Quanta Services Inc Stock Research

Market Summary

USD157.21+1.87

Market Closed

1.20%

PWR Alerts

1 major insider sales recently.
Big jump in Earnings (Y/Y)

PWR Stock Price

PWR RSI Chart

PWR Valuation

Market Cap

22.5B

Price/Earnings (Trailing)

45.75

Price/Sales (Trailing)

1.32

EV/EBITDA

Price/Free Cashflow

31.98

PWR Price/Sales (Trailing)

PWR Profitability

EBT Margin

4.12%

Return on Equity

9.12%

Return on Assets

3.65%

Free Cashflow Yield

3.13%

PWR Fundamentals

PWR Revenue

Revenue (TTM)

17.1B

Revenue Y/Y

12.57%

Revenue Q/Q

-0.97%

PWR Earnings

Earnings (TTM)

491.2M

Earnings Y/Y

55.13%

Earnings Q/Q

4.24%

Price Action

52 Week Range

106.33168.75

(Low)(High)

Last 7 days

-4.4%

Last 30 days

0.7%

Last 90 days

7.3%

Trailing 12 Months

27.7%

PWR Financial Health

Current Ratio

1.63

Debt/Equity

0.69

Debt/Cashflow

0.31

PWR Investor Care

Dividend Yield

0.18%

Dividend/Share (TTM)

0.29

Shares Dilution (1Y)

2.11%

Diluted EPS (TTM)

3.32

Peers (Alternatives to Quanta Services)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BA	121.1B	66.6B	-8.09%	10.18%	-24.54	1.82	6.94%	-17.44%
CAT	114.8B	59.4B	-12.45%	2.23%	17.13	1.93	16.59%	3.25%
PWR	22.5B	17.1B	0.68%	27.67%	45.75	1.32	31.54%	1.08%
J	16.0B	15.3B	6.71%	-10.45%	24.73	1.04	8.87%	82.38%
MID-CAP
FBHS	7.7B	4.7B	-5.00%	-39.38%	11.25	1.64	-1.63%	-11.10%
EME	7.7B	11.1B	5.87%	32.87%	18.84	0.69	11.84%	5.89%
FIX	5.0B	4.1B	11.24%	50.02%	20.27	1.2	30.97%	71.57%
APG	4.9B	6.6B	-3.95%	2.65%	67.41	0.75	66.45%	55.32%
FLR	4.3B	13.7B	-15.94%	8.32%	29.46	0.31	0.39%	132.95%
AMRC	2.3B	1.8B	-20.57%	-37.86%	24.09	1.25	50.07%	34.73%
SMALL-CAP
MYRG	2.0B	3.0B	19.90%	25.56%	24.28	0.67	20.42%	-1.92%
GVA	1.8B	3.3B	-3.61%	27.25%	21.07	0.53	-5.73%	725.10%
ROAD	1.4B	1.4B	-3.61%	-1.21%	78.36	1.02	35.20%	-0.34%
IESC	857.2M	2.3B	1.53%	-2.96%	18.36	0.38	32.84%	-32.34%
AGX	553.3M	461.8M	2.23%	1.76%	25.52	1.2	-7.82%	-52.44%

