Primoris Total Stockholder Equity vs Other Stockholder Equity 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 Total Stockholder Equity and its Other Stockholder Equity 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.

Total Stockholder Equity vs Other Stockholder Equity

Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primoris Services Total Stockholder Equity account and Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Primoris Services' Total Stockholder Equity and Other Stockholder Equity is 0.09. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity 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' Total Stockholder Equity and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Primoris Services are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., Primoris Services' Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.09
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Other Stockholder Equity

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 Tax151.9M159.3M177.7M100.1M
Total Operating Expenses230.1M281.6M328.7M345.2M

Primoris Services fundamental ratios Correlations

0.710.990.990.960.980.550.170.520.60.410.990.410.021.00.990.620.991.00.890.990.97-0.810.940.620.97
0.710.690.730.560.770.760.350.70.640.510.680.64-0.010.690.710.640.630.70.770.680.61-0.750.520.050.63
0.990.690.970.930.970.580.20.550.620.460.960.360.020.991.00.650.970.970.850.980.94-0.780.950.660.93
0.990.730.970.930.990.580.160.550.640.470.960.450.090.980.990.660.960.980.890.980.95-0.810.920.60.94
0.960.560.930.930.910.330.020.30.460.250.980.32-0.030.970.930.480.990.970.850.950.98-0.760.940.670.97
0.980.770.970.990.910.60.250.560.60.430.960.50.00.970.980.620.950.970.920.980.93-0.850.920.560.92
0.550.760.580.580.330.60.560.990.710.640.490.420.130.530.60.710.450.50.460.490.44-0.470.340.170.45
0.170.350.20.160.020.250.560.53-0.08-0.130.140.44-0.480.170.19-0.080.110.150.320.170.06-0.350.07-0.060.04
0.520.70.550.550.30.560.990.530.720.660.460.370.160.50.570.720.430.470.410.450.41-0.420.310.190.43
0.60.640.620.640.460.60.71-0.080.720.940.520.280.450.570.631.00.520.560.350.530.51-0.40.490.450.54
0.410.510.460.470.250.430.64-0.130.660.940.320.160.530.390.470.940.320.360.150.350.3-0.210.320.360.33
0.990.680.960.960.980.960.490.140.460.520.320.41-0.050.990.970.540.991.00.90.970.99-0.810.920.590.98
0.410.640.360.450.320.50.420.440.370.280.160.41-0.410.390.360.280.360.450.560.370.35-0.710.30.010.37
0.02-0.010.020.09-0.030.00.13-0.480.160.450.53-0.05-0.41-0.020.060.45-0.02-0.02-0.18-0.020.020.440.00.120.0
1.00.690.990.980.970.970.530.170.50.570.390.990.39-0.020.990.590.990.990.880.990.97-0.810.940.630.97
0.990.711.00.990.930.980.60.190.570.630.470.970.360.060.990.650.970.980.860.990.95-0.780.930.630.94
0.620.640.650.660.480.620.71-0.080.721.00.940.540.280.450.590.650.540.580.360.560.53-0.410.510.470.56
0.990.630.970.960.990.950.450.110.430.520.320.990.36-0.020.990.970.540.990.870.970.99-0.780.940.660.98
1.00.70.970.980.970.970.50.150.470.560.361.00.45-0.020.990.980.580.990.90.980.98-0.830.940.610.98
0.890.770.850.890.850.920.460.320.410.350.150.90.56-0.180.880.860.360.870.90.90.85-0.860.820.350.83
0.990.680.980.980.950.980.490.170.450.530.350.970.37-0.020.990.990.560.970.980.90.95-0.810.960.610.94
0.970.610.940.950.980.930.440.060.410.510.30.990.350.020.970.950.530.990.980.850.95-0.760.910.620.99
-0.81-0.75-0.78-0.81-0.76-0.85-0.47-0.35-0.42-0.4-0.21-0.81-0.710.44-0.81-0.78-0.41-0.78-0.83-0.86-0.81-0.76-0.71-0.36-0.79
0.940.520.950.920.940.920.340.070.310.490.320.920.30.00.940.930.510.940.940.820.960.91-0.710.690.88
0.620.050.660.60.670.560.17-0.060.190.450.360.590.010.120.630.630.470.660.610.350.610.62-0.360.690.59
0.970.630.930.940.970.920.450.040.430.540.330.980.370.00.970.940.560.980.980.830.940.99-0.790.880.59
Click cells to compare fundamentals

Primoris Services Account Relationship Matchups

Primoris Services fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.0B2.5B3.5B3.8B4.0B
Other Current Liab186.4M203.6M178.0M249.0M173.6M114.0M
Total Current Liabilities670.4M764.4M759.1M1.1B1.3B1.4B
Total Stockholder Equity628.5M714.8M990.1M1.1B1.2B1.3B
Net Debt402.2M127.7M559.0M1.0B1.1B1.2B
Retained Earnings531.3M624.7M727.4M847.7M961.0M1.0B
Cash120.3M326.7M200.5M248.7M217.8M160.4M
Other Assets14.6M222.0M16.4M21.8M25.1M40.0M
Cash And Short Term Investments120.3M326.7M200.5M248.7M217.8M169.4M
Common Stock Shares Outstanding51.1M48.6M53.2M53.8M54.2M48.4M
Liabilities And Stockholders Equity1.8B2.0B2.5B3.5B3.8B4.0B
Non Current Liabilities Total530.5M490.4M794.2M1.3B1.3B1.3B
Other Current Assets387.5M356.1M509.9M176.4M135.8M121.0M
Other Stockholder Equity97.1M89.1M261.9M263.8M275.8M240.5M
Total Liab1.2B1.3B1.6B2.4B2.6B2.7B
Total Current Assets912.7M1.1B1.2B1.7B1.9B2.0B
Short Long Term Debt Total522.5M454.5M759.5M1.3B1.3B1.4B
Non Current Assets Total917.8M854.3M1.4B1.8B1.9B2.0B
Non Currrent Assets Other13.5M12.8M15.1M21.8M20.5M21.6M
Net Receivables749.7M758.3M895.3M1.3B1.5B1.6B
Property Plant And Equipment Gross618.3M356.2M591.9M696.7M1.3B1.4B
Accumulated Other Comprehensive Income76K958K698K(2.6M)(788K)(827.4K)
Short Term Debt55.7M47.7M67.2M78.1M169.3M177.8M
Intangible Assets69.8M61.0M171.3M249.4M227.6M238.9M
Property Plant And Equipment Net618.3M563.5M591.9M696.7M836.4M878.3M
Current Deferred Revenue192.4M267.2M240.4M275.9M363.2M381.3M
Accounts Payable236.0M245.9M273.5M535.0M629.0M660.4M
Net Tangible Assets343.6M438.6M237.1M(12.4M)(14.2M)(13.5M)
Long Term Debt295.6M268.8M594.2M1.1B885.4M929.6M
Retained Earnings Total Equity461.1M531.3M624.7M727.4M836.5M429.9M
Long Term Debt Total305.7M295.6M268.8M594.2M683.4M717.5M
Capital Surpluse144.0M97.1M89.1M261.9M301.2M170.3M
Deferred Long Term Liab8.2M17.8M13.5M38.5M44.3M46.5M
Non Current Liabilities Other217.0M208.0M63.4M43.9M47.9M66.4M

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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:
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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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.