Tetra Tech Intrinsic Value – TETRA TECH Reports Strong Financial Results for Fourth Quarter of FY2023

☀️Earnings Overview

TETRA TECH ($NASDAQ:TTEK) reported its financial results for the fourth quarter of FY2023 ending November 15 2023 on September 30 2023. Total revenue for the quarter totalled USD 1260.6 million, a rise of 39.7% year-over-year, yet net income decreased by 35.3%.

Stock Price

The company’s stock opened at $160.7 and closed at $158.2, down slightly by 1.7% from last closing price of 161.0. Despite the minor dip in stock price, the overall financial figures were encouraging. The strong financial results are a testament to TETRA TECH‘s success this past year despite the challenges posed by the global pandemic. The company is well-positioned for future growth and expansion as it continues to build on its solid foundation. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tetra Tech. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tetra Tech. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tetra Tech. More…

Key Ratios Snapshot

Some of the financial key ratios for Tetra Tech are shown below. More…

Analysis – Tetra Tech Intrinsic Value

GoodWhale has conducted an analysis of TETRA TECH‘s wellbeing and concluded that the fair value of its share is approximately $173.1, which is calculated using our proprietary Valuation Line. At the current price of $158.2, TETRA TECH stock is trading at a fair price that is 8.6% undervalued. This presents a great opportunity for investors to purchase shares at a discounted rate. Our analysis indicates that TETRA TECH is a sound investment with a bright future and a potentially rewarding return in the near future. More…

Peers

The company operates in over 40 countries and has a workforce of over 20,000 employees. Tetra Tech‘s main competitors are NV5 Global Inc, Atlas Technical Consultants Inc, and PORR AG.

– NV5 Global Inc ($NASDAQ:NVEE)

NV5 Global Inc is a professional and technical consulting firm that provides a variety of services to public and private sector clients. The company offers a wide range of services including program and construction management, consulting engineering, energy efficiency, and environmental health and safety. NV5 Global has a market cap of 2.02B as of 2022 and a Return on Equity of 8.78%. The company has a long history of providing high quality services to its clients and has a strong reputation in the industry.

– Atlas Technical Consultants Inc ($NASDAQ:ATCX)

Atlas Technical Consultants Inc. is a civil engineering firm that provides consulting services for infrastructure projects. The company has a market capitalization of $256.67 million and a return on equity of -15.82%. Atlas Technical Consultants Inc. provides consulting services for transportation, water, and wastewater projects. The company was founded in 1985 and is headquartered in Los Angeles, California.

– PORR AG ($LTS:0J04)

Porr AG is a publicly traded company with a market capitalization of 406.24 million as of 2022. The company’s return on equity is 10.75%. Porr AG is a construction and engineering company that specializes in the development, construction, and operation of infrastructure projects. The company has a strong focus on transportation infrastructure, including railways, highways, and airports. Porr AG also has a significant presence in the energy sector, with a focus on renewable energy projects.

Summary

Investors are taking note of TETRA TECH‘s latest financial results for the fourth quarter of FY2023, which ended November 15, 2023. Total revenue increased by an impressive 39.7%, representing USD 1260.6 million. Despite this increase in revenue, net income decreased by 35.3% to USD 53.6 million compared to the same period last year.

Overall, investors are encouraged by the company’s strong revenue growth, but are wary of the drop in net income. It remains uncertain what implications this could have onto the company’s future earnings and stock performance.