Primoris Long Term Investments vs Other Assets Analysis

PRIM Stock

USD 46.42 1.01 2.22%

Primoris Services financial indicator trend analysis is much more than just breaking down Primoris Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primoris Services is a good investment. Please check the relationship between Primoris Services Long Term Investments and its Other Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.

Long Term Investments vs Other Assets

Long Term Investments vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primoris Services Long Term Investments account and Other Assets. At this time, the significance of the direction appears to have no relationship.

The correlation between Primoris Services' Long Term Investments and Other Assets is 0.03. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Assets in the same time period over historical financial statements of Primoris Services, assuming nothing else is changed. The correlation between historical values of Primoris Services' Long Term Investments and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Primoris Services are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Long Term Investments i.e., Primoris Services' Long Term Investments and Other Assets go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Primoris Services balance sheet that represents investments Primoris Services intends to hold for over a year. Primoris Services long term investments may include different instruments such as stocks, bonds, real estate and cash.

Other Assets

Most indicators from Primoris Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primoris Services current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.At this time, Primoris Services' Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Enterprise Value Over EBITDA is likely to grow to 8.20, while Issuance Of Capital Stock is likely to drop about 636.5 K.

	2021	2022	2023	2024 (projected)
Income Before Tax	151.9M	159.3M	177.7M	100.1M
Total Operating Expenses	230.1M	281.6M	328.7M	345.2M

