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MasTec Piotroski F-Score

: 5 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

MasTec has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for MasTec's Piotroski F-Score or its related term are showing as below:

MTZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of MasTec was 8. The lowest was 1. And the median was 5.


MasTec Piotroski F-Score Historical Data

The historical data trend for MasTec's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MasTec Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 7.00 6.00 4.00

MasTec Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 5.00 4.00 4.00 5.00

Competitive Comparison

For the Engineering & Construction subindustry, MasTec's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

MasTec Piotroski F-Score Distribution

For the Construction industry and Industrials sector, MasTec's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where MasTec's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 111.087 + 76.644 + -34.978 + 16.212 = $169 Mil.
Cash Flow from Operations was 149.755 + 293.977 + 131.518 + -129.977 = $445 Mil.
Revenue was 2404.332 + 1809.367 + 1954.4 + 2301.792 = $8,470 Mil.
Gross Profit was 346.996 + 250.059 + 221.084 + 273.681 = $1,092 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(5901.628 + 6013.248 + 7121.393 + 7087.996 + 7404.686) / 5 = $6705.7902 Mil.
Total Assets at the begining of this year (Jun21) was $5,902 Mil.
Long-Term Debt & Capital Lease Obligation was $2,295 Mil.
Total Current Assets was $3,057 Mil.
Total Current Liabilities was $1,898 Mil.
Net Income was 116.491 + 113.122 + 65.649 + 75.451 = $371 Mil.

Revenue was 1698.279 + 1636.795 + 1775.424 + 1962.658 = $7,073 Mil.
Gross Profit was 317.757 + 314.56 + 261.565 + 287.426 = $1,181 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(4989.985 + 5201.749 + 5227.849 + 5538.303 + 5901.628) / 5 = $5371.9028 Mil.
Total Assets at the begining of last year (Jun20) was $4,990 Mil.
Long-Term Debt & Capital Lease Obligation was $1,563 Mil.
Total Current Assets was $2,408 Mil.
Total Current Liabilities was $1,639 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

MasTec's current Net Income (TTM) was 169. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

MasTec's current Cash Flow from Operations (TTM) was 445. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun21)
=168.965/5901.628
=0.02863024

ROA (Last Year)=Net Income/Total Assets (Jun20)
=370.713/4989.985
=0.07429141

MasTec's return on assets of this year was 0.02863024. MasTec's return on assets of last year was 0.07429141. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

MasTec's current Net Income (TTM) was 169. MasTec's current Cash Flow from Operations (TTM) was 445. ==> 445 > 169 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=2294.633/6705.7902
=0.34218682

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=1563.237/5371.9028
=0.29100247

MasTec's gearing of this year was 0.34218682. MasTec's gearing of last year was 0.29100247. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun22)=Total Current Assets/Total Current Liabilities
=3057.222/1897.69
=1.61102288

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=2408.289/1638.991
=1.46937293

MasTec's current ratio of this year was 1.61102288. MasTec's current ratio of last year was 1.46937293. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

MasTec's number of shares in issue this year was 75.537. MasTec's number of shares in issue last year was 73.976. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1091.82/8469.891
=0.12890603

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1181.308/7073.156
=0.16701286

MasTec's gross margin of this year was 0.12890603. MasTec's gross margin of last year was 0.16701286. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun21)
=8469.891/5901.628
=1.43517873

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=7073.156/4989.985
=1.41747039

MasTec's asset turnover of this year was 1.43517873. MasTec's asset turnover of last year was 1.41747039. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+1+0+0+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

MasTec has an F-score of 5 indicating the company's financial situation is typical for a stable company.

MasTec  (NYSE:MTZ) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


MasTec Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of MasTec's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


MasTec Business Description

MasTec logo
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.
Executives
Parker Ava L director 1469 HARRINGTON PARK DRIVE JACKSONVILLE FL 32225
Palomarez Javier Alberto director 3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Pita George officer: CFO 3000 NW 107TH AVENUE MIAMI FL 33172
Restrepo Daniel A director C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray officer: President 800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134
Apple Robert E officer: Chief Operations Officer 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cardenas Alberto I officer: Executive Vice President 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Csiszar Ernst N director 2600 S RIVER ROAD DES PLAINES IL 60018
Floerke Gregory Scott officer: Chief Operations Officer C/O MARKWEST ENERGY PARTNERS, L.P. 1515 ARAPAHOE STREET, TOWER 1, SUITE 160 DENVER CO 80202
Dwyer Robert J director 880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Campbell C Robert officer: EVP & CFO 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cespedes Carlos M director 3075 NW 107TH AVE MIAMI FL 33172
Jaumot Frank E director 190 SE 19TH AVENUE POMPANO BEACH FL 33060
Nearing Michael officer: General Counsel and EVP 800 DOUGLAS ROAD 12TH FL CORAL GABLES FL 33134
Hudson Sherrill W director 201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131

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