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Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Construction Partners, Inc. provides heavy civil construction, asphalt paving and road maintenance services to public and private customers in regional U.S. markets. Long-term growth may be supported by public infrastructure spending, recurring maintenance demand and selective acquisitions, and the company appears positioned to convert backlog into revenue through local scale.
The most important investment risks are sensitivity to public spending cycles, volatility in asphalt and labor costs, execution and margin pressure on contracts and competitive bidding that could reduce backlog and profitability.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Income before tax | 65.40M | 28.31M | 28.52M | 52.45M | 55.69M |
| Net income | 49.00M | 21.38M | 20.18M | 40.30M | 43.12M |
| Selling general administrative | 126.95M | 107.56M | 91.88M | 68.60M | 62.72M |
| Gross profit | 196.38M | 139.30M | 119.94M | 122.21M | 117.95M |
| Reconciled depreciation | 79.10M | 65.73M | 49.81M | 39.30M | 31.23M |
| Ebit | 70.31M | 35.41M | 30.10M | 55.23M | 57.14M |
| Ebitda | 149.41M | 98.07M | 78.68M | 93.25M | 86.88M |
| Depreciation and amortization | 79.10M | 62.66M | 48.58M | 38.02M | 29.74M |
| Non operating income net other | - | 0.58M | 0.83M | 0.27M | 0.92M |
| Operating income | 81.88M | 35.41M | 30.10M | 55.23M | 57.14M |
| Other operating expenses | 1494.11M | 1269.93M | 882.68M | 732.06M | 728.01M |
| Interest expense | 17.35M | 7.70M | 2.40M | 3.11M | 1.86M |
| Tax provision | 16.40M | 6.92M | 8.35M | 12.76M | 13.91M |
| Interest income | - | - | - | - | 1.86M |
| Net interest income | -17.35M | -7.70M | -2.40M | -3.11M | -1.86M |
| Non recurring | - | -3.67M | -2.04M | -1.62M | -1.91M |
| Income tax expense | 16.40M | 6.92M | 8.35M | 12.76M | 13.91M |
| Total revenue | 1563.55M | 1301.67M | 910.74M | 785.68M | 783.24M |
| Total operating expenses | 126.95M | 107.56M | 91.88M | 68.60M | 62.72M |
| Cost of revenue | 1367.16M | 1162.37M | 790.80M | 663.47M | 665.28M |
| Total other income expense net | 13.31M | -7.10M | -1.58M | -2.78M | -1.45M |
| Net income from continuing ops | 49.00M | 21.38M | 20.18M | 39.69M | 43.12M |
| Net income applicable to common shares | - | 21.38M | 20.18M | 40.30M | 43.12M |
| Breakdown | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Total assets | 1219.66M | 1095.52M | 806.62M | 628.11M | 531.77M |
| Intangible assets | 19.52M | 15.98M | 4.16M | 3.22M | 3.43M |
| Other current assets | 5.03M | 5.74M | 2.35M | 1.43M | 2.40M |
| Total liab | 703.09M | 639.64M | 397.72M | 242.92M | 188.22M |
| Total stockholder equity | 516.57M | 455.88M | 408.90M | 385.19M | 343.55M |
| Deferred long term liab | - | 26.71M | 17.36M | 14.00M | 11.48M |
| Other current liab | 31.53M | 28.48M | 26.46M | 22.35M | 19.08M |
| Common stock | 0.06M | 0.06M | 0.06M | 0.06M | 0.06M |
| Capital stock | 0.06M | 0.06M | 0.06M | 0.06M | 0.06M |
| Retained earnings | 246.28M | 197.27M | 175.90M | 155.72M | 115.65M |
| Other liab | - | 38.38M | 28.28M | 20.77M | 17.28M |
| Good will | 159.27M | 129.47M | 85.42M | 46.35M | 38.55M |
| Other assets | - | 12.69M | 5.53M | 2.17M | 3.46M |
| Cash | 48.24M | 35.53M | 57.25M | 148.32M | 80.62M |
| Total current liabilities | 279.18M | 226.14M | 157.96M | 135.83M | 128.17M |
| Current deferred revenue | 78.91M | 52.48M | 33.72M | 33.70M | 31.11M |
| Net debt | 342.48M | 354.30M | 165.62M | -48.66M | -30.62M |
| Short term debt | 17.34M | 14.71M | 11.39M | 15.05M | 7.54M |
| Short long term debt | 15.00M | 12.50M | 10.00M | 13.00M | 7.54M |
| Short long term debt total | 390.73M | 389.83M | 222.87M | 99.65M | 50.00M |
| Other stockholder equity | 251.55M | 240.93M | 232.97M | 229.42M | 227.85M |
| Property plant equipment | - | 495.40M | 411.37M | 237.23M | 205.87M |
| Total current assets | 473.42M | 417.19M | 300.03M | 331.56M | 279.97M |
| Long term investments | 0.09M | 0.09M | 0.11M | 0.20M | 0.50M |
| Net tangible assets | - | 310.44M | 319.31M | 335.62M | 301.57M |
