PATRICK INDUSTRIES, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 111.1 USD | +0.72% |
|
+5.35% | +10.74% |
| 05-02 | Patrick Industries Shares Rise After Q1 Adjusted Earnings, Revenue Increase | