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MasTec Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

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 7. It is a good or high score, which usually indicates a very healthy situation.

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

NYSE:MTZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 7

1
8

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 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 5.00 6.00 7.00 6.00

MasTec Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 6.00 6.00 6.00 6.00 7.00

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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 116.491 + 113.122 + 65.649 + 75.451 = $371 Mil.
Cash Flow from Operations was 245.238 + 224.796 + 257.164 + 92.178 = $819 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 this year (Jun20)
to the end of this year (Jun21) was
(4989.985 + 5201.749 + 5227.849 + 5538.303 + 5901.628) / 5 = $5371.9028 Mil.
Total Assets at the begining of this 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.
Net Income was 128.596 + 100.916 + 36.23 + 57.005 = $323 Mil.

Revenue was 2016.618 + 1709.223 + 1416.604 + 1569.297 = $6,712 Mil.
Gross Profit was 326.06 + 274.985 + 190.307 + 227.472 = $1,019 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(4797.371 + 4858.652 + 4997.006 + 4893.548 + 4989.985) / 5 = $4907.3124 Mil.
Total Assets at the begining of last year (Jun19) was $4,797 Mil.
Long-Term Debt & Capital Lease Obligation was $1,249 Mil.
Total Current Assets was $2,137 Mil.
Total Current Liabilities was $1,523 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 371. ==> 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 819. ==> 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 (Jun20)
=370.713/4989.985
=0.07429141

ROA (Last Year)=Net Income/Total Assets (Jun19)
=322.747/4797.371
=0.06727581

MasTec's return on assets of this year was 0.07429141. MasTec's return on assets of last year was 0.06727581. ==> This year is higher. ==> Score 1.

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 371. MasTec's current Cash Flow from Operations (TTM) was 819. ==> 819 > 371 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=1563.237/5371.9028
=0.29100247

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=1249.374/4907.3124
=0.25459435

MasTec's gearing of this year was 0.29100247. MasTec's gearing of last year was 0.25459435. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=2408.289/1638.991
=1.46937293

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=2137.048/1523.391
=1.40282304

MasTec's current ratio of this year was 1.46937293. MasTec's current ratio of last year was 1.40282304. ==> 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 73.976. MasTec's number of shares in issue last year was 72.777. ==> 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
=1181.308/7073.156
=0.16701286

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1018.824/6711.742
=0.15179725

MasTec's gross margin of this year was 0.16701286. MasTec's gross margin of last year was 0.15179725. ==> This year's gross margin is higher. ==> Score 1.

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 (Jun20)
=7073.156/4989.985
=1.41747039

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=6711.742/4797.371
=1.39904585

MasTec's asset turnover of this year was 1.41747039. MasTec's asset turnover of last year was 1.39904585. ==> 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+1+1+0+1+0+1+1
=7

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

MasTec has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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
Industry
Industrials » Construction NAICS : 237130 SIC : 1623
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, Electrical Transmission, Clean Energy and Infrastructure, and Other. 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
De Cardenas Alberto officer: EVP, General Counsel 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Johnson Julia L director NETCOMMUNICATIONS LLC 614 GRAND HIGHWAY CLAREMONT FL 34711
Csiszar Ernst N director 2600 S RIVER ROAD DES PLAINES IL 60018
Dwyer Robert J director 880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Sorzano Jose S director AUSTIN GROUP INC 5305 LEE HIGHWAY NORTH ARLINGTON VA 22207
Palomarez Javier Alberto director 3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Campbell C Robert director 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Mas Jose Ramon director, officer: CEO 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Mas Jorge director 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Pita George officer: CFO 3000 NW 107TH AVENUE MIAMI FL 33172
Apple Robert E officer: COO 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
Heuvelen John Van director 363 HIGH STREET DENVER CO 80218
Jaumot Frank E director 190 SE 19TH AVENUE POMPANO BEACH FL 33060
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

MasTec Headlines

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