Financials for Quanta Services

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.0%	17,074	16,581	15,474	14,242	12,980
Gross Profit	2.8%	2,529	2,460	2,305	2,129	1,953
S&GA Expenses	-1.9%	1,337	1,363	1,291	1,237	1,156
EBITDA	14.2%	1,119	980	959	955	-
EBITDA Margin	10.9%	0.07*	0.06*	0.06*	0.07*	-
Earnings Before Taxes	21.5%	704	579	587	609	623
EBT Margin	18.0%	0.04*	0.03*	0.04*	0.04*	-
Interest Expenses	10.1%	124	113	97.00	81.00	69.00
Net Income	11.1%	491	442	460	483	486
Net Income Margin	7.9%	0.03*	0.03*	0.03*	0.03*	-
Free Cahsflow	129.0%	703	307	13.00	130	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.3%	13,464	13,297	13,050	13,015	12,855
Current Assets	3.5%	5,536	5,348	5,021	4,866	4,733
Cash Equivalents	98.9%	429	215	151	238	229
Inventory	5.2%	103	98.00	96.00	94.00	85.00
Goodwill	0.2%	3,587	3,579	3,587	3,593	3,529
Liabilities	-0.4%	8,066	8,095	7,910	7,873	7,738
Current Liabilities	1.8%	3,406	3,346	3,220	3,218	3,165
. Short Term Borrowings	NaN%	-	-	-	16.00	-
Long Term Debt	-5.0%	3,692	3,887	3,871	3,812	3,724
LT Debt, Current	19.1%	32.00	27.00	22.00	13.00	-
Shareholder's Equity	3.6%	5,383	5,196	5,140	5,142	5,112
Retained Earnings	3.8%	4,163	4,012	3,867	3,789	3,715
Additional Paid-In Capital	1.0%	2,719	2,692	2,665	2,637	2,615
Shares Outstanding	0.0%	143	143	143	144	143
Minority Interest	178.4%	15.00	6.00	13.00	4.00	5.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	41.8%	1,130	797	472	542	582
Share Based Compensation	3.8%	106	102	97.00	93.00	88.00
Cashflow From Investing	79.1%	-617	-2,958	-2,790	-2,768	-2,898
Cashflow From Financing	-145.6%	-311	682	2,259	2,264	2,361
Dividend Payments	4.2%	41.00	39.00	38.00	36.00	34.00
Buy Backs	11.0%	128	115	112	57.00	67.00

Risks for PWR

What is the probability of a big loss on PWR?

33.5%

Probability that Quanta Services stock will be more than 20% underwater in next one year

19.2%

Probability that Quanta Services stock will be more than 30% underwater in next one year.

12.7%

Probability that Quanta Services stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PWR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Quanta Services was unfortunately bought at previous high price.

Drawdowns

Returns for PWR

Cumulative Returns on PWR

18.3%

10-Year Cumulative Returns

32.3%

7-Year Cumulative Returns

34.8%

5-Year Cumulative Returns

68.9%

3-Year Cumulative Returns

What are the long-term rolling returns for PWR?

FIve years rolling returns for Quanta Services.

Annualized Returns

Which funds bought or sold PWR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	10.66	184,419	960,419	0.03%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	38.17	17,247,700	48,857,700	0.05%
2023-03-07	Great Lakes Retirement, Inc.	new	-	698,013	698,013	0.18%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-41.97	-934,000	1,725,000	0.01%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	2,850	2,850	-%
2023-03-01	Lakewood Asset Management LLC	new	-	7,000	7,000	0.01%
2023-02-28	Voya Investment Management LLC	reduced	-23.07	-47,714,600	294,319,000	0.42%
2023-02-27	CASCADE INVESTMENT GROUP, INC.	new	-	333,735	333,735	0.35%
2023-02-24	SRS Capital Advisors, Inc.	unchanged	-	698	6,698	-%
2023-02-24	NATIXIS	sold off	-100	-1,508,000	-	-%

Latest Funds Activity

Are funds buying PWR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PWR

No. of Funds

Quanta Services News

Schedule 13G FIlings of Quanta Services

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	11.00%	15,721,218	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	11,971,586	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 01, 2022	blackrock inc.	7.7%	10,971,736	SC 13G/A
Feb 10, 2021	vanguard group inc	10.41%	14,459,727	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G
Feb 01, 2021	blackrock inc.	8.2%	11,352,089	SC 13G/A
May 08, 2020	blackrock inc.	10.6%	14,534,926	SC 13G/A
Feb 12, 2020	vanguard group inc	10.66%	15,172,768	SC 13G/A

PWR Fair Value

Quanta Services fair value in different scenarios

The table shows the Fair Value estimates for Quanta Services for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	78.95 -49.78%	107.28 -31.76%	150.11 -4.52%	209.70 33.39%	241.86 53.85%
Current Inflation	72.81 -53.69%	97.19 -38.18%	133.26 -15.23%	183.20 16.53%	210.18 33.69%
Very High Inflation	65.24 -58.50%	85.04 -45.91%	113.43 -27.85%	152.55 -2.96%	173.72 10.50%

Historical Quanta Services Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Quanta Services

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	8-K	Current Report
Mar 13, 2023	4/A	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading

