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MasTec Altman Z-Score

: 2.60 (As of Today)
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Warning Sign:

Altman Z-score of 2.62 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

MasTec has a Altman Z-Score of 2.60, indicating it is in Grey Zones. This implies that MasTec is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

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

MTZ' s Altman Z-Score Range Over the Past 10 Years
Min: 0.65   Med: 2.62   Max: 13.07
Current: 2.62

During the past 13 years, MasTec's highest Altman Z-Score was 13.07. The lowest was 0.65. And the median was 2.62.


MasTec Altman Z-Score Historical Data

The historical data trend for MasTec's Altman Z-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 Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.46 3.09 3.40 3.16 2.87

MasTec Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Altman Z-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 3.40 3.28 2.87 2.75 2.52

Competitive Comparison

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

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

* The bar in red indicates where MasTec's Altman Z-Score falls into.



MasTec Altman Z-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.

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

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.1566+1.4*0.2895+3.3*0.0357+0.6*1.2439+1.0*1.1439
=2.60

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2022:
Total Assets was $7,405 Mil.
Total Current Assets was $3,057 Mil.
Total Current Liabilities was $1,898 Mil.
Retained Earnings was $2,144 Mil.
Pre-Tax Income was 18.247 + -48.107 + 91.785 + 140.035 = $202 Mil.
Interest Expense was -19.387 + -16.041 + -14.034 + -13.091 = $-63 Mil.
Revenue was 2301.792 + 1954.4 + 1809.367 + 2404.332 = $8,470 Mil.
Market Cap (Today) was $6,120 Mil.
Total Liabilities was $4,920 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
=(3057.222 - 1897.69)/7404.686
=0.1566

X2=Retained Earnings/Total Assets
=2143.622/7404.686
=0.2895

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(201.96 - -62.553)/7404.686
=0.0357

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=6119.612/4919.744
=1.2439

X5=Revenue/Total Assets
=8469.891/7404.686
=1.1439

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

MasTec has a Altman Z-Score of 2.60 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


MasTec  (NYSE:MTZ) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


MasTec Altman Z-Score Related Terms

Thank you for viewing the detailed overview of MasTec's Altman Z-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

MasTec Headlines

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