38.67%
Max EPS beat(4)22.88%
EPS beat(8)4
Avg EPS beat(8)10.42%
EPS beat(12)4
Avg EPS beat(12)-8.27%
EPS beat(16)8
Avg EPS beat(16)18.31%
Revenue beat(2)0
Avg Revenue beat(2)-9.51%
Min Revenue beat(2)-14.44%
Max Revenue beat(2)-4.57%
Revenue beat(4)0
Avg Revenue beat(4)-7.63%
Min Revenue beat(4)-14.44%
Max Revenue beat(4)-4.02%
Revenue beat(8)3
Avg Revenue beat(8)-3.35%
Revenue beat(12)3
Avg Revenue beat(12)-3.35%
Revenue beat(16)6
Avg Revenue beat(16)-1.24%
PT rev (1m)0.57%
PT rev (3m)2.7%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-0.25%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-9.7%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-5.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.16 | ||
| Fwd PE | 13.5 | ||
| P/S | 0.39 | ||
| P/FCF | 9.65 | ||
| P/OCF | 7.73 | ||
| P/B | 1.62 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 10.1 |
EPS(TTM)2.31
EY6.19%
EPS(NY)2.77
Fwd EY7.41%
FCF(TTM)3.87
FCFY10.37%
OCF(TTM)4.83
OCFY12.93%
SpS95.12
BVpS23.02
TBVpS21.86
PEG (NY)0.82
PEG (5Y)0.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.46% | ||
| ROE | 54.32% | ||
| ROCE | 6.11% | ||
| ROIC | 4.83% | ||
| ROICexc | 9.42% | ||
| ROICexgc | 10.06% | ||
| OM | 2.27% | ||
| PM (TTM) | 13.15% | ||
| GM | 3.51% | ||
| FCFM | 4.07% |
ROA(3y)8.73%
ROA(5y)2.74%
ROE(3y)21.51%
ROE(5y)-2.2%
ROIC(3y)4.16%
ROIC(5y)4.14%
ROICexc(3y)11.57%
ROICexc(5y)11.6%
ROICexgc(3y)13.68%
ROICexgc(5y)14.21%
ROCE(3y)5.27%
ROCE(5y)5.24%
ROICexcg growth 3Y-20.79%
ROICexcg growth 5YN/A
ROICexc growth 3Y-15.87%
ROICexc growth 5YN/A
OM growth 3Y12.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.13%
GM growth 5YN/A
F-Score7
Asset Turnover1.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 1.66 | ||
| Debt/EBITDA | 2.49 | ||
| Cap/Depr | 224.66% | ||
| Cap/Sales | 1.01% | ||
| Interest Coverage | 8.83 | ||
| Cash Conversion | 186.49% | ||
| Profit Quality | 30.96% | ||
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z | 3.42 |
F-Score7
WACC9.15%
ROIC/WACC0.53
Cap/Depr(3y)159.13%
Cap/Depr(5y)137.15%
Cap/Sales(3y)0.76%
Cap/Sales(5y)0.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.69%
EPS 3Y35.43%
EPS 5Y27.71%
EPS Q2Q%-29.41%
EPS Next Y19.77%
EPS Next 2Y15.82%
EPS Next 3Y14.44%
EPS Next 5Y12.63%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y4.85%
Revenue growth 5Y-1.18%
Sales Q2Q%11.52%
Revenue Next Year6.56%
Revenue Next 2Y6.24%
Revenue Next 3Y7.22%
Revenue Next 5Y6.44%
EBIT growth 1Y52.05%
EBIT growth 3Y17.62%
EBIT growth 5YN/A
EBIT Next Year53.1%
EBIT Next 3Y25.11%
EBIT Next 5Y15.96%
FCF growth 1Y557.43%
FCF growth 3YN/A
FCF growth 5Y77.02%
OCF growth 1Y290.57%
OCF growth 3Y219.73%
OCF growth 5Y30.47%