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If You Invested $1000 in Emcor Group a Decade Ago, This is How Much It'd Be Worth Now
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Emcor Group (EME - Free Report) ten years ago? It may not have been easy to hold on to EME for all that time, but if you did, how much would your investment be worth today?
Emcor Group's Business In-Depth
With that in mind, let's take a look at Emcor Group's main business drivers.
EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:
United States Electrical Construction and Facilities Services (contributing 22% to total revenues for 2022) – This comprises systems for premises electrical and lighting systems; electrical power transmission and distribution; roadway and transit lighting; fiber optic lines; voice and data communication; as well as low-voltage systems, such as fire alarm, security and process control.
United States Mechanical Construction and Facilities Services (39.1%) – This involves systems for fire protection; heating, ventilation, air conditioning, refrigeration and clean-room process ventilation; water and wastewater treatment and central plant heating and cooling; plumbing, process and high-purity piping; millwrighting; steel fabrication, erection and welding; as well as controls and filtration.
United States Building Services (24.6%) – This segment provides various types of support services related to operation and maintenance of clients’ facilities in the U.S. These include commercial and government site-based operations and maintenance; military base operations support services; infrastructure and building projects for federal, state and local governmental agencies.
United States Industrial Services (10%) – This segment comprises industrial maintenance and services that are needed for refineries and petrochemical plants such as designing, manufacturing, repairing and hydro blast cleaning of shell and tube heat exchangers and related equipment; overhaul and maintenance of critical process units in refineries and petrochemical plants.
United Kingdom Building Services (4.3%) – This segment provides support services related to operation and maintenance of commercial and government client facilities in the U.K.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Emcor Group ten years ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in November 2013 would be worth $5,589.65, or a gain of 458.96%, as of November 22, 2023, and this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 152.70% and gold's return of 54.56% over the same time frame.
Analysts are anticipating more upside for EME.
Shares of EMCOR have outperformed its industry in the year-to-date period. EMCOR’s U.S. businesses remained solid during the third quarter, backed by solid end-market demand and top-tier execution initiatives. The company is witnessing resilient demand for its services, primarily in semiconductors, data centers, manufacturing re-shoring, healthcare and across the EV value chain, which sparked its growth momentum. The remaining performance obligations or RPOs, as of Sep 30, 2023, were $8.64 billion, up 21.7% year over year. Owing to these tailwinds, the company raised its revenues and earnings outlook for 2023. Yet, inflationary pressures and higher interest rates are potential risks. Macroeconomic uncertainties posed by the Russia-Ukraine, and the Hamas-Israel war, are creating turmoil in the oil & gas markets, thereby hurting EMCOR.
Over the past four weeks, shares have rallied 10.91%, and there have been 2 higher earnings estimate revisions in the past two months for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
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If You Invested $1000 in Emcor Group a Decade Ago, This is How Much It'd Be Worth Now
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Emcor Group (EME - Free Report) ten years ago? It may not have been easy to hold on to EME for all that time, but if you did, how much would your investment be worth today?
Emcor Group's Business In-Depth
With that in mind, let's take a look at Emcor Group's main business drivers.
EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:
United States Electrical Construction and Facilities Services (contributing 22% to total revenues for 2022) – This comprises systems for premises electrical and lighting systems; electrical power transmission and distribution; roadway and transit lighting; fiber optic lines; voice and data communication; as well as low-voltage systems, such as fire alarm, security and process control.
United States Mechanical Construction and Facilities Services (39.1%) – This involves systems for fire protection; heating, ventilation, air conditioning, refrigeration and clean-room process ventilation; water and wastewater treatment and central plant heating and cooling; plumbing, process and high-purity piping; millwrighting; steel fabrication, erection and welding; as well as controls and filtration.
United States Building Services (24.6%) – This segment provides various types of support services related to operation and maintenance of clients’ facilities in the U.S. These include commercial and government site-based operations and maintenance; military base operations support services; infrastructure and building projects for federal, state and local governmental agencies.
United States Industrial Services (10%) – This segment comprises industrial maintenance and services that are needed for refineries and petrochemical plants such as designing, manufacturing, repairing and hydro blast cleaning of shell and tube heat exchangers and related equipment; overhaul and maintenance of critical process units in refineries and petrochemical plants.
United Kingdom Building Services (4.3%) – This segment provides support services related to operation and maintenance of commercial and government client facilities in the U.K.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Emcor Group ten years ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in November 2013 would be worth $5,589.65, or a gain of 458.96%, as of November 22, 2023, and this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 152.70% and gold's return of 54.56% over the same time frame.
Analysts are anticipating more upside for EME.
Shares of EMCOR have outperformed its industry in the year-to-date period. EMCOR’s U.S. businesses remained solid during the third quarter, backed by solid end-market demand and top-tier execution initiatives. The company is witnessing resilient demand for its services, primarily in semiconductors, data centers, manufacturing re-shoring, healthcare and across the EV value chain, which sparked its growth momentum. The remaining performance obligations or RPOs, as of Sep 30, 2023, were $8.64 billion, up 21.7% year over year. Owing to these tailwinds, the company raised its revenues and earnings outlook for 2023. Yet, inflationary pressures and higher interest rates are potential risks. Macroeconomic uncertainties posed by the Russia-Ukraine, and the Hamas-Israel war, are creating turmoil in the oil & gas markets, thereby hurting EMCOR.
Over the past four weeks, shares have rallied 10.91%, and there have been 2 higher earnings estimate revisions in the past two months for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.