Granite Construction Incorporated Stock Performance
| GVA Stock | USD 53.58 0.14 0.26% |
On a scale of 0 to 100, Granite Construction holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 1.27, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Granite Construction will likely underperform. Please check Granite Construction's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Granite Construction's current trending patterns will revert.
Risk-Adjusted Performance
16 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Granite Construction Incorporated are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Granite Construction sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 2.3 | Five Day Return 1.18 | Year To Date Return 8.81 | Ten Year Return 41.66 | All Time Return 928.33 |
Forward Dividend Yield 0.0097 | Payout Ratio 0.1661 | Last Split Factor 3:2 | Forward Dividend Rate 0.52 | Dividend Date 2024-04-15 |
1 | Granite Construction Inc Reports Solid Revenue Growth and Strong Operating Cash Flow in ... | 02/22/2024 |
2 | Disposition of 1263 shares by Louis Caldera of Granite Construction at 50.0 subject to Rule 16b-3 | 02/27/2024 |
3 | Airport Construction Market Report 2024 Technological Integration for Smart Airports, Upgrades in Air Traffic Management Systems and Adoption of Modular Constru... | 03/06/2024 |
4 | Granite Earns its Fourth Consecutive Early Talent Award from Handshake | 03/13/2024 |
5 | Disposition of 366 shares by Michael Tatusko of Granite Construction at 54.44 subject to Rule 16b-3 | 03/14/2024 |
6 | Disposition of 3289 shares by Kyle Larkin of Granite Construction at 54.44 subject to Rule 16b-3 | 03/18/2024 |
7 | Public Sector Pension Investment Board Trims Stake in Granite Construction Incorporated - MarketBeat | 03/20/2024 |
8 | Granite Construction Sets New 1-Year High at 56.26 - MarketBeat | 03/26/2024 |
9 | GRANITE CONSTR. DL-,01 Trade Ideas MUNGRG TradingView - TradingView | 04/05/2024 |
| Granite Construction dividend paid on 15th of April 2024 | 04/15/2024 |
10 | Financial Analysis Granite Construction vs. Shimmick - Defense World | 04/18/2024 |
| Begin Period Cash Flow | 294 M |
Granite |
Granite Construction Relative Risk vs. Return Landscape
If you would invest 4,461 in Granite Construction Incorporated on January 24, 2024 and sell it today you would earn a total of 897.00 from holding Granite Construction Incorporated or generate 20.11% return on investment over 90 days. Granite Construction Incorporated is generating 0.3057% of daily returns assuming volatility of 1.4104% on return distribution over 90 days investment horizon. In other words, 12% of stocks are less volatile than Granite, and above 94% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Granite Construction Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Construction's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Granite Construction Incorporated, and traders can use it to determine the average amount a Granite Construction's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2168
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Estimated Market Risk
| 1.41 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average Granite Construction is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Granite Construction by adding it to a well-diversified portfolio.
Granite Construction Fundamentals Growth
Granite Stock prices reflect investors' perceptions of the future prospects and financial health of Granite Construction, and Granite Construction fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Granite Stock performance.
| Return On Equity | 0.0294 | ||||
| Return On Asset | 0.0141 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 2.51 B | ||||
| Shares Outstanding | 43.97 M | ||||
| Price To Earning | 33.49 X | ||||
| Price To Book | 2.49 X | ||||
| Price To Sales | 0.69 X | ||||
| Revenue | 3.51 B | ||||
| Gross Profit | 369.49 M | ||||
| EBITDA | 143.99 M | ||||
| Net Income | 43.6 M | ||||
| Cash And Equivalents | 293.99 M | ||||
| Cash Per Share | 11.02 X | ||||
| Total Debt | 735.09 M | ||||
| Debt To Equity | 0.33 % | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 22.24 X | ||||
| Cash Flow From Operations | 183.71 M | ||||
| Earnings Per Share | 0.97 X | ||||
| Market Capitalization | 2.36 B | ||||
| Total Asset | 2.81 B | ||||
| Retained Earnings | 501.84 M | ||||
| Working Capital | 613.57 M | ||||
| Current Asset | 985.22 M | ||||
| Current Liabilities | 466.05 M | ||||
About Granite Construction Performance
To evaluate Granite Construction Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Granite Construction generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Granite Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Granite Construction market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Granite's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 12.18 | 6.28 | |
| Return On Tangible Assets | 0.02 | 0.02 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.02 | 0.01 | |
| Return On Equity | 0.04 | 0.09 |
Things to note about Granite Construction performance evaluation
Checking the ongoing alerts about Granite Construction for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Granite Construction help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 99.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Granite Construction paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Financial Analysis Granite Construction vs. Shimmick - Defense World |
- Analyzing Granite Construction's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Granite Construction's stock is overvalued or undervalued compared to its peers.
- Examining Granite Construction's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Granite Construction's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Granite Construction's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Granite Construction's stock. These opinions can provide insight into Granite Construction's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Granite Construction's price analysis, check to measure Granite Construction's 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 Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.
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Is Granite Construction's 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 Granite Construction. If investors know Granite 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 Granite Construction 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 0.295 | Dividend Share 0.52 | Earnings Share 0.97 | Revenue Per Share 79.973 | Quarterly Revenue Growth 0.183 |
The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction's 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 Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction's 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 Granite Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction's 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.