Thursday, January 25, 2007

Beltway Bet: MTC Technologies

WASHINGTON, D.C. - Most of the companies on our 2007 Fast Tech list probably wouldn't tempt a value-minded contrarian. One of the few exceptions is MTC Technologies, a government technology contractor.
Pick your metric. MTC Technologies is now valued under its $402 million in trailing-12-month sales. Its price-to-earnings ratio, based on consensus forecasts for the coming 12 months, is 17, versus an average of 34 for the Fast Tech 25. Among 20 publicly held companies that specialize in providing tech services to the government, the average price-to-book ratio is 3.3. MTC's book value multiple? 1.9.