J
Jacobs Engineering Group, Inc.
Industrial/Transportation
10/28/2019
Presented
| Date | 10/17/2019 |
| Price | $93.26 |
| Market Cap | $12.64B |
| Ent Value | $11.83B |
| P/E Ratio | N/A |
| Book Value | $44.61 |
| Div Yield | 0.73% |
| Shares O/S | 135.50M |
| Ave Daily Vol | 979,347 |
| Short Int | 2.49% |
Current
| Price | $138.34 |
| Market Cap | $17.19B |
| Jacobs Engineering Group, Inc. engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Buildings, Infrastructure, and Advanced Facilities (BIAF) and Aerospace, Technology, and Nuclear (ATN). Through the BIAF business, it provides services to broad sectors including buildings, water, transportation (roads, rail, aviation, and ports) and advanced facilities for life sciences, semiconductors, data centers, consumer products, and other advanced manufacturing operations throughout North America, Europe, India, the Middle East, Australia, and Asia. Its representative clients include national government departments/agencies in the US, Europe, United Kingdom, Australia, and Asia; state and local departments of transportation within the US; and private industry firms. The ATN business provides an in-depth range of scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries in several countries. Its long-term clients include the Ministry of Defence in the United Kingdom, the United Kingdom Nuclear Decommissioning Authority, NASA, the US Department of Energy, the US Department of Defense, the US Special Operations Command, the US Intelligence community, and the Australian Department of Defence. The company was founded by Joseph J. Jacobs in 1947 and is headquartered in Dallas, TX. |
Please note, on 12/10/19 Jacobs Engineering Group, Inc. (JEC) changed its ticker symbol to (J). The content of this idea may make reference to the original ticker symbol.
Publicly traded companies mentioned herein: Jacobs Engineering Group (JEC)
Highlights
The presenter is long shares of Jacobs Engineering Group (JEC), a technical professional services firm that provides construction services as well as scientific and specialty consultation to a broad range of clients globally. He believes that the company has successfully transformed its portfolio from a cyclical business to an acyclical business over the past two years, which is not reflected in its stock price. The company has an ~$12.6B market cap, and the stock is currently trading at ~$93 per share [14x on FY21 (ends on Sept 30, 2021) earnings consensus]. He expects the stock to rerate over time to at least a market multiple or better assuming his financial model of upward revisions to earnings estimates becomes more clear.
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