FLUOR CORP (FLR) Stock Fundamental Analysis
NYSE:FLR - New York Stock Exchange, Inc. - US3434121022 - Common Stock - Currency: USD
FLR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 52 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FLR had positive earnings in the past year.
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 21.90%, FLR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of FLR (51.38%) is better than 94.23% of its industry peers.
The Return On Invested Capital of FLR (6.13%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for FLR is significantly below the industry average of 16.67%.
The last Return On Invested Capital (6.13%) for FLR is above the 3 year average (4.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.9% | ||
| ROE | 51.38% | ||
| ROIC | 6.13% |
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
The Profit Margin of FLR (11.14%) is better than 92.31% of its industry peers.
With a Operating Margin value of 2.63%, FLR perfoms like the industry average, outperforming 42.31% of the companies in the same industry.
In the last couple of years the Operating Margin of FLR has grown nicely.
FLR has a worse Gross Margin (3.71%) than 78.85% of its industry peers.
FLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.63% | ||
| PM (TTM) | 11.14% | ||
| GM | 3.71% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLR is destroying value.
Compared to 1 year ago, FLR has less shares outstanding
Compared to 5 years ago, FLR has more shares outstanding
Compared to 1 year ago, FLR has an improved debt to assets ratio.
2.2 Solvency
FLR has an Altman-Z score of 3.99. This indicates that FLR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of FLR (3.99) is better than 65.38% of its industry peers.
The Debt to FCF ratio of FLR is 2.12, which is a good value as it means it would take FLR, 2.12 years of fcf income to pay off all of its debts.
FLR's Debt to FCF ratio of 2.12 is fine compared to the rest of the industry. FLR outperforms 76.92% of its industry peers.
FLR has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
FLR's Debt to Equity ratio of 0.30 is fine compared to the rest of the industry. FLR outperforms 71.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.12 | ||
| Altman-Z | 3.99 |
ROIC/WACC0.62
WACC9.96%
2.3 Liquidity
FLR has a Current Ratio of 1.74. 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 1.74 is amongst the best of the industry. FLR outperforms 82.69% of its industry peers.
FLR has a Quick Ratio of 1.74. This is a normal value and indicates that FLR is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.74, FLR belongs to the best of the industry, outperforming 90.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
The earnings per share for FLR have decreased strongly by -12.29% in the last year.
FLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.71% yearly.
The Revenue has been growing slightly by 7.16% in the past 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)-12.29%
EPS 3Y35.43%
EPS 5Y27.71%
EPS Q2Q%55.32%
Revenue 1Y (TTM)7.16%
Revenue growth 3Y4.85%
Revenue growth 5Y-1.18%
Sales Q2Q%6.64%
3.2 Future
The Earnings Per Share is expected to grow by 12.60% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.09% on average over the next years.
EPS Next Y11.44%
EPS Next 2Y10.59%
EPS Next 3Y11.89%
EPS Next 5Y12.6%
Revenue Next Year8.24%
Revenue Next 2Y7.26%
Revenue Next 3Y7.14%
Revenue Next 5Y6.09%
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
Based on the Price/Earnings ratio of 20.53, the valuation of FLR can be described as rather expensive.
78.85% 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 27.45. FLR is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 18.68 indicates a rather expensive valuation of FLR.
76.92% of the companies in the same industry are more expensive than FLR, based on the Price/Forward Earnings ratio.
FLR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.53 | ||
| Fwd PE | 18.68 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLR is valued a bit cheaper than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FLR is valued a bit cheaper than the industry average as 78.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.97 | ||
| EV/EBITDA | 14.14 |
4.3 Compensation for Growth
FLR's 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.
PEG (NY)1.79
PEG (5Y)0.74
EPS Next 2Y10.59%
EPS Next 3Y11.89%
5. Dividend
5.1 Amount
FLR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
52.76
+1.28 (+2.49%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners94.4%
Inst Owner Change-3.71%
Ins Owners0.65%
Ins Owner Change6.93%
Market Cap8.69B
Analysts76.92
Price Target46.52 (-11.83%)
Short Float %7.33%
Short Ratio3.07
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)1
Avg EPS beat(2)2.82%
Min EPS beat(2)-38.67%
Max EPS beat(2)44.3%
EPS beat(4)2
Avg EPS beat(4)-1.23%
Min EPS beat(4)-38.67%
Max EPS beat(4)44.3%
EPS beat(8)5
Avg EPS beat(8)19.09%
EPS beat(12)5
Avg EPS beat(12)-2.27%
EPS beat(16)8
Avg EPS beat(16)17.73%
Revenue beat(2)0
Avg Revenue beat(2)-5.09%
Min Revenue beat(2)-5.62%
Max Revenue beat(2)-4.57%
Revenue beat(4)0
Avg Revenue beat(4)-7.16%
Min Revenue beat(4)-14.44%
Max Revenue beat(4)-4.02%
Revenue beat(8)2
Avg Revenue beat(8)-4.64%
Revenue beat(12)3
Avg Revenue beat(12)-3.79%
Revenue beat(16)6
Avg Revenue beat(16)-0.9%
PT rev (1m)-0.24%
PT rev (3m)-12.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.02%
EPS NY rev (1m)1.39%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.52%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)-2.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.53 | ||
| Fwd PE | 18.68 | ||
| P/S | 0.52 | ||
| P/FCF | 16.97 | ||
| P/OCF | 13.3 | ||
| P/B | 2.42 | ||
| P/tB | 2.42 | ||
| EV/EBITDA | 14.14 |
EPS(TTM)2.57
EY4.87%
EPS(NY)2.83
Fwd EY5.35%
FCF(TTM)3.11
FCFY5.89%
OCF(TTM)3.97
OCFY7.52%
SpS100.59
BVpS21.81
TBVpS21.81
PEG (NY)1.79
PEG (5Y)0.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.9% | ||
| ROE | 51.38% | ||
| ROCE | 7.76% | ||
| ROIC | 6.13% | ||
| ROICexc | 11.11% | ||
| ROICexgc | 11.11% | ||
| OM | 2.63% | ||
| PM (TTM) | 11.14% | ||
| GM | 3.71% | ||
| FCFM | 3.09% |
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-Score5
Asset Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.12 | ||
| Debt/EBITDA | 2.14 | ||
| Cap/Depr | 193.15% | ||
| Cap/Sales | 0.85% | ||
| Interest Coverage | 10.61 | ||
| Cash Conversion | 128.54% | ||
| Profit Quality | 27.75% | ||
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 3.99 |
F-Score5
WACC9.96%
ROIC/WACC0.62
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)-12.29%
EPS 3Y35.43%
EPS 5Y27.71%
EPS Q2Q%55.32%
EPS Next Y11.44%
EPS Next 2Y10.59%
EPS Next 3Y11.89%
EPS Next 5Y12.6%
Revenue 1Y (TTM)7.16%
Revenue growth 3Y4.85%
Revenue growth 5Y-1.18%
Sales Q2Q%6.64%
Revenue Next Year8.24%
Revenue Next 2Y7.26%
Revenue Next 3Y7.14%
Revenue Next 5Y6.09%
EBIT growth 1Y13.28%
EBIT growth 3Y17.62%
EBIT growth 5YN/A
EBIT Next Year46.81%
EBIT Next 3Y22.29%
EBIT Next 5Y15.16%
FCF growth 1Y1996.3%
FCF growth 3YN/A
FCF growth 5Y77.02%
OCF growth 1Y1025.86%
OCF growth 3Y219.73%
OCF growth 5Y30.47%