Tutor Perini Intrinsic Value Calculation – Tutor Perini Secures Record-Breaking $2.95B Contract for New York City Jails
May 2, 2023
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Tutor Perini ($NYSE:TPC) Corporation is a leading civil, building, and specialty construction company headquartered in Sylmar, California. The company has seen a tremendous surge in success after recently winning a $2.95B contract to build the new jails system in New York City. This marks the largest ever contract awarded to Tutor Perini in its history. It also signals their commitment to innovation and reliable service, which has helped them become the trusted name in specialty construction for over a century. The company has established a reputation for delivering high-quality work and customer satisfaction, which has been crucial in their success.
As one of the most experienced construction companies in the nation, Tutor Perini has worked on some of the most iconic projects of the past century, including the Hoover Dam and the Golden Gate Bridge. With the award of this record-breaking contract, Tutor Perini is sure to remain the go-to provider of specialty construction services for many years to come. The completion of the New York City jails project is sure to be another major milestone in their long and distinguished history.
Price History
On Monday, Tutor Perini announced that they had secured a record-breaking $2.95 billion contract for the construction of new jails in New York City. This news was well-received by the market, resulting in their stock opening at $5.3 and closing at $5.7 – a 7.5% rise from its previous closing price of $5.3. The contract is scheduled to be completed in 2023 and is expected to create thousands of jobs for the local economy. 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 |
| 3.79k | -210.01 | -5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 206.97 | -65.64 | -78.9 |
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 |
| 4.54k | 3.1k | 28.14 |
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 |
| -5.2% | 5.7% | -5.3% |
| FCF Margin | ROE | ROA |
| 3.9% | -8.4% | -2.7% |
Analysis – Tutor Perini Intrinsic Value Calculation
At GoodWhale, we recently took an in-depth look at the wellbeing of TUTOR PERINI. Through careful analysis of their past financial performance and current market conditions, we have calculated their intrinsic value to be around $10.5 using our proprietary Valuation Line. This means that TUTOR PERINI’s stock is currently trading at $5.7, which is undervalued by 45.8%. We believe that with proper management and given the right circumstances, this company has the potential to exceed their current intrinsic value and deliver greater returns to its investors. More…
Peers
In the construction industry, Tutor Perini Corp competes with Coteccons Construction Joint Stock Company, Limbach Holdings Inc, and TA Corp Ltd. While each company has its own strengths and weaknesses, Tutor Perini Corp has been able to stay ahead of the competition by offering a combination of low prices and high-quality work.
– Coteccons Construction Joint Stock Company ($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 Corporation has seen its stock price soar after it was awarded a $2.95 billion contract to upgrade New York City’s jail system. This news has prompted many investors to review their current investments in the company and consider investing further. Analysts are positive about the long-term potential, pointing to the company’s strong balance sheet, good cash flow generation, and growing backlog of contracts.
They also note its robust competitive position in the market and its track record of successful project completion. Its strong current financial performance along with the contract award make it a compelling investment opportunity to explore.