Latest Insider Trading transactions for PWR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-09	Austin Earl C. Jr.	acquired	-	-	18,605	president and ceo
2023-03-09	Gregory Paul Craig	acquired	-	-	7,796	chief strategy officer
2023-03-09	Desai Jayshree S	acquired	-	-	5,953	chief financial officer
2023-03-09	Upperman Dorothy	acquired	-	-	866	vp tax
2023-03-09	NOBEL PAUL	acquired	-	-	1,122	chief accounting officer & vp
2023-03-09	Probst James Redgie	acquired	-	-	6,011	chief operating officer
2023-03-09	WAYNE DONALD	acquired	-	-	3,243	evp and general counsel
2023-03-09	JENSEN DERRICK A	acquired	-	-	4,756	evp - business operations
2023-03-07	Austin Earl C. Jr.	acquired	-	-	256,183	president and ceo
2023-03-07	Austin Earl C. Jr.	sold (taxes)	-16,469,200	163	-100,809	president and ceo

About Quanta Services

PWR Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 17,073,903	$ 12,980,213	$ 11,202,672
Cost of services	14,544,748	11,026,954	9,541,825
Gross profit	2,529,155	1,953,259	1,660,847
Equity in earnings of integral unconsolidated affiliates	52,466	44,061	11,303
Selling, general and administrative expenses	(1,336,711)	(1,155,956)	(975,074)
Amortization of intangible assets	(353,973)	(165,366)	(76,704)
Asset impairment charges	(14,457)	(5,743)	(8,282)
Change in fair value of contingent consideration liabilities	(4,422)	(6,734)	(719)
Operating income	872,058	663,521	611,371
Interest and other financing expenses	(124,363)	(68,899)	(45,013)
Interest income	2,606	3,194	2,449
Other (expense) income, net	(46,415)	25,085	2,539
Income before income taxes	703,886	622,901	571,346
Provision for income taxes	192,243	130,918	119,387
Net income	511,643	491,983	451,959
Less: Net income attributable to non-controlling interests	20,454	6,027	6,363
Net income attributable to common stock	$ 491,189	$ 485,956	$ 445,596
Earnings per share attributable to common stock:
Basic (in dollars per share)	$ 3.42	$ 3.45	$ 3.15
Diluted (in dollars per share)	$ 3.32	$ 3.34	$ 3.07
Shares used in computing earnings per share:
Weighted average basic shares outstanding (in shares)	143,488	140,824	141,380
Weighted average diluted shares outstanding (in shares)	147,992	145,373	145,247

PWR Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 428,505	$ 229,097
Accounts receivable, net	3,674,525	3,400,318
Contract assets	1,080,206	803,453
Inventories	103,265	84,659
Prepaid expenses and other current assets	249,569	215,050
Total current assets	5,536,070	4,732,577
Property and equipment, net	2,030,464	1,919,697
Operating lease right-of-use assets	229,691	240,605
Other assets, net	622,736	632,244
Other intangible assets, net	1,458,631	1,801,180
Goodwill	3,586,745	3,528,886
Total assets	13,464,337	12,855,189
Current Liabilities:
Current maturities of long-term debt and short-term debt	37,495	29,166
Current portion of operating lease liabilities	74,052	78,251
Accounts payable and accrued expenses	2,153,129	2,254,671
Contract liabilities	1,141,518	802,872
Total current liabilities	3,406,194	3,164,960
Long-term debt, net of current maturities	3,692,432	3,724,474
Operating lease liabilities, net of current portion	171,512	170,427
Deferred income taxes	227,861	191,098
Insurance and other non-current liabilities	567,519	487,309
Total liabilities	8,065,518	7,738,268
Commitments and Contingencies
Equity:
Common stock	2	2
Additional paid-in capital	2,718,988	2,615,410
Retained earnings	4,163,212	3,714,843
Accumulated other comprehensive loss	(310,677)	(237,689)
Treasury stock, 27,707,927 and 25,912,579 common shares	(1,188,061)	(980,265)
Total stockholders’ equity	5,383,464	5,112,301
Non-controlling interests	15,355	4,620
Total equity	5,398,819	5,116,921
Total liabilities and equity	$ 13,464,337	$ 12,855,189