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Upturn AI SWOT - About
MYRG 
MYR Group Inc (MYRG)
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Upturn Advisory Summary
04/04/2025: MYRG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 43.44% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.70B USD | Price to earnings Ratio 57.54 | 1Y Target Price 154 |
Price to earnings Ratio 57.54 | 1Y Target Price 154 | ||
Volume (30-day avg) 305657 | Beta 1.07 | 52 Weeks Range 86.60 - 181.02 | Updated Date 04/6/2025 |
52 Weeks Range 86.60 - 181.02 | Updated Date 04/6/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.83 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.9% | Operating Margin (TTM) 3.38% |
Management Effectiveness
Return on Assets (TTM) 1.87% | Return on Equity (TTM) 4.84% |
Valuation
Trailing PE 57.54 | Forward PE - | Enterprise Value 1813654975 | Price to Sales(TTM) 0.51 |
Enterprise Value 1813654975 | Price to Sales(TTM) 0.51 | ||
Enterprise Value to Revenue 0.54 | Enterprise Value to EBITDA 15.34 | Shares Outstanding 16138500 | Shares Floating 15844621 |
Shares Outstanding 16138500 | Shares Floating 15844621 | ||
Percent Insiders 1.73 | Percent Institutions 100.28 |
Analyst Ratings
Rating 4 | Target Price 181.33 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MYR Group Inc
Company Overview
History and Background
MYR Group Inc. was founded in 1891 as Hatfield Electric Company. It has grown through acquisitions and organic expansion to become a leading specialty contractor serving the electrical infrastructure and commercial and industrial construction markets in the United States and Canada.
Core Business Areas
- Commercial & Industrial (C&I): This segment offers electrical contracting services for commercial, industrial, and institutional facilities. Services include design-build, construction, and maintenance of electrical systems, as well as installation of renewable energy systems such as solar and wind. C&I is growing in the data center space.
- Transmission & Distribution (T&D): This segment provides engineering, procurement, and construction (EPC) services for high-voltage power delivery systems, including transmission lines, substations, and distribution networks. It also includes maintenance and repair services for existing infrastructure. It serves electric utilities, cooperatives, private developers, and government entities. Recent strong growth has occurred in this segment due to grid modernization.
Leadership and Structure
MYR Group is led by Richard S. Swartz as the CEO. The company operates with a decentralized structure, giving autonomy to its operating subsidiaries while providing centralized support functions.
Top Products and Market Share
Key Offerings
- Transmission Line Construction: MYR Group's T&D segment is a leader in the construction of high-voltage transmission lines. While precise market share data is difficult to obtain, the T&D infrastructure construction market is highly fragmented. Competitors include Quanta Services (PWR) and MasTec (MTZ).
- Substation Construction: The company also offers expertise in substation construction. Similar to transmission lines, the substation market is also fragmented, and MYR Group competes with Quanta and MasTec.
- Commercial and Industrial Electrical Construction: Offers design, installation, and maintenance of electrical systems for buildings and facilities. Competitors are large national firms such as EMCOR Group(EME) and local electrical contractors.
Market Dynamics
Industry Overview
The electrical construction and infrastructure market is driven by factors such as aging infrastructure, grid modernization initiatives, increasing demand for electricity, and the growth of renewable energy. Market growth is expected to be steady.
Positioning
MYR Group is well-positioned to capitalize on these trends due to its established reputation, technical expertise, and geographic reach. MYR's primary competitive advantage is its strong reputation for completing projects safely and on time.
Total Addressable Market (TAM)
The U.S. electrical construction market is estimated at several hundred billion dollars annually. MYR Group, with revenues in the billions, has a small but significant share of this TAM and is well-positioned for growth.
Upturn SWOT Analysis
Strengths
- Strong reputation and brand recognition
- Experienced management team
- Diversified service offerings
- Strong safety record
- Established relationships with key clients
Weaknesses
- Reliance on a few key clients
- Project delays due to weather or permitting
- Exposure to fluctuations in material costs
- Competition for skilled labor
- Decentralized structure leads to inefficiencies
Opportunities
- Increased infrastructure spending
- Growth in renewable energy sector
- Expansion into new geographic markets
- Acquisition of complementary businesses
- Grid modernization
Threats
- Economic downturn
- Increased competition
- Changes in government regulations
- Rising interest rates
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- Quanta Services (PWR)
- MasTec (MTZ)
- EMCOR Group (EME)
Competitive Landscape
MYR Group competes with larger companies such as Quanta and MasTec. MYR Group's competitive advantages include its specialized expertise in electrical construction and its strong focus on safety. However, its smaller size can be a disadvantage when bidding on very large projects.
Major Acquisitions
Stellar Lines, Inc.
- Year: 2022
- Acquisition Price (USD millions): 25.8
- Strategic Rationale: This acquistion expanded MYR Group's geographic presence and transmission & distribution capabilities.
Growth Trajectory and Initiatives
Historical Growth: MYR Group has experienced strong revenue growth in recent years, driven by increased demand for its services in the T&D and C&I markets.
Future Projections: Analyst estimates suggest continued growth for MYR Group, supported by infrastructure investments and the expansion of renewable energy. Projections need to be obtained from financial analysis websites.
Recent Initiatives: Recent initiatives include strategic acquisitions to expand capabilities and geographic reach, investments in technology to improve operational efficiency, and focusing on large and complicated jobs.
Summary
MYR Group is a reputable player in the electrical construction industry, benefiting from grid modernization and renewable energy growth. Its strengths include a solid safety record and specialized expertise. However, reliance on key clients and competition for skilled labor pose challenges. The company is well-positioned for continued growth but must manage risks associated with material costs and project delays.
Similar Companies
EME
EMCOR Group Inc
EME
EMCOR Group Inc
MTZ
MasTec Inc
MTZ
MasTec Inc
PWR
Quanta Services Inc
PWR
Quanta Services Inc
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Financial News Articles
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is based on publicly available information and estimates. Investment decisions should be made in consultation with a qualified financial advisor. Financial metrics are based on existing sources. Please obtain live source updates for accurate data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MYR Group Inc
Exchange NASDAQ | Headquaters Thornton, CO, United States | ||
IPO Launch date 2008-08-13 | President, CEO & Director Mr. Richard S. Swartz Jr. | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 8500 | Website https://www.myrgroup.com |
Full time employees 8500 | Website https://www.myrgroup.com | ||
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through two segments: Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.
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