Intrinsic value of Tetra Tech - TTEK

Previous Close

$59.15

  Intrinsic Value

$74.05

stock screener

  Rating & Target

buy

+25%

Previous close

$59.15

 
Intrinsic value

$74.05

 
Up/down potential

+25%

 
Rating

buy

We calculate the intrinsic value of TTEK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.44
  6.60
  6.44
  6.30
  6.17
  6.05
  5.94
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.18
  5.16
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.08
Revenue, $m
  2,034
  2,935
  3,124
  3,320
  3,525
  3,738
  3,961
  4,192
  4,434
  4,686
  4,950
  5,225
  5,512
  5,813
  6,127
  6,456
  6,800
  7,160
  7,537
  7,932
  8,346
  8,779
  9,234
  9,710
  10,209
  10,733
  11,282
  11,857
  12,461
  13,095
  13,759
Variable operating expenses, $m
 
  2,278
  2,420
  2,567
  2,721
  2,881
  3,048
  3,221
  3,403
  3,592
  3,790
  3,919
  4,135
  4,360
  4,596
  4,842
  5,101
  5,371
  5,654
  5,950
  6,260
  6,585
  6,926
  7,283
  7,658
  8,051
  8,462
  8,894
  9,347
  9,822
  10,321
Fixed operating expenses, $m
 
  457
  467
  477
  488
  498
  509
  521
  532
  544
  556
  568
  580
  593
  606
  620
  633
  647
  661
  676
  691
  706
  721
  737
  754
  770
  787
  804
  822
  840
  859
Total operating expenses, $m
  1,851
  2,735
  2,887
  3,044
  3,209
  3,379
  3,557
  3,742
  3,935
  4,136
  4,346
  4,487
  4,715
  4,953
  5,202
  5,462
  5,734
  6,018
  6,315
  6,626
  6,951
  7,291
  7,647
  8,020
  8,412
  8,821
  9,249
  9,698
  10,169
  10,662
  11,180
Operating income, $m
  183
  200
  237
  276
  316
  359
  404
  450
  499
  551
  604
  738
  797
  859
  925
  994
  1,066
  1,142
  1,222
  1,306
  1,395
  1,488
  1,586
  1,689
  1,798
  1,912
  2,032
  2,159
  2,292
  2,432
  2,580
EBITDA, $m
  229
  365
  408
  453
  499
  548
  600
  653
  710
  768
  830
  895
  963
  1,034
  1,109
  1,188
  1,271
  1,358
  1,449
  1,545
  1,646
  1,752
  1,864
  1,981
  2,105
  2,235
  2,372
  2,516
  2,667
  2,826
  2,994
Interest expense (income), $m
  12
  19
  23
  26
  30
  34
  38
  42
  47
  51
  56
  61
  66
  72
  78
  84
  90
  97
  103
  111
  118
  126
  134
  143
  152
  162
  172
  182
  193
  205
  217
Earnings before tax, $m
  172
  180
  214
  249
  286
  325
  366
  408
  453
  499
  548
  677
  731
  787
  847
  910
  976
  1,046
  1,119
  1,196
  1,277
  1,362
  1,452
  1,546
  1,645
  1,750
  1,860
  1,976
  2,099
  2,227
  2,363
Tax expense, $m
  54
  49
  58
  67
  77
  88
  99
  110
  122
  135
  148
  183
  197
  213
  229
  246
  264
  282
  302
  323
  345
  368
  392
  417
  444
  473
  502
  534
  567
  601
  638
Net income, $m
  118
  132
  156
  182
  209
  237
  267
  298
  330
  364
  400
  494
  533
  575
  618
  664
  713
  763
  817
  873
  932
  994
  1,060
  1,129
  1,201
  1,278
  1,358
  1,443
  1,532
  1,626
  1,725

