Tetra Tech Stock Intrinsic Value – TETRA TECH Reports Fiscal Year 2023 Fourth Quarter Earnings Results on November 15th
November 30, 2023
🌥️Earnings Overview
On November 15 2023, TETRA TECH ($NASDAQ:TTEK) announced its fiscal year 2023 fourth quarter earnings results as of September 30 2023. Compared to the same period in the prior year, total revenue for the quarter was up 39.7%, reaching USD 1260.6 million. Unfortunately, net income for the quarter decreased by 35.3%, amounting to USD 53.6 million.
Stock Price
The stock opened at $160.7 and closed at $158.2, down 1.7% from the previous closing price of 161.0. This was the fifth consecutive quarter that TETRA TECH reported declining earnings. Overall, TETRA TECH’s performance in the fourth quarter was below expectations, indicating that the company is likely to face a challenging year in 2023. Investors should monitor the company’s progress closely as it seeks to turn its financials around and restore investor confidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tetra Tech. More…
| Total Revenues | Net Income | Net Margin |
| 4.52k | 273.42 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tetra Tech. More…
| Operations | Investing | Financing |
| 368.46 | -771.2 | 382.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tetra Tech. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.82k | 2.42k | 26.36 |
Key Ratios Snapshot
Some of the financial key ratios for Tetra Tech are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.7% | 20.2% | 10.0% |
| FCF Margin | ROE | ROA |
| 7.6% | 19.8% | 7.4% |
Analysis – Tetra Tech Stock Intrinsic Value
At GoodWhale, we recently performed an analysis of the fundamentals of TETRA TECH. After thorough examination of the financial statements, we used our proprietary Valuation Line to determine the intrinsic value of the TETRA TECH share to be around $186.0. Currently, TETRA TECH’s stock is trading at $158.2, indicating that the shares may be undervalued by 14.9%. This means that investors who purchase the stock now may have the chance to take advantage of a potentially profitable opportunity. However, it is important to remember that our analysis is based on fundamentals, so investors should still do their own research to see if TETRA TECH is a good fit for their portfolios. More…
Peers
The company operates in over 40 countries and has a workforce of over 20,000 employees. Tetra Tech‘s main competitors are NV5 Global Inc, Atlas Technical Consultants Inc, and PORR AG.
– NV5 Global Inc ($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
However, net income for the quarter decreased by 35.3% year over year to $53.6 million. This is a mixed bag for investors, as an increase in total revenue indicates strong demand for TETRA TECH’s services, but the decrease in net income suggests the company may have difficulty generating profits from its operations. In order to draw more definitive conclusions, investors will need to consider further information such as margins, overhead costs, and cash flow statements.
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