Analyzing TIC Solutions (TIC) & Its Peers

TIC Solutions (NYSE:TIC) is one of 203 public companies in the “Professional Services” industry, but how does it contrast to its rivals? We will compare TIC Solutions to related companies based on the strength of its profitability, dividends, institutional ownership, analyst recommendations, risk, valuation and earnings.

Analyst Ratings

This is a summary of recent recommendations and price targets for TIC Solutions and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TIC Solutions	1	3	3	0	2.29
TIC Solutions Competitors	1512	6316	9087	421	2.49

TIC Solutions currently has a consensus target price of $12.00, indicating a potential upside of 33.26%. As a group, “Professional Services” companies have a potential upside of 40.77%. Given TIC Solutions’ rivals stronger consensus rating and higher probable upside, analysts clearly believe TIC Solutions has less favorable growth aspects than its rivals.

Risk and Volatility

TIC Solutions has a beta of 2.96, indicating that its share price is 196% more volatile than the S&P 500. Comparatively, TIC Solutions’ rivals have a beta of 0.95, indicating that their average share price is 5% less volatile than the S&P 500.

Institutional & Insider Ownership

57.4% of shares of all “Professional Services” companies are owned by institutional investors. 11.4% of TIC Solutions shares are owned by insiders. Comparatively, 17.1% of shares of all “Professional Services” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Earnings and Valuation

This table compares TIC Solutions and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
TIC Solutions	$2.05 billion	-$87.12 million	-15.53
TIC Solutions Competitors	$3.35 billion	$230.11 million	28.77

TIC Solutions’ rivals have higher revenue and earnings than TIC Solutions. TIC Solutions is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares TIC Solutions and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
TIC Solutions	-5.64%	-2.30%	-1.11%
TIC Solutions Competitors	-0.49%	20.33%	4.32%

Summary

TIC Solutions rivals beat TIC Solutions on 12 of the 13 factors compared.

About TIC Solutions

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, avoid accidents, and comply with regulatory requirements without destroying the asset or component. The company also provides market rope access technician solutions, including inspection and testing, as well as insulation, coatings and blasting, welding, pipe fitting, hoisting and rigging, and electrical services. In addition, its TIC service includes support from consulting engineers with in-lab destructive testing capabilities. The company provides support failure investigation, material selection, corrosion engineering, welding engineering, fracture mechanics, destructive testing, and chemical analysis. It serves a range of industrial markets, primarily chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper. The company was founded in 1991 and is headquartered in Tomball, Texas.