Stock PRIM PRIMORIS SERVICES CORPORATION
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Financials Primoris Services Corporation

Equities

PRIM

US74164F1030

Construction & Engineering

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-24 pm EDT 		5-day change 1st Jan Change
54.67 USD +2.71% Intraday chart for Primoris Services Corporation +5.46% +64.62%
May. 09 Transcript : Primoris Services Corporation, Q1 2024 Earnings Call, May 09, 2024
May. 08 Earnings Flash (PRIM) PRIMORIS SERVICES CORPORATION Reports Q1 EPS $0.47, vs. Street Est of $0.26 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,082 1,328 1,291 1,165 1,772 2,933 - -
Enterprise Value (EV) 1 1,313 1,318 1,752 2,060 2,513 3,556 3,399 3,194
P/E ratio 13.8 x 12.8 x 11.1 x 8.88 x 14.3 x 19.7 x 16.3 x 12.9 x
Yield 1.08% 0.87% 1% 1.09% 0.72% 0.44% 0.44% 0.44%
Capitalization / Revenue 0.35 x 0.38 x 0.37 x 0.26 x 0.31 x 0.49 x 0.46 x 0.44 x
EV / Revenue 0.42 x 0.38 x 0.5 x 0.47 x 0.44 x 0.6 x 0.53 x 0.47 x
EV / EBITDA 5.8 x 5.27 x 6.35 x 7.47 x 6.62 x 8.99 x 7.67 x 6.52 x
EV / FCF 55.9 x 5.32 x -32.4 x -182 x 26.3 x 28.7 x 27.9 x 16.8 x
FCF Yield 1.79% 18.8% -3.09% -0.55% 3.8% 3.48% 3.58% 5.94%
Price to Book 1.72 x 1.88 x 1.29 x 1.05 x 1.43 x 2.15 x 1.91 x 1.67 x
Nbr of stocks (in thousands) 48,665 48,096 53,821 53,111 53,360 53,640 - -
Reference price 2 22.24 27.61 23.98 21.94 33.21 54.67 54.67 54.67
Announcement Date 2/25/20 2/22/21 2/28/22 2/27/23 2/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,106 3,491 3,498 4,421 5,715 5,963 6,415 6,736
EBITDA 1 226.3 249.9 275.8 275.9 379.5 395.4 443.2 490.1
EBIT 1 140.9 167.4 170.2 195.3 253.1 281.8 327.9 375.8
Operating Margin 4.54% 4.79% 4.86% 4.42% 4.43% 4.73% 5.11% 5.58%
Earnings before Tax (EBT) 1 117.9 145.6 151.9 159.3 177.7 203.9 256.3 319.7
Net income 1 82.33 105 115.6 133 126.1 151.6 185.2 233.5
Net margin 2.65% 3.01% 3.31% 3.01% 2.21% 2.54% 2.89% 3.47%
EPS 2 1.610 2.160 2.170 2.470 2.330 2.771 3.356 4.226
Free Cash Flow 1 23.49 247.6 -54.1 -11.34 95.55 123.8 121.8 189.8
FCF margin 0.76% 7.09% -1.55% -0.26% 1.67% 2.08% 1.9% 2.82%
FCF Conversion (EBITDA) 10.38% 99.08% - - 25.18% 31.3% 27.47% 38.73%
FCF Conversion (Net income) 28.53% 235.84% - - 75.74% 81.62% 65.74% 81.27%
Dividend per Share 2 0.2400 0.2400 0.2400 0.2400 0.2400 0.2395 0.2392 0.2387
Announcement Date 2/25/20 2/22/21 2/28/22 2/27/23 2/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 884.4 784.4 1,023 1,284 1,329 1,257 1,413 1,529 1,516 1,413 1,529 1,539 1,469 1,493 1,685
EBITDA 1 64.04 21.08 53.7 109 93.94 52.85 102.4 120 104.2 73.76 103.2 119.7 101.8 57.93 122.3
EBIT 1 37.22 0.708 67.26 66.48 60.89 19.03 70.8 88.41 74.84 44.24 73.96 90.34 73.06 31.19 94.21
Operating Margin 4.21% 0.09% 6.58% 5.18% 4.58% 1.51% 5.01% 5.78% 4.94% 3.13% 4.84% 5.87% 4.97% 2.09% 5.59%
Earnings before Tax (EBT) 1 32.96 -2.293 63.27 52.85 45.46 1.82 55 67.81 53.04 26.68 53.91 70.18 53.09 13.57 77.16
Net income 1 29.42 -1.674 50.15 43.04 41.5 1.31 39.03 48.14 37.66 18.94 40.01 51.54 39.43 11.22 56.39
Net margin 3.33% -0.21% 4.9% 3.35% 3.12% 0.1% 2.76% 3.15% 2.48% 1.34% 2.62% 3.35% 2.68% 0.75% 3.35%
EPS 2 0.5400 -0.0300 0.9300 0.8000 0.7700 0.0200 0.7200 0.8900 0.6900 0.3500 0.7318 0.9415 0.7185 0.2034 1.023
Dividend per Share 2 0.0600 0.0600 0.0600 0.0600 0.0600 0.0600 0.0600 0.0600 0.0600 0.0600 0.0599 0.0598 0.0597 0.0594 0.0594
Announcement Date 2/28/22 5/9/22 8/8/22 11/7/22 2/27/23 5/9/23 8/7/23 11/7/23 2/26/24 5/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 231 - 461 895 740 623 467 262
Net Cash position 1 - 10.2 - - - - - -
Leverage (Debt/EBITDA) 1.021 x - 1.671 x 3.243 x 1.951 x 1.576 x 1.053 x 0.5346 x
Free Cash Flow 1 23.5 248 -54.1 -11.3 95.5 124 122 190
ROE (net income / shareholders' equity) 13.4% 15.6% 13.6% 12.7% 10.8% 12.2% 13.4% 13.9%
ROA (Net income/ Total Assets) 4.81% 5.52% 5.12% 4.37% 3.42% 3.7% 4.5% 5.1%
Assets 1 1,712 1,900 2,256 3,044 3,686 4,098 4,116 4,579
Book Value Per Share 2 12.90 14.70 18.60 20.90 23.20 25.40 28.60 32.60
Cash Flow per Share - - - - - - - -
Capex 1 94.5 64.4 134 94.7 103 92.7 105 100
Capex / Sales 3.04% 1.84% 3.83% 2.14% 1.8% 1.55% 1.64% 1.48%
Announcement Date 2/25/20 2/22/21 2/28/22 2/27/23 2/26/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Primoris Services Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
54.67 USD
Average target price
56.6 USD
Spread / Average Target
+3.53%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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