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Fluor Stock’s Meteoric Rise: Valuation Multiples Outpace Fundamentals
Fluor Stock’s Meteoric Rise: Valuation Multiples Outpace Fundamentals
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BTCCSquare news:
Fluor Corporation (FLR) has delivered staggering returns for investors, with shares surging 365% over the past five years—a 36% compound annual growth rate that dwarfs the broader market. Yet beneath this explosive price action lies a more nuanced story of multiple expansion rather than operational transformation.
The engineering firm's revenue grew just 6.6% since 2020, with gross profits up 36%. The real driver? A 480% expansion in its price-to-sales ratio, catapulting from 0.07 to 0.47. Last year's swing to profitability—achieving 25% margins after years NEAR breakeven—ignited this valuation rerating.
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