Income Before Tax Total Operating Expenses

Primoris Services fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Inventory	Property Plant And Equipment Gross	Short Term Debt	Intangible Assets
Total Assets		0.71	0.99	0.99	0.96	0.98	0.55	0.17	0.52	0.6	0.41	0.99	0.41	0.02	1.0	0.99	0.62	0.99	1.0	0.89	0.99	0.97	-0.81	0.94	0.62	0.97
Other Current Liab	0.71		0.69	0.73	0.56	0.77	0.76	0.35	0.7	0.64	0.51	0.68	0.64	-0.01	0.69	0.71	0.64	0.63	0.7	0.77	0.68	0.61	-0.75	0.52	0.05	0.63
Total Current Liabilities	0.99	0.69		0.97	0.93	0.97	0.58	0.2	0.55	0.62	0.46	0.96	0.36	0.02	0.99	1.0	0.65	0.97	0.97	0.85	0.98	0.94	-0.78	0.95	0.66	0.93
Total Stockholder Equity	0.99	0.73	0.97		0.93	0.99	0.58	0.16	0.55	0.64	0.47	0.96	0.45	0.09	0.98	0.99	0.66	0.96	0.98	0.89	0.98	0.95	-0.81	0.92	0.6	0.94
Net Debt	0.96	0.56	0.93	0.93		0.91	0.33	0.02	0.3	0.46	0.25	0.98	0.32	-0.03	0.97	0.93	0.48	0.99	0.97	0.85	0.95	0.98	-0.76	0.94	0.67	0.97
Retained Earnings	0.98	0.77	0.97	0.99	0.91		0.6	0.25	0.56	0.6	0.43	0.96	0.5	0.0	0.97	0.98	0.62	0.95	0.97	0.92	0.98	0.93	-0.85	0.92	0.56	0.92
Cash	0.55	0.76	0.58	0.58	0.33	0.6		0.56	0.99	0.71	0.64	0.49	0.42	0.13	0.53	0.6	0.71	0.45	0.5	0.46	0.49	0.44	-0.47	0.34	0.17	0.45
Other Assets	0.17	0.35	0.2	0.16	0.02	0.25	0.56		0.53	-0.08	-0.13	0.14	0.44	-0.48	0.17	0.19	-0.08	0.11	0.15	0.32	0.17	0.06	-0.35	0.07	-0.06	0.04
Cash And Short Term Investments	0.52	0.7	0.55	0.55	0.3	0.56	0.99	0.53		0.72	0.66	0.46	0.37	0.16	0.5	0.57	0.72	0.43	0.47	0.41	0.45	0.41	-0.42	0.31	0.19	0.43
Common Stock Total Equity	0.6	0.64	0.62	0.64	0.46	0.6	0.71	-0.08	0.72		0.94	0.52	0.28	0.45	0.57	0.63	1.0	0.52	0.56	0.35	0.53	0.51	-0.4	0.49	0.45	0.54
Common Stock Shares Outstanding	0.41	0.51	0.46	0.47	0.25	0.43	0.64	-0.13	0.66	0.94		0.32	0.16	0.53	0.39	0.47	0.94	0.32	0.36	0.15	0.35	0.3	-0.21	0.32	0.36	0.33
Non Current Liabilities Total	0.99	0.68	0.96	0.96	0.98	0.96	0.49	0.14	0.46	0.52	0.32		0.41	-0.05	0.99	0.97	0.54	0.99	1.0	0.9	0.97	0.99	-0.81	0.92	0.59	0.98
Other Current Assets	0.41	0.64	0.36	0.45	0.32	0.5	0.42	0.44	0.37	0.28	0.16	0.41		-0.41	0.39	0.36	0.28	0.36	0.45	0.56	0.37	0.35	-0.71	0.3	0.01	0.37
Other Stockholder Equity	0.02	-0.01	0.02	0.09	-0.03	0.0	0.13	-0.48	0.16	0.45	0.53	-0.05	-0.41		-0.02	0.06	0.45	-0.02	-0.02	-0.18	-0.02	0.02	0.44	0.0	0.12	0.0
Total Liab	1.0	0.69	0.99	0.98	0.97	0.97	0.53	0.17	0.5	0.57	0.39	0.99	0.39	-0.02		0.99	0.59	0.99	0.99	0.88	0.99	0.97	-0.81	0.94	0.63	0.97
Total Current Assets	0.99	0.71	1.0	0.99	0.93	0.98	0.6	0.19	0.57	0.63	0.47	0.97	0.36	0.06	0.99		0.65	0.97	0.98	0.86	0.99	0.95	-0.78	0.93	0.63	0.94
Common Stock	0.62	0.64	0.65	0.66	0.48	0.62	0.71	-0.08	0.72	1.0	0.94	0.54	0.28	0.45	0.59	0.65		0.54	0.58	0.36	0.56	0.53	-0.41	0.51	0.47	0.56
Short Long Term Debt Total	0.99	0.63	0.97	0.96	0.99	0.95	0.45	0.11	0.43	0.52	0.32	0.99	0.36	-0.02	0.99	0.97	0.54		0.99	0.87	0.97	0.99	-0.78	0.94	0.66	0.98
Non Current Assets Total	1.0	0.7	0.97	0.98	0.97	0.97	0.5	0.15	0.47	0.56	0.36	1.0	0.45	-0.02	0.99	0.98	0.58	0.99		0.9	0.98	0.98	-0.83	0.94	0.61	0.98
Non Currrent Assets Other	0.89	0.77	0.85	0.89	0.85	0.92	0.46	0.32	0.41	0.35	0.15	0.9	0.56	-0.18	0.88	0.86	0.36	0.87	0.9		0.9	0.85	-0.86	0.82	0.35	0.83
Net Receivables	0.99	0.68	0.98	0.98	0.95	0.98	0.49	0.17	0.45	0.53	0.35	0.97	0.37	-0.02	0.99	0.99	0.56	0.97	0.98	0.9		0.95	-0.81	0.96	0.61	0.94
Good Will	0.97	0.61	0.94	0.95	0.98	0.93	0.44	0.06	0.41	0.51	0.3	0.99	0.35	0.02	0.97	0.95	0.53	0.99	0.98	0.85	0.95		-0.76	0.91	0.62	0.99
Inventory	-0.81	-0.75	-0.78	-0.81	-0.76	-0.85	-0.47	-0.35	-0.42	-0.4	-0.21	-0.81	-0.71	0.44	-0.81	-0.78	-0.41	-0.78	-0.83	-0.86	-0.81	-0.76		-0.71	-0.36	-0.79
Property Plant And Equipment Gross	0.94	0.52	0.95	0.92	0.94	0.92	0.34	0.07	0.31	0.49	0.32	0.92	0.3	0.0	0.94	0.93	0.51	0.94	0.94	0.82	0.96	0.91	-0.71		0.69	0.88
Short Term Debt	0.62	0.05	0.66	0.6	0.67	0.56	0.17	-0.06	0.19	0.45	0.36	0.59	0.01	0.12	0.63	0.63	0.47	0.66	0.61	0.35	0.61	0.62	-0.36	0.69		0.59
Intangible Assets	0.97	0.63	0.93	0.94	0.97	0.92	0.45	0.04	0.43	0.54	0.33	0.98	0.37	0.0	0.97	0.94	0.56	0.98	0.98	0.83	0.94	0.99	-0.79	0.88	0.59