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  190
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,903
  2,028
  2,159
  2,295
  2,436
  2,584
  2,737
  2,897
  3,064
  3,239
  3,421
  3,611
  3,809
  4,017
  4,234
  4,461
  4,699
  4,948
  5,209
  5,482
  5,768
  6,067
  6,381
  6,710
  7,055
  7,417
  7,796
  8,194
  8,612
  9,050
  9,509
Adjusted assets (=assets-cash), $m
  1,713
  2,028
  2,159
  2,295
  2,436
  2,584
  2,737
  2,897
  3,064
  3,239
  3,421
  3,611
  3,809
  4,017
  4,234
  4,461
  4,699
  4,948
  5,209
  5,482
  5,768
  6,067
  6,381
  6,710
  7,055
  7,417
  7,796
  8,194
  8,612
  9,050
  9,509
Revenue / Adjusted assets
  1.187
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
  1.447
Average production assets, $m
  100
  883
  940
  999
  1,061
  1,125
  1,192
  1,262
  1,335
  1,411
  1,490
  1,573
  1,659
  1,750
  1,844
  1,943
  2,047
  2,155
  2,269
  2,388
  2,512
  2,643
  2,779
  2,923
  3,073
  3,231
  3,396
  3,569
  3,751
  3,941
  4,142
Working capital, $m
  504
  -191
  -203
  -216
  -229
  -243
  -257
  -273
  -288
  -305
  -322
  -340
  -358
  -378
  -398
  -420
  -442
  -465
  -490
  -516
  -542
  -571
  -600
  -631
  -664
  -698
  -733
  -771
  -810
  -851
  -894
Total debt, $m
  357
  421
  487
  557
  629
  705
  784
  866
  951
  1,040
  1,133
  1,231
  1,333
  1,439
  1,550
  1,666
  1,788
  1,916
  2,049
  2,189
  2,335
  2,489
  2,649
  2,818
  2,994
  3,180
  3,374
  3,578
  3,791
  4,015
  4,251
Total liabilities, $m
  974
  1,038
  1,105
  1,175
  1,247
  1,323
  1,401
  1,483
  1,569
  1,658
  1,751
  1,849
  1,950
  2,057
  2,168
  2,284
  2,406
  2,533
  2,667
  2,807
  2,953
  3,106
  3,267
  3,436
  3,612
  3,798
  3,992
  4,196
  4,409
  4,633
  4,869
Total equity, $m
  928
  990
  1,053
  1,120
  1,189
  1,261
  1,336
  1,414
  1,495
  1,580
  1,669
  1,762
  1,859
  1,960
  2,066
  2,177
  2,293
  2,415
  2,542
  2,675
  2,815
  2,961
  3,114
  3,275
  3,443
  3,620
  3,805
  3,999
  4,203
  4,416
  4,640
Total liabilities and equity, $m
  1,902
  2,028
  2,158
  2,295
  2,436
  2,584
  2,737
  2,897
  3,064
  3,238
  3,420
  3,611
  3,809
  4,017
  4,234
  4,461
  4,699
  4,948
  5,209
  5,482
  5,768
  6,067
  6,381
  6,711
  7,055
  7,418
  7,797
  8,195
  8,612
  9,049
  9,509
Debt-to-equity ratio
  0.385
  0.420
  0.460
  0.500
  0.530
  0.560
  0.590
  0.610
  0.640
  0.660
  0.680
  0.700
  0.720
  0.730
  0.750
  0.770
  0.780
  0.790
  0.810
  0.820
  0.830
  0.840
  0.850
  0.860
  0.870
  0.880
  0.890
  0.890
  0.900
  0.910
  0.920
Adjusted equity ratio
  0.431
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  118
  132
  156
  182
  209
  237
  267
  298
  330
  364
  400
  494
  533
  575
  618
  664
  713
  763
  817
  873
  932
  994
  1,060
  1,129
  1,201
  1,278
  1,358
  1,443
  1,532
  1,626
  1,725
Depreciation, amort., depletion, $m
