ROAD - Construction Partners To Profit From Biden's Plan
- Construction Partners builds roads, bridges, airports, and commercial and residential developments in Alabama, Florida, Georgia, North Carolina, and South Carolina.
- The company will receive a significant amount of funds in the coming years due to Biden’s infrastructure plan.
- ROAD has done extensive work for the public sector. For the six months ended March 31, 2021, sales from the public sector represented 58% of the company’s total revenue.
- I expect the share price to increase from its current mark.
- With a terminal FCF close to $100 million, a WACC of 8% and a long-term growth rate of 4.5%, I obtained a terminal value of $2.88 billion. I believe that the company’s share price will most likely trade somewhere in the upward part of $32-$44.
For further details see:
Construction Partners To Profit From Biden's Plan