Attractive stocks have exceptional fundamentals. In the case of Tetra Tech, Inc. (NASDAQ:TTEK), there's is a company with great financial health as well as a a great history of performance. Below is a brief commentary on these key aspects. If you're interested in understanding beyond my broad commentary, read the full report on Tetra Tech here.
Solid track record with excellent balance sheet
TTEK delivered a bottom-line expansion of 23% in the prior year, with its most recent earnings level surpassing its average level over the last five years. In addition to beating its historical values, TTEK also outperformed its industry, which delivered a growth of -2.4%. This paints a buoyant picture for the company. TTEK's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This implies that TTEK manages its cash and cost levels well, which is an important determinant of the company’s health. TTEK's has produced operating cash levels of 0.62x total debt over the past year, which implies that TTEK's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
For Tetra Tech, I've compiled three key aspects you should further research:
- Future Outlook: What are well-informed industry analysts predicting for TTEK’s future growth? Take a look at our free research report of analyst consensus for TTEK’s outlook.
- Valuation: What is TTEK worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether TTEK is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TTEK? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.