- MYR Group (MYRG) trades at an attractive multiple as a recent revenue decline and misplaced concern over headwinds facing its utility customers resulted in investors beginning to question the growth story.
- However the intermediate to long term outlook remains positive due to the dual demand drivers of expected upgrades to the aging electric infrastructure and shift towards renewable energy.
- Moreover, MYRG receives little recognition for the significant margin expansion, free cash flow growth or high tangible book value.
MYRG is a specialty contractor serving the domestic electrical infrastructure market through two segments:
The transmission and distribution (T&D) segment provides services on electric networks and substation facilities including design, engineering, procurement, construction, upgrade, maintenance...
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