| Net receivables | 331.00M | 294.48M | 181.19M | 139.64M | 151.91M |
| Long term debt | 360.74M | 363.07M | 206.18M | 79.05M | 42.46M |
| Inventory | 84.04M | 74.19M | 53.79M | 38.56M | 34.29M |
| Accounts payable | 151.41M | 130.47M | 86.39M | 64.73M | 70.44M |
| Accumulated other comprehensive income | 18.69M | 17.62M | -0.02M | -209.53M | -177.93M |
| Common stock total equity | - | 0.06M | 0.06M | 0.06M | 0.06M |
| Retained earnings total equity | - | 197.27M | 175.90M | 155.72M | 115.65M |
| Treasury stock | - | -15.64M | -15.60M | -15.60M | -15.60M |
| Non currrent assets other | 10.66M | 10.69M | -11.83M | 1.78M | 2.28M |
| Non current assets total | 746.24M | 678.33M | 506.59M | 296.55M | 251.80M |
| Capital lease obligations | 14.99M | 14.27M | 6.70M | 7.60M | - |
| Long term debt total | - | 363.07M | 206.18M | 79.05M | 42.46M |
| Breakdown | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Investments | -143.37M | -197.33M | -263.41M | 0.36M | 2.50M |
| Change to liabilities | - | 56.95M | 20.22M | -1.97M | 2.24M |
| Total cashflows from investing activities | - | -197.33M | -263.41M | -79.36M | -60.23M |
| Net borrowings | - | 159.18M | 123.85M | 41.89M | -13.00M |
| Total cash from financing activities | -0.26M | 159.14M | 123.85M | 41.89M | -13.57M |
| Change to operating activities | - | -16.09M | 1.31M | 12.34M | 11.34M |
| Net income | 49.00M | 21.38M | 20.18M | 40.30M | 43.12M |
| Change in cash | 13.52M | -21.69M | -91.06M | 67.70M | -18.52M |
| Begin period cash flow | 35.56M | 57.25M | 148.32M | 80.62M | 99.14M |
| End period cash flow | 49.08M | 35.56M | 57.25M | 148.32M | 80.62M |
| Total cash from operating activities | 157.16M | 16.50M | 48.50M | 105.17M | 55.27M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 0.00M |
| Depreciation | 79.10M | 65.73M | 45.43M | 40.23M | 28.98M |
| Other cashflows from investing activities | - | -7.43M | -207.08M | -27.15M | -20.25M |
| Dividends paid | - | - | - | - | 13.57M |
| Change to inventory | -7.32M | -17.51M | -3.93M | -1.18M | -8.83M |
| Change to account receivables | -25.96M | -97.08M | -27.07M | 7.41M | -20.59M |
| Sale purchase of stock | -0.14M | -0.04M | 0.00M | 0.00M | -0.57M |
| Other cashflows from financing activities | 103.00M | 167.30M | 219.20M | 72.30M | 13.57M |
| Change to netincome | - | 9.03M | 2.87M | 5.80M | 1.70M |
| Capital expenditures | 97.81M | 68.85M | 56.33M | 52.57M | 42.48M |
| Cash flows other operating | - | -93.43M | -46.90M | 22.76M | 32.26M |
| Cash and cash equivalents changes | - | -21.69M | -91.06M | 67.70M | -18.52M |
| Change in working capital | 18.70M | -79.85M | -24.63M | 19.60M | -20.89M |
| Stock based compensation | 10.76M | 8.00M | 3.55M | 1.57M | 0.96M |
| Other non cash items | -11.57M | -4.72M | 0.23M | 0.17M | 0.11M |
| Free cash flow | 59.35M | -52.35M | -7.83M | 52.60M | 12.79M |
Sector: Industrials Industry: Engineering & Construction
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ROAD Construction Partners Inc |
6.07 7.86% |
83.25 | 51.95 | 41.49 | 1.82 | 5.65 | 2.06 | 19.07 |
| VCISF VINCI SA |
0.65 0.52% |
125.15 | 14.66 | 12.94 | 1.06 | 2.37 | 1.40 | 8.24 |
| VCISY Vinci SA ADR |
0.80 2.59% |
31.73 | 14.51 | 12.97 | 1.07 | 2.38 | 1.40 | 8.26 |
| FIX Comfort Systems USA Inc |
74.13 7.29% |
1091.63 | 57.81 | 47.39 | 6.47 | 24.14 | 6.44 | 40.64 |
| FER Ferrovial N.V. |
1.88 3.20% |
60.59 | 56.50 | 38.76 | 3.96 | 5.93 | 4.13 | 19.50 |
Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.
290 Healthwest Drive, Dothan, AL, United States, 36303
334 673 9763
1146
| Name | Title | Year Born |
|---|---|---|
| Mr. Fred Julius Smith III | Pres, CEO & Director | 1970 |
| Mr. R. Alan Palmer | Exec. VP & CFO | 1953 |
| Mr. Michael Brett Armstrong | Sr. VP | 1962 |
| Mr. Robert P. Flowers | Sr. VP | 1960 |
| Mr. John L. Harper | Sr. VP | 1965 |
| Mr. Ned Nelson Fleming III | Exec. Chairman | 1960 |
| Mr. Todd K. Andrews | Chief Accounting Officer | 1963 |
| Mr. Judson Ryan Brooks | Sr. VP of Legal | 1989 |
| Mr. John A. Walker | Sr. VP | 1957 |
| Will Pedersen | Pres of Riverworks, Inc. | NA |
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