MasTec (NYSE:MTZ) Altman Z2-Score

: 2.67 (As of Today)

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Good Sign:

MasTec has a Altman Z2-Score of 2.67, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for MasTec's Altman Z2-Score or its related term are showing as below:

MTZ' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.1 Med: 2.48 Max: 5.05
Current: 2.67

During the past 13 years, MasTec's highest Altman Z2-Score was 5.05. The lowest was 0.10. And the median was 2.48.

MasTec Altman Z2-Score Historical Data

The historical data trend for MasTec's Altman Z2-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

Altman Z2-Score

3.41

3.29

3.61

3.60

3.03

MasTec Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Altman Z2-Score																3.34	3.03	2.73	2.74	2.67

Competitive Comparison

For the Engineering & Construction subindustry, MasTec's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.

Annual Data Quarterly Data

MasTec Altman Z2-Score Distribution

For the Construction industry and Industrials sector, MasTec's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where MasTec's Altman Z2-Score falls in comparison to its industry or sector. The grey bar indicates the Altman Z2-Score's extreme value range as defined by GuruFocus.

MasTec Altman Z2-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

MasTec's Altman Z2-Score for today is calculated with this formula:

6.56

3.26

6.72

1.05

X4_2

6.56

0.1509

3.26

0.2933

6.72

0.0266

1.05

0.5157

2.67

Trailing Twelve Months (TTM) ended in Sep. 2022:
Total Assets was $7,476 Mil.
Total Current Assets was $3,114 Mil.
Total Current Liabilities was $1,986 Mil.
Retained Earnings was $2,193 Mil.
Pre-Tax Income was 60.311 + 18.247 + -48.107 + 91.785 = $122 Mil.
Interest Expense was -26.885 + -19.387 + -16.041 + -14.034 = $-76 Mil.
Total Liabilities was $4,929 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1	=	Working Capital	/	Total Assets
	=	(Total Current Assets - Total Current Liabilities)	/	Total Assets
	=	(3114.275 - 1986.483)	/	7475.663
	=	0.1509

X2	=	Retained Earnings	/	Total Assets
	=	2192.518	/	7475.663
	=	0.2933

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(122.236 - -76.347)	/	7475.663
	=	0.0266

X4_2	=	Net Worth	/	Total Liabilities
	=	(Total Stockholders Equity - Preferred Stock)	/	Total Liabilities
	=	(2542.073 - 0)	/	4929.15
	=	0.5157

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

MasTec has a Altman Z2-Score of 2.67 indicating it is in Safe Zones.

MasTec (NYSE:MTZ) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Be Aware

Altman Z2-Score does not apply to financial companies.

MasTec Altman Z2-Score Related Terms

Thank you for viewing the detailed overview of MasTec's Altman Z2-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

MasTec (NYSE:MTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Altman Z2-Score

Comparable Companies

Traded in Other Exchanges

MY8:Germany MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

http://www.mastec.com

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