Friday, July 29, 2022 10:30:20 AM
MasTec Stock Price Chart
MasTec Stock Price Chart (finviz)
MasTec is Telco/Power/O&GPipe/Renewable. MasTec also has a record company backlog. MasTec's backlog is at $10.6B and is the first time they've ever exceeded $10B. MasTec trades at 23x earnings. MasTec projects 2022 EBITDA of $750M. This puts MasTec at EV/EBITDA of 9.9x. MasTec looks at 2022 as a transition year. I believe MasTec is worth $90+. Company insiders own over 20% of the float and MasTec's largest customer is AT&T (T) which is ramping up activity in wireless/5G as planned. MasTec's largest communications customers also include Verizon, T-Mobile and Dish -- all of which are increasing their activity. MasTec sees this as part of ramping up a long cycle.
Non-Telco
MasTec has other lines of business aside from Telco. MasTec dialed back 2022 guidance because of Oil and Gas slowdowns and because a project is being pushed back a couple quarters and so this should swing back next year. MasTec views Biden's solar executive order as beneficially as soon as next year. The supply chain is being impacted by inflation but progress is being made. There is a lot of potential in the future growth of wind energy based on new transmission routes being put into place to capture wind energy.
https://seekingalpha.com/article/4527107-5g-rollout-underway-qualtek-most-potential-upside
Recent MTZ News
- MasTec Announces First Quarter 2024 Financial Results and Raises Guidance for the Year • PR Newswire (US) • 05/02/2024 08:33:00 PM
- MasTec Schedules First Quarter 2024 Earnings Release and Conference Call • PR Newswire (US) • 04/11/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:46:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:39:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:37:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:35:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:33:57 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 03/01/2024 09:28:42 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/01/2024 02:58:57 AM
- MasTec Announces Fourth Quarter and Annual 2023 Financial Results and Provides Initial 2024 Guidance • PR Newswire (US) • 02/29/2024 09:41:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:58:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:56:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:53:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:50:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:47:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:42:27 PM
- MasTec Schedules Fourth Quarter 2023 Earnings Release and Conference Call • PR Newswire (US) • 02/16/2024 11:55:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:09:37 PM
- Form SCHEDULE 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 10:50:11 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/26/2024 10:26:51 PM
- MasTec Senior Management to Present at the UBS 2023 Industrial Summit Investor Conference • PR Newswire (US) • 11/24/2023 03:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:56:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:54:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:50:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:48:16 PM
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