FLUOR CORP (FLR) Stock Fundamental Analysis
NYSE:FLR - New York Stock Exchange, Inc. - US3434121022 - Common Stock - Currency: USD
Taking everything into account, FLR scores 6 out of 10 in our fundamental rating. FLR was compared to 51 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. FLR may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make FLR a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year FLR was profitable.
In the past year FLR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: FLR reported negative net income in multiple years.
Each year in the past 5 years FLR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 23.46%, FLR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
FLR has a Return On Equity of 54.32%. This is amongst the best in the industry. FLR outperforms 98.04% 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 54.90% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FLR is significantly below the industry average of 12.16%.
The last Return On Invested Capital (4.83%) for FLR is above the 3 year average (4.16%), which is a sign of increasing profitability.
| 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
With an excellent Profit Margin value of 13.15%, FLR belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
FLR's Operating Margin of 2.27% is in line compared to the rest of the industry. FLR outperforms 41.18% of its industry peers.
In the last couple of years the Operating Margin of FLR has grown nicely.
FLR has a Gross Margin of 3.51%. This is in the lower half of the industry: FLR underperforms 78.43% of its industry peers.
FLR's Gross Margin has improved in the last couple of years.
| 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.
FLR has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FLR has more shares outstanding
FLR has a better debt/assets ratio than last year.
2.2 Solvency
FLR has an Altman-Z score of 3.33. This indicates that FLR is financially healthy and has little risk of bankruptcy at the moment.
FLR's Altman-Z score of 3.33 is fine compared to the rest of the industry. FLR outperforms 68.63% of its industry peers.
FLR has a debt to FCF ratio of 1.66. This is a very positive value and a sign of high solvency as it would only need 1.66 years to pay back of all of its debts.
FLR has a better Debt to FCF ratio (1.66) than 76.47% 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 70.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 3.33 |
ROIC/WACC0.56
WACC8.66%
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's Current ratio of 1.69 is amongst the best of the industry. FLR outperforms 84.31% 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.
FLR has a Quick ratio of 1.69. This is amongst the best in the industry. FLR outperforms 88.24% of its industry peers.
| 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.
FLR shows a small growth in Revenue. In the last year, the Revenue has grown by 5.43%.
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
FLR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.38% yearly.
Based on estimates for the next years, FLR will show a small growth in Revenue. The Revenue will grow by 6.27% on average per year.
EPS Next Y10.56%
EPS Next 2Y13.66%
EPS Next 3Y14.65%
EPS Next 5Y12.38%
Revenue Next Year10.96%
Revenue Next 2Y8.15%
Revenue Next 3Y6.98%
Revenue Next 5Y6.27%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.70 indicates a correct valuation of FLR.
84.31% of the companies in the same industry are more expensive than FLR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.29. FLR is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 13.30, FLR is valued correctly.
FLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FLR is cheaper than 84.31% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FLR to the average of the S&P500 Index (21.08), we can say FLR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.7 | ||
| Fwd PE | 13.3 |
4.2 Price Multiples
FLR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FLR is cheaper than 88.24% of the companies in the same industry.
FLR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FLR is cheaper than 90.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.59 | ||
| EV/EBITDA | 8.38 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FLR may justify a higher PE ratio.
A more expensive valuation may be justified as FLR's earnings are expected to grow with 14.65% in the coming years.
PEG (NY)1.39
PEG (5Y)0.53
EPS Next 2Y13.66%
EPS Next 3Y14.65%
5. Dividend
5.1 Amount
No dividends for FLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
33.96
+0.41 (+1.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners94.09%
Inst Owner Change0%
Ins Owners0.73%
Ins Owner Change6.51%
Market Cap5.71B
Analysts76.92
Price Target53.38 (57.18%)
Short Float %4.49%
Short Ratio2.28
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%
PT rev (3m)-10.96%
EPS NQ rev (1m)-1.01%
EPS NQ rev (3m)-26.69%
EPS NY rev (1m)-7.69%
EPS NY rev (3m)-14.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.7 | ||
| Fwd PE | 13.3 | ||
| P/S | 0.35 | ||
| P/FCF | 8.59 | ||
| P/OCF | 6.89 | ||
| P/B | 1.44 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 8.38 |
EPS(TTM)2.31
EY6.8%
EPS(NY)2.55
Fwd EY7.52%
FCF(TTM)3.95
FCFY11.64%
OCF(TTM)4.93
OCFY14.51%
SpS97.1
BVpS23.5
TBVpS22.32
PEG (NY)1.39
PEG (5Y)0.53
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 | 3.33 |
F-Score7
WACC8.66%
ROIC/WACC0.56
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 Y10.56%
EPS Next 2Y13.66%
EPS Next 3Y14.65%
EPS Next 5Y12.38%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y4.85%
Revenue growth 5Y-1.18%
Sales Q2Q%11.52%
Revenue Next Year10.96%
Revenue Next 2Y8.15%
Revenue Next 3Y6.98%
Revenue Next 5Y6.27%
EBIT growth 1Y52.05%
EBIT growth 3Y17.62%
EBIT growth 5YN/A
EBIT Next Year49.88%
EBIT Next 3Y24.06%
EBIT Next 5Y15.43%
FCF growth 1Y557.43%
FCF growth 3YN/A
FCF growth 5Y77.02%
OCF growth 1Y290.57%
OCF growth 3Y219.73%
OCF growth 5Y30.47%