pull down to refresh

Today’s Stock: Everus Construction Group, Inc. (ECG)Today’s Stock: Everus Construction Group, Inc. (ECG)

Everus Construction Group, Inc. provides contracting services in the United States. It operates through two segments, Electrical & Mechanical and Transmission & Distribution. The Electrical & Mechanical segment provides construction and maintenance services of electrical and communication wiring, and infrastructure; fire suppression systems; and renewables infrastructure and mechanical piping services in public and private sectors.

The Transmission & Distribution segment offers construction and maintenance of overhead and underground electrical, gas, and communication infrastructure and transportation related lighting, as well as design, manufacturing, and distribution of overhead and underground transmission line construction equipment and tools. It serves utilities, manufacturing, transportation, commercial, industrial, institutional, renewables, and governmental customers. The company was incorporated in 2024 and is headquartered in Bismarck, North Dakota.

My Thoughts 💭My Thoughts 💭

Another construction stock the AI trade has pumped up. Is it still worth a good investment today? Let’s review the fundamentals.

At 242.9k sats per share ($63,693), and no dividend investors will only see a return if the company continues to grow, the AI hype pumps the valuation, stock buybacks or they pay a dividend.

The company trades at a PE 35 which means investors are paying $35 access $1 of earnings. An expensive stock by historical standards. But oddly cheap when compared to other AI construction companies that were pumped to the moon.

Let’s review some key fundamentals to determine if this stock is worth spending sats on.

PE:PE:

Expected Growth:Expected Growth:

Revenues and expenses:Revenues and expenses:

Balance Sheet:Balance Sheet:

Dividend:Dividend:

No dividendNo dividend

Bitcoin per share:Bitcoin per share:

NoneNone

Ownership breakdown :Ownership breakdown :

Leadership:Leadership:

The fundamentals of this company are average. The balance sheet is good, the growth prospects are bad (projected grow slower than bitcoin), the valuation is high but not ridiculous, the stock doesn’t pay a dividend, the leadership team is fairly compensated and most of the float is in Wall Street institutions.

This company is your run of the mill boring stock company that has no prayers to grow substantially.

From a Bitcoiner perspective. Paying ₿242k for this boring business. Is a bad idea.

Morally it make sense to support a company with your capital so they continue to deliver construction services but getting a return might not be possible. Especially one that can beat Bitcoin.

Here is the performance according to Simply Wall Street

The AI pump haven’t pushed this company to ungodly PE valuations but dumping Sats for this business is a losing investment. They can’t grow, don’t pay a dividend, and if Wall Street turns this stock could sell off. Decently run business with modest leaders but it is worth the risk of sats.

I’m curious to know where your affinity for construction comes from

reply

My career I think construction is fascinating.

reply

I see.
let me sort out what I think are fascinating examples of Japanese architecture and tag you

reply

And zaps will come your way!

reply
117 sats \ 0 replies \ @fred 5 Jun

Without the dividend plug, it makes the stock more boring.

reply

One thing I like about infrastructure plays is that demand eventually shows up in revenue, not just PowerPoint presentations.

reply