Financials Griffon Corporation

Equities

GFF

US3984331021

Construction Supplies & Fixtures

Market Closed - Nyse 21:00:02 26/04/2024 BST 5-day change 1st Jan Change
68.27 USD +1.28% Intraday chart for Griffon Corporation +3.49% +12.01%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 929.4 1,097 1,394 1,630 2,166 3,376 - -
Enterprise Value (EV) 1 1,961 1,926 2,191 3,083 3,533 4,724 4,610 4,278
P/E ratio 24.1 x 16.4 x 16.6 x -7.96 x 27.9 x 16.8 x 12.6 x 10.5 x
Yield 1.38% 1.54% 1.3% 1.22% - 0.88% 0.88% -
Capitalization / Revenue 0.42 x 0.46 x 0.61 x 0.57 x 0.81 x 1.29 x 1.25 x 1.2 x
EV / Revenue 0.89 x 0.8 x 0.97 x 1.08 x 1.32 x 1.81 x 1.71 x 1.52 x
EV / EBITDA 10 x 8.21 x 8.85 x 6.73 x 6.99 x 9.84 x 8.54 x 7.17 x
EV / FCF 28.6 x 21.9 x 64.3 x 184 x 9.6 x 19.3 x 15.6 x 13 x
FCF Yield 3.5% 4.57% 1.56% 0.54% 10.4% 5.17% 6.42% 7.7%
Price to Book 1.88 x 1.26 x 1.63 x 3.19 x 6.87 x 10.7 x 7.34 x 5.71 x
Nbr of stocks (in thousands) 44,322 56,130 56,684 55,201 54,604 49,446 - -
Reference price 2 20.97 19.54 24.60 29.52 39.67 68.27 68.27 68.27
Announcement Date 13/11/19 12/11/20 16/11/21 17/11/22 15/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,209 2,408 2,271 2,848 2,685 2,615 2,692 2,810
EBITDA 1 195.5 234.5 247.6 458.2 505.3 480 540 596.5
EBIT 1 133.6 172 170.6 -189.1 196.9 389.7 474.8 521
Operating Margin 6.05% 7.15% 7.51% -6.64% 7.33% 14.9% 17.64% 18.54%
Earnings before Tax (EBT) 1 72.18 82.76 111.2 -270.9 112.7 292.4 376 453
Net income 1 37.29 53.43 79.21 -191.6 77.62 206.9 270.1 326
Net margin 1.69% 2.22% 3.49% -6.72% 2.89% 7.91% 10.04% 11.6%
EPS 2 0.8700 1.190 1.480 -3.710 1.420 4.065 5.423 6.495
Free Cash Flow 1 68.6 88.03 34.08 16.75 368.2 244.4 295.8 329.5
FCF margin 3.1% 3.66% 1.5% 0.59% 13.71% 9.34% 10.99% 11.73%
FCF Conversion (EBITDA) 35.09% 37.55% 13.76% 3.66% 72.86% 50.91% 54.79% 55.24%
FCF Conversion (Net income) 183.97% 164.76% 43.03% - 474.33% 118.09% 109.52% 101.07%
Dividend per Share 2 0.2900 0.3000 0.3200 0.3600 - 0.6000 0.6000 -
Announcement Date 13/11/19 12/11/20 16/11/21 17/11/22 15/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 570.2 591.7 779.6 768.2 708.9 649.4 711 683.4 641.4 643.2 626 689.1 656.5 660.2 649.6
EBITDA 1 53.42 59.55 139.6 134.8 124.8 108.6 136.9 138.6 121.3 116.4 99.56 132.9 131.1 125.6 116
EBIT 1 32.4 38.49 102.8 103.2 -433.6 81.1 -65.81 102.2 79.41 83.84 79.74 113 111.4 110.8 99.15
Operating Margin 5.68% 6.5% 13.19% 13.44% -61.16% 12.49% -9.26% 14.95% 12.38% 13.04% 12.74% 16.4% 16.97% 16.78% 15.26%
Earnings before Tax (EBT) 1 17.64 24.22 83.1 76.05 -453.6 68.02 -90.16 78.45 56.37 60.14 54.76 88.08 86.66 83.92 73.88
Net income 1 15.89 19.3 65.69 140.3 -416.8 48.7 -62.26 49.2 41.96 42.18 39.02 62.86 61.9 60.02 53.02
Net margin 2.79% 3.26% 8.43% 18.26% -58.8% 7.5% -8.76% 7.2% 6.54% 6.56% 6.23% 9.12% 9.43% 9.09% 8.16%
EPS 2 0.3000 0.3600 1.230 2.600 -8.000 0.8800 -1.170 0.9000 0.7900 0.8200 0.7640 1.244 1.232 1.222 1.040
Dividend per Share 0.0800 0.0900 0.0900 0.0900 0.0900 0.1000 0.1000 2.125 - 0.1500 - - - - -
Announcement Date 16/11/21 01/02/22 28/04/22 28/07/22 17/11/22 31/01/23 03/05/23 02/08/23 15/11/23 07/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,032 829 797 1,453 1,367 1,348 1,235 902
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.279 x 3.535 x 3.218 x 3.172 x 2.704 x 2.808 x 2.286 x 1.512 x
Free Cash Flow 1 68.6 88 34.1 16.8 368 244 296 330
ROE (net income / shareholders' equity) 7.83% 12.4% 13.2% 34.2% 62.5% 72.9% 71.4% -
ROA (Net income/ Total Assets) 1.79% 3.22% 3.93% 8.11% 2.97% 9.3% 11% -
Assets 1 2,080 1,657 2,017 -2,362 2,618 2,225 2,456 -
Book Value Per Share 2 11.10 15.60 15.10 9.240 5.770 6.390 9.300 12.00
Cash Flow per Share - - 1.330 1.150 7.910 - - -
Capex 1 45.4 49 37 42.5 63.6 69 54.2 50
Capex / Sales 2.05% 2.04% 1.63% 1.49% 2.37% 2.64% 2.01% 1.78%
Announcement Date 13/11/19 12/11/20 16/11/21 17/11/22 15/11/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
68.27 USD
Average target price
82.95 USD
Spread / Average Target
+21.50%
Consensus
  1. Stock Market
  2. Equities
  3. GFF Stock
  4. Financials Griffon Corporation