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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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How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.

FOMO, or the fear of missing out, also plays a role in investing, particularly 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 22.1% to total revenues for 2023) – 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 (40.3%) – 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 (24.8%) – 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 (9.3%) – 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 (3.5%) – This segment provides support services related to operation and maintenance of commercial and government client facilities in the U.K.

Bottom Line

Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Emcor Group ten years ago, you're likely feeling pretty good about your investment today.

A $1000 investment made in August 2014 would be worth $8,941.23, or a gain of 794.12%, as of August 23, 2024, according to our calculations. This return excludes dividends but includes price appreciation.

Compare this to the S&P 500's rally of 180.16% and gold's return of 86.66% over the same time frame.

Analysts are anticipating more upside for EME.

Shares of EMCOR outperformed its industry in the year-to-date period. The trend is expected to continue on the back of strong second-quarter performance. Both the earnings and revenues topped the analysts’ expectations and increased year over year. The upside was backed by a continued strong mix and pipeline of projects in large and growing market sectors with long-term secular trends, including high-tech and traditional manufacturing, network and communications, institutional and healthcare. Also, RPOs approached record levels of $9 billion and the pipeline remained robust. Owing to this solid performance, EMCOR raised 2024 guidance. Earnings estimates for 2024 have moved up in the past 30 days. That said, macroeconomic woes and volatile pricing remain major risks for the company’s prospects.

Shares have gained 7.55% over the past four weeks and there have been 1 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.

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