MYR Group Inc. (MYRG) DCF Valuation
Why we don't show a single “fair value” for MYRG
Even the optimistic scenario of a conservative trailing-FCF model ($74.85) sits far below today's price — the market is paying for growth and durability beyond what this model structure captures. Off today's cash-flow base, no plausible growth rate bridges to the current price — the market is valuing normalized future cash flows, not the depressed base. The model scenarios below are shown for reference only.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 6.2%/yr | 11.6% | $47.54 |
| Base case | 9.2%/yr | 10.6% | $59.00 |
| Optimistic | 12.2%/yr | 9.6% | $74.85 |
| Analyst DCF (FMP) | independent reference — different model | $60.81 | |
Current Price
$446.77
Market-Implied Growth
—
Base-Case Model Value
$59.00
model output — not a price target
MYRG DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for MYRG (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $50.8M · 0.02B shares · net cash $77.3M
Estimated Fair Value
$71.75
-83.9% vs $446.77
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 9.2%/yr FCF growth and 10-year horizon fixed. Green = above today's $446.77; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.6% | $87.88 | $91.88 | $96.53 | $102 | $109 |
| 9.6% | $76.36 | $79.16 | $82.35 | $86.03 | $90.31 |
| 10.6% | $67.44 | $69.47 | $71.75 | $74.33 | $77.28 |
| 11.6% | $60.35 | $61.86 | $63.54 | $65.41 | $67.51 |
| 12.6% | $54.59 | $55.74 | $57.00 | $58.40 | $59.94 |
About MYR Group Inc.
Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.
- Sector
- Industrials
- Industry
- Engineering & Construction
- CEO
- Richard S. Swartz Jr.