American Eco is a leading provider of single source construction, project management, maintenance, demolition, dismantlement and environmental remediation services in the refining, petrochemical, government, commercial, manufacturing and utility industries.
americaneco.com
Stock Price 7 5/16 (April 17, 1997)
P/E 8.5
14.4 million shares
12 month trailing earnings 86 cents
Average earnings growth of American Eco last 5 years -- 87%
PEG of American Eco on estimated 48% growth in 1997 = .18
Average earnings growth of the industry ~ 11%
Average P/E of the industry ~ 18
PEG of industry = 1.3
Given estimates of $1.20 for 1997 (48% growth) :
Fair value based on achieving average P/E of the industry
$1.20 * 18 = $21.60 / share
Fair value based on achieving average PEG of the industry
$1.20*48*1.3 = $74.88 / share
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