Click cells to compare fundamentals

Primoris Services Account Relationship Matchups

Primoris Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.0B	2.5B	3.5B	3.8B	4.0B
Other Current Liab	186.4M	203.6M	178.0M	249.0M	173.6M	114.0M
Total Current Liabilities	670.4M	764.4M	759.1M	1.1B	1.3B	1.4B
Total Stockholder Equity	628.5M	714.8M	990.1M	1.1B	1.2B	1.3B
Net Debt	402.2M	127.7M	559.0M	1.0B	1.1B	1.2B
Retained Earnings	531.3M	624.7M	727.4M	847.7M	961.0M	1.0B
Cash	120.3M	326.7M	200.5M	248.7M	217.8M	160.4M
Other Assets	14.6M	222.0M	16.4M	21.8M	25.1M	40.0M
Cash And Short Term Investments	120.3M	326.7M	200.5M	248.7M	217.8M	169.4M
Common Stock Shares Outstanding	51.1M	48.6M	53.2M	53.8M	54.2M	48.4M
Liabilities And Stockholders Equity	1.8B	2.0B	2.5B	3.5B	3.8B	4.0B
Non Current Liabilities Total	530.5M	490.4M	794.2M	1.3B	1.3B	1.3B
Other Current Assets	387.5M	356.1M	509.9M	176.4M	135.8M	121.0M
Other Stockholder Equity	97.1M	89.1M	261.9M	263.8M	275.8M	240.5M
Total Liab	1.2B	1.3B	1.6B	2.4B	2.6B	2.7B
Total Current Assets	912.7M	1.1B	1.2B	1.7B	1.9B	2.0B
Short Long Term Debt Total	522.5M	454.5M	759.5M	1.3B	1.3B	1.4B
Non Current Assets Total	917.8M	854.3M	1.4B	1.8B	1.9B	2.0B
Non Currrent Assets Other	13.5M	12.8M	15.1M	21.8M	20.5M	21.6M
Net Receivables	749.7M	758.3M	895.3M	1.3B	1.5B	1.6B
Property Plant And Equipment Gross	618.3M	356.2M	591.9M	696.7M	1.3B	1.4B
Accumulated Other Comprehensive Income	76K	958K	698K	(2.6M)	(788K)	(827.4K)
Short Term Debt	55.7M	47.7M	67.2M	78.1M	169.3M	177.8M
Intangible Assets	69.8M	61.0M	171.3M	249.4M	227.6M	238.9M
Property Plant And Equipment Net	618.3M	563.5M	591.9M	696.7M	836.4M	878.3M
Current Deferred Revenue	192.4M	267.2M	240.4M	275.9M	363.2M	381.3M
Accounts Payable	236.0M	245.9M	273.5M	535.0M	629.0M	660.4M
Net Tangible Assets	343.6M	438.6M	237.1M	(12.4M)	(14.2M)	(13.5M)
Long Term Debt	295.6M	268.8M	594.2M	1.1B	885.4M	929.6M
Retained Earnings Total Equity	461.1M	531.3M	624.7M	727.4M	836.5M	429.9M
Long Term Debt Total	305.7M	295.6M	268.8M	594.2M	683.4M	717.5M
Capital Surpluse	144.0M	97.1M	89.1M	261.9M	301.2M	170.3M
Deferred Long Term Liab	8.2M	17.8M	13.5M	38.5M	44.3M	46.5M
Non Current Liabilities Other	217.0M	208.0M	63.4M	43.9M	47.9M	66.4M

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When determining whether Primoris Services is a strong investment it is important to analyze Primoris Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primoris Services' future performance. For an informed investment choice regarding Primoris Stock, refer to the following important reports:

How To Invest In Primoris

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Is Primoris Stock a good investment?

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What is Primoris Services' Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Primoris Services' price analysis, check to measure Primoris Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primoris Services is operating at the current time. Most of Primoris Services' value examination focuses on studying past and present price action to predict the probability of Primoris Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primoris Services' price. Additionally, you may evaluate how the addition of Primoris Services to your portfolios can decrease your overall portfolio volatility.

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Is Primoris Services' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Dividend Share

0.24

Earnings Share

2.33

Revenue Per Share

107.235

Quarterly Revenue Growth

0.14

The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Primoris Long Term Investments vs Other Assets Analysis

Long Term Investments vs Other Assets

Long Term Investments vs Other Assets Correlation Analysis

Correlation Coefficient

Long Term Investments

Other Assets

Primoris Services fundamental ratios Correlations

Primoris Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primoris Services fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

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Complementary Tools for Primoris Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 1.0	Non Current Liabilities Total
Total Current Liabilities	+ 0.99	Total Assets

Inventory	- 0.86	Non Currrent Assets Other
Inventory	- 0.85	Retained Earnings
Inventory	- 0.83	Non Current Assets Total
Inventory	- 0.81	Net Receivables
Inventory	- 0.81	Total Liab
Inventory	- 0.81	Non Current Liabilities Total