  46
  165
  171
  177
  183
  189
  196
  203
  210
  218
  226
  157
  166
  175
  184
  194
  205
  216
  227
  239
  251
  264
  278
  292
  307
  323
  340
  357
  375
  394
  414
Funds from operations, $m
  114
  297
  327
  359
  392
  427
  463
  501
  541
  582
  626
  651
  699
  750
  803
  859
  917
  979
  1,044
  1,112
  1,183
  1,258
  1,338
  1,421
  1,508
  1,601
  1,698
  1,800
  1,907
  2,020
  2,139
Change in working capital, $m
  -24
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -28
  -30
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
Cash from operations, $m
  138
  309
  339
  372
  405
  440
  477
  516
  556
  599
  643
  669
  718
  769
  823
  880
  940
  1,002
  1,068
  1,137
  1,210
  1,287
  1,367
  1,452
  1,541
  1,635
  1,733
  1,837
  1,946
  2,061
  2,182
Maintenance CAPEX, $m
  0
  -83
  -88
  -94
  -100
  -106
  -113
  -119
  -126
  -133
  -141
  -149
  -157
  -166
  -175
  -184
  -194
  -205
  -216
  -227
  -239
  -251
  -264
  -278
  -292
  -307
  -323
  -340
  -357
  -375
  -394
New CAPEX, $m
  -10
  -54
  -57
  -59
  -62
  -64
  -67
  -70
  -73
  -76
  -79
  -83
  -87
  -90
  -95
  -99
  -104
  -108
  -114
  -119
  -125
  -130
  -137
  -143
  -150
  -158
  -165
  -173
  -182
  -191
  -200
Cash from investing activities, $m
  -17
  -137
  -145
  -153
  -162
  -170
  -180
  -189
  -199
  -209
  -220
  -232
  -244
  -256
  -270
  -283
  -298
  -313
  -330
  -346
  -364
  -381
  -401
  -421
  -442
  -465
  -488
  -513
  -539
  -566
  -594
Free cash flow, $m
  121
  172
  194
  218
  244
  270
  298
  327
  357
  389
  423
  437
  474
  513
  554
  597
  642
  689
  739
  792
  847
  905
  966
  1,031
  1,098
  1,170
  1,245
  1,324
  1,408
  1,496
  1,588
Issuance/(repayment) of debt, $m
  10
  64
  67
  70
  72
  75
  79
  82
  86
  89
  93
  97
  102
  106
  111
  116
  122
  127
  133
  140
  146
  153
  161
  169
  177
  185
  194
  204
  214
  224
  235
Issuance/(repurchase) of shares, $m
  -81
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -73
  64
  67
  70
  72
  75
  79
  82
  86
  89
  93
  97
  102
  106
  111
  116
  122
  127
  133
  140
  146
  153
  161
  169
  177
  185
  194
  204
  214
  224
  235
Total cash flow (excl. dividends), $m
  52
  236
  261
  288
  316
  346
  377
  409
  443
  479
  516
  535
  576
  619
  665
  713
  763
  817
  872
  931
  993
  1,058
  1,127
  1,199
  1,275
  1,355
  1,439
  1,528
  1,621
  1,720
  1,823
Retained Cash Flow (-), $m
  -59
  -62
  -64
  -66
  -69
  -72
  -75
  -78
  -82
  -85
  -89
  -93
  -97
  -101
  -106
  -111
  -116
  -121
  -127
  -133
  -140
  -146
  -153
  -161
  -168
  -177
  -185
  -194
  -204
  -214
  -224
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  28
  29
  31
  32
  34
  36
  38
  40
  42
  44
  46
  49
  51
  54
  56
  59
  62
  65
Cash available for distribution, $m
 
