IES Holdings IESC
United StatesIndustrials · Engineering & ConstructionUSD
440.00 USD (+42.5%)
1 analysts
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IES Holdings is a US engineering and construction company that designs and installs electrical, data, and infrastructure systems for commercial, industrial, and residential buildings across the United States.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Very solid balance sheet8.1
- ✓High-quality business7.8
- ✕Little or no dividend1.5
- ✕Unfavourable risk and backdrop2.8
AI analysis
bottom line, main risk, context and newsBusiness quality is outstanding, but the demanding valuation and unsustainable growth in a rising-rate environment limit near-term upside.
IES Holdings shows solid financial health with net cash (Net Debt/EBITDA of -0.56) and exceptional profitability (ROE of 44.52%, ROIC of 43.83%), but its valuation is demanding (P/E of 27.43) and the 98.7% earnings growth reflects a likely cyclical peak in construction, with a risk of slowdown if long-term rates keep rising.
The main risk is growth sustainability: earnings grew 98.7% in a cyclical sector, and a slowdown in construction demand due to rising US long-term rates could compress the 14.36% operating margin and the valuation (P/E of 27.43).
Context and risks
IES Holdings operates in the construction and engineering sector in the US, a domestic market with no direct exposure to conflicted shipping routes or dollar-denominated commodities. The rise in long-term US rates could make construction project financing more expensive, but the company holds net cash, insulating it from credit tightening. No specific regulatory, geopolitical, or business model risks justify an adjustment.
Is IES Holdings stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 29% above the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 27.4 | 25.4 | +8% |
| EV / EBITDA | 21.8 | 14.5 | +50% |
| Price / book | 10.0 | 4.1 | +147% |
| Price / sales | 3.1 | 2.1 | +50% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 440.00 USD, +42.5% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.8 (sector 5.8), Growth 7.2 (sector 6.6).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 27.4
- EV / EBITDA
- 21.8
- Price / book
- 10.0
- Price / sales
- 3.1
- PEG
- 0.78
- Market cap
- 12.3B USD
- Enterprise value
- 12.0B USD
Profitability
- ROE
- 44.5%
- ROA
- 16.5%
- ROIC (approx.)
- 43.8%
- Gross margin
- 26.3%
- Operating margin
- 14.4%
- Net margin
- 11.4%
- Free cash flow
- 329.4M USD
- FCF yield
- 2.7%
- Cash conversion
- 60%
Solvency
- Total debt
- 76.9M USD
- Net debt
- −310.9M USD
- Cash
- 387.9M USD
- EBITDA
- 551.4M USD
- Net debt / EBITDA
- −0.56
- Debt / equity
- 6.23
- Current ratio
- 1.63
- Quick ratio
- 1.46
Growth
- Revenue growth
- +39.6%
- Earnings growth
- +98.7%
- EPS (TTM)
- 11.26 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.77
- Analyst consensus
- none (1)
- Target price
- 440.00 USD
- 52-week range
- 170.06 – 408.25
Recent news
All IESC news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about IES Holdings
Is IES Holdings stock cheap or expensive?
On P/E and EV / EBITDA, it trades 29% above the Industrials median on average. Valuation score: 4.0 out of 10 (median for Industrials: 5.0). Average analyst target: 440.00 USD, +42.5% versus the price. This is not investment advice.
What score does IES Holdings get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,168 of 2,130 (better than 43% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is IES Holdings's P/E ratio?
Its P/E is 27.4: the share price equals 27.4 times earnings per share over the last 12 months. The Industrials median is 25.4.
How much is IES Holdings worth on the stock market?
Its market capitalisation is 12.3B USD and its enterprise value, debt included, is 12.0B USD.
How much debt does IES Holdings have?
It has more cash than debt: net cash of 310.9M USD.
Does IES Holdings pay a dividend?
It pays no dividend, or almost none.
How has IES Holdings stock performed over the last year?
It has risen 70.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 170.06 and 408.25 USD. Past performance does not guarantee future results.
What do analysts think of IES Holdings?
1 analysts cover it; their average recommendation is “none” and their average target is 440.00 USD (+42.5% versus the price). It is an estimate, not market data.