TTEK - Parsons IPO: Undervalued And Working For The United States Intelligence Community
Parsons Corporation (PSN) is acquiring other businesses, which is helping the company grow its FCF. Additionally, Parsons reported 2018 FCF of $255 million, and competitors are trading at 21.1x - 42.4x FCF. It means that Parsons should not trade at the expected enterprise value of $1.414 billion. If the company can reduce its debt, it is likely that the total valuation will increase. With this in mind, after the IPO, Parson may present a good buying opportunity.
Source: Prospectus
Source: Prospectus
Business
Founded 75 years ago, Parsons Corporation offers technology-driven solutions to clients