Tutor Perini Intrinsic Stock Value – TUTOR PERINI Reports Earnings Results for Second Quarter of FY2023
August 6, 2023
🌥️Earnings Overview
On August 3 2023, TUTOR PERINI ($NYSE:TPC) reported their second quarter earnings results for the fiscal year 2023, ending June 30 2023. Revenue grew 18.7% year over year, totaling USD 1021.8 million, while net income for the quarter was USD -37.5 million, an improvement from -63.0 million the previous year.
Market Price
The company’s stock opened at $8.3 and closed at $8.4, a slight 0.1% dip from the prior closing price of 8.4. The results provided a detailed picture of the company’s financial performance and offered investors valuable insights into the current state of the business. This impressive performance was driven largely by strong order-book growth in the period and was further bolstered by successful cost-cutting initiatives that yielded favorable results for the company.
Looking forward, TUTOR PERINI is optimistic about its prospects in the coming quarters and believes it has the right strategies in place to ensure continued growth and success. With its strong balance sheet and deep pipeline of projects, the company is confident that it can maintain its position as a leader in the industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tutor Perini. More…
| Total Revenues | Net Income | Net Margin |
| 3.78k | -212.1 | -5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 105.92 | -66.88 | -78.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tutor Perini. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.47k | 3.1k | 26.48 |
Key Ratios Snapshot
Some of the financial key ratios for Tutor Perini are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -8.3% | 5.7% | -4.6% |
| FCF Margin | ROE | ROA |
| 1.2% | -7.8% | -2.4% |
Analysis – Tutor Perini Intrinsic Stock Value
At GoodWhale, we have been closely analyzing TUTOR PERINI‘s financials. Through our proprietary Valuation Line, we have calculated that the intrinsic value of TUTOR PERINI’s share is around $9.6. Currently, TUTOR PERINI is trading at $8.4, making it a fair price undervalued by 12.6%. This presents an interesting opportunity for investors looking to get a good deal on a stock. We believe that TUTOR PERINI is a good choice for those looking to add value to their portfolios. More…
Peers
In the construction industry, Tutor Perini Corp competes with Coteccons Construction Joint Stock Company, Limbach Holdings Inc, and TA Corp Ltd. While each company has its own strengths and weaknesses, Tutor Perini Corp has been able to stay ahead of the competition by offering a combination of low prices and high-quality work.
– Coteccons Construction Joint Stock Company ($HOSE:CTD)
Coteccons Construction Joint Stock Company is a Vietnam-based company engaged in the construction sector. The Company’s main businesses include general contracting, investment, design and construction of civil, industrial, infrastructure and commercial works, as well as real estate trading and development. As of December 31, 2011, the Company had a workforce of approximately 25,000 employees.
– Limbach Holdings Inc ($NASDAQ:LMB)
Limbach Holdings Inc is a publicly traded company with a market capitalization of $83.16 million as of 2022. The company has a return on equity of 10.16%. Limbach Holdings Inc is engaged in the design, engineering, construction, and service of HVAC and mechanical, electrical, and plumbing systems for the commercial, industrial, and institutional markets.
– TA Corp Ltd ($SGX:PA3)
Euronet Worldwide Inc. is a leading provider of electronic payments and transaction processing solutions. The company offers a comprehensive suite of products and services for consumer and business-to-business transactions, including electronic funds transfer, point-of-sale, ATM, money transfer, prepaid processing, card issuing and merchant acquiring. Euronet serves financial institutions, retailers, service providers and individual consumers in over 160 countries.
Euronet’s market cap is $35.75 million, and its ROE is -1.46%. The company offers a wide range of products and services for consumer and business-to-business transactions. It has a strong presence in over 160 countries.
Summary
TUTOR PERINI reported strong earnings for the second quarter of FY2023, with year-over-year revenue growth of 18.7% to USD 1021.8 million. Net income for the quarter was a loss of USD -37.5 million, which is a substantial improvement from the previous year’s loss of USD -63.0 million. Investors should view these results positively, as they demonstrate that TUTOR PERINI is heading in the right direction towards profitability. Additionally, the company’s increased revenue suggests that demand for its products and services is strong, indicating a trend of long-term growth potential for the company.