  174
  197
  222
  247
  274
  302
  331
  361
  393
  427
  442
  479
  518
  559
  602
  647
  695
  745
  798
  854
  912
  974
  1,038
  1,107
  1,179
  1,254
  1,334
  1,418
  1,506
  1,599
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  167
  181
  193
  203
  212
  219
  223
  226
  226
  224
  210
  204
  197
  188
  177
  165
  151
  137
  123
  108
  94
  81
  68
  56
  46
  37
  29
  22
  16
  12
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Tetra Tech, Inc. is a provider of consulting, engineering, program management, construction management, and technical services. The Company's segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services. The RME segment provides consulting and engineering services across the world for a range of resource management and energy needs. The Company includes wind-down of its non-core construction activities in the RCM segment. Its solutions span the entire life cycle of consulting and engineering projects and include applied science, research and technology, engineering, design, construction management, operations and maintenance, and information technology. It provides its services to a diverse base of international, the United States commercial, the United Sates federal clients.

FINANCIAL RATIOS  of  Tetra Tech (TTEK)

Valuation Ratios
P/E Ratio 28
Price to Sales 1.6
Price to Book 3.6
Price to Tangible Book
Price to Cash Flow 23.9
Price to Free Cash Flow 25.8
Growth Rates
Sales Growth Rate 5.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -16.7%
Cap. Spend. - 3 Yr. Gr. Rate -12%
Financial Strength
Quick Ratio 12
Current Ratio 0
LT Debt to Equity 36.7%
Total Debt to Equity 38.5%
Interest Coverage 15
Management Effectiveness
Return On Assets 6.8%
Ret/ On Assets - 3 Yr. Avg. 5%
Return On Total Capital 9.4%
Ret/ On T. Cap. - 3 Yr. Avg. 6.8%
Return On Equity 13.1%
Return On Equity - 3 Yr. Avg. 9%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 17.4%
Gross Margin - 3 Yr. Avg. 17.6%
EBITDA Margin 11.3%
EBITDA Margin - 3 Yr. Avg. 9.5%
Operating Margin 9%
Oper. Margin - 3 Yr. Avg. 7.1%
Pre-Tax Margin 8.5%
Pre-Tax Margin - 3 Yr. Avg. 6.5%
Net Profit Margin 5.8%
Net Profit Margin - 3 Yr. Avg. 4.1%
Effective Tax Rate 31.4%
Eff/ Tax Rate - 3 Yr. Avg. 38.3%
Payout Ratio 18.6%

TTEK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TTEK stock intrinsic value calculation we used $2753 million for the last fiscal year's total revenue generated by Tetra Tech. The default revenue input number comes from 2017 income statement of Tetra Tech. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TTEK stock valuation model: a) initial revenue growth rate of 6.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for TTEK is calculated based on our internal credit rating of Tetra Tech, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Tetra Tech.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TTEK stock the variable cost ratio is equal to 77.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $447 million in the base year in the intrinsic value calculation for TTEK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Tetra Tech.

Corporate tax rate of 27% is the nominal tax rate for Tetra Tech. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TTEK stock is equal to 0.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TTEK are equal to 30.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Tetra Tech operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TTEK is equal to -6.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $928 million for Tetra Tech - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 57 million for Tetra Tech is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Tetra Tech at the current share price and the inputted number of shares is $3.4 billion.

RELATED COMPANIES Price Int.Val. Rating
JEC Jacobs Enginee 65.45 41.02  sell
ACM AECOM 32.09 105.28  str.buy
WLDN Willdan Group 30.59 89.19  str.buy
ICFI ICF Internatio 73.25 68.42  hold

COMPANY NEWS

▶ [$$] The Add-On Deal Roundup: July 2   [Jul-02-18 06:45PM  The Wall Street Journal]
▶ Navy to test soil for radiation where housing was built at San Francisco Shipyard   [Jun-15-18 04:56PM  American City Business Journals]
▶ Is Tetra Tech Inc (NASDAQ:TTEK) Undervalued?   [May-11-18 08:35AM  Simply Wall St.]
▶ Tetra: Fiscal 2Q Earnings Snapshot   [May-02-18 05:23PM  Associated Press]
▶ Trumps halfhearted infrastructure plan   [Feb-12-18 11:04AM  Yahoo Finance Video]
▶ Tetra tops Street 1Q forecasts   [Jan-31-18 06:13PM  Associated Press]
▶ ETFs with exposure to Tetra Tech, Inc. : December 8, 2017   [Dec-08-17 01:34PM  Capital Cube]
▶ Tetra Tech Reports Fourth Quarter and Fiscal 2017 Results   [Nov-08-17 04:30PM  Business Wire]
▶ ETFs with exposure to Tetra Tech, Inc. : November 1, 2017   [Nov-01-17 12:50PM  Capital Cube]
▶ New Strong Sell Stocks for September 7th   [Sep-07-17 10:02AM  Zacks]
▶ New Strong Sell Stocks for August 30th   [Aug-30-17 08:17AM  Zacks]
▶ This Is Why Trump's Speech in Arizona Was Over the Top   [Aug-23-17 03:30PM  TheStreet.com]
▶ Tetra misses Street 3Q forecasts   [05:06AM  Associated Press]
▶ Tetra Tech Reports Third Quarter 2017 Results   [Aug-02-17 04:30PM  Business Wire]
▶ Tetra Tech wins $150 million U.S. Army Corps of Engineers contract   [Jul-19-17 05:20PM  American City Business Journals]
Financial statements of TTEK
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.