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Sterling Construction Company Inc
NASDAQ:STRL

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Sterling Construction Company Inc Logo
Sterling Construction Company Inc
NASDAQ:STRL
Watchlist
Price: 113.1 USD 0.26%
Updated: Mar 28, 2024

Intrinsic Value

Sterling Construction Co., Inc. engages in the provision of civil infrastructure construction, infrastructure rehabilitation, and residential construction projects. [ Read More ]

The intrinsic value of one STRL stock under the Base Case scenario is 71.62 USD. Compared to the current market price of 113.1 USD, Sterling Construction Company Inc is Overvalued by 37%.

Key Points:
STRL Intrinsic Value
Base Case
71.62 USD
Overvaluation 37%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Sterling Construction Company Inc

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Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

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Fundamental Analysis

Sterling's Strong Growth and Solid Backlog in 2023
2023-Q4 Earnings Call

Sterling's Strong Growth and Solid Backlog in 2023

Sterling Infrastructure delivered an impressive year with 40% adjusted EPS growth and 11% rise in total revenue to $1.97 billion. The year marked the third consecutive annual growth of 40% or more in adjusted EPS. They achieved an adjusted EBITDA of $260 million and an adjusted EPS of $4.47, topping their guidance. Significant sector performances included an over 16% revenue growth in Transportation Solutions and a 26% revenue increase in Building Solutions. The backlog soared by 46% to $2.07 billion, signifying robust performance for the upcoming years, even as they anticipate a downturn in commercial revenues for 2024. Their book-to-burn ratio stood at 1.38x for backlog.

Financials

Balance Sheet Decomposition
Sterling Construction Company Inc

Current Assets 848m
Cash & Short-Term Investments 471.6m
Receivables 358.5m
Other Current Assets 17.9m
Non-Current Assets 929.2m
PP&E 300.9m
Intangibles 609.5m
Other Non-Current Assets 18.8m
Current Liabilities 678.2m
Accounts Payable 146m
Accrued Liabilities 47.4m
Other Current Liabilities 484.8m
Non-Current Liabilities 480.1m
Long-Term Debt 315m
Other Non-Current Liabilities 165.1m
Efficiency

Earnings Waterfall
Sterling Construction Company Inc

Revenue
2B USD
Cost of Revenue
-1.6B USD
Gross Profit
337.6m USD
Operating Expenses
-131m USD
Operating Income
206.7m USD
Other Expenses
-68m USD
Net Income
138.7m USD

Free Cash Flow Analysis
Sterling Construction Company Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

STRL Profitability Score
Profitability Due Diligence

Sterling Construction Company Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Positive 3-Year Average ROE
Positive Free Cash Flow
Positive 3-Years Revenue Growth
Exceptional ROE
57/100
Profitability
Score

Sterling Construction Company Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

STRL Solvency Score
Solvency Due Diligence

Sterling Construction Company Inc's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Low D/E
Negative Net Debt
Average Altman Z-Score
Long-Term Solvency
55/100
Solvency
Score

Sterling Construction Company Inc's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

STRL Price Targets Summary
Sterling Construction Company Inc

Wall Street analysts forecast STRL stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for STRL is 115.77 USD with a low forecast of 113.12 USD and a high forecast of 120.75 USD.

Lowest
Price Target
113.12 USD
0% Upside
Average
Price Target
115.77 USD
2% Upside
Highest
Price Target
120.75 USD
7% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

STRL Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

STRL Price
Sterling Construction Company Inc

1M 1M
+7%
6M 6M
+53%
1Y 1Y
+195%
3Y 3Y
+441%
5Y 5Y
+794%
10Y 10Y
+1 193%
Annual Price Range
113.1
52w Low
34.64
52w High
113.1
Price Metrics
Average Annual Return 28.25%
Standard Deviation of Annual Returns 16.1%
Max Drawdown -57%
Shares Statistics
Market Capitalization 3.5B USD
Shares Outstanding 30 925 700
Percentage of Shares Shorted 4.82%

STRL Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Sterling Construction Company Inc Logo
Sterling Construction Company Inc

Country

United States of America

Industry

Construction

Market Cap

3.5B USD

Dividend Yield

0%

Description

Sterling Construction Co., Inc. engages in the provision of civil infrastructure construction, infrastructure rehabilitation, and residential construction projects. The company is headquartered in The Woodlands, Texas and currently employs 2,900 full-time employees. The firm is specializing in e-infrastructure solutions, building solutions, and transportation solutions primarily across the Southern, Northeastern and Mid-Atlantic U.S., the Rocky Mountain States, California and Hawaii. The Transportation solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater and storm drainage systems. E-Infrastructure Solutions offers specialty services projects develop advanced, large-scale site development systems and services for data centers, e-commerce distribution centers, commercial, warehousing, transportation, energy and more. Building Solutions projects include residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs and other concrete work.

Contact

TEXAS
The Woodlands
1800 Hughes Landing Blvd., Suite 250
+12812140800.0
http://www.strlco.com

IPO

1991-07-12

Employees

2 900

Officers

CEO, President & Director
Mr. Joseph A. Cutillo
Executive VP, CFO, Chief Accounting Officer & Treasurer
Mr. Ronald A. Ballschmiede
General Counsel, Corporate Secretary & Chief Compliance Officer
Mr. Mark D. Wolf
Senior Vice President of Corporate Finance
Mr. Kevan M. Blair
Vice President of Investor Relations & Corporate Strategy
Ms. Noelle Christine Dilts C.F.A.
President of Heavy Civil Segment
Mr. Con L. Wadsworth
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Director of Investor Relations
Ms. Jennifer Maxwell
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See Also

Discover More
What is the Intrinsic Value of one STRL stock?

The intrinsic value of one STRL stock under the Base Case scenario is 71.62 USD.

Is STRL stock undervalued or overvalued?

Compared to the current market price of 113.1 USD, Sterling Construction Company Inc is Overvalued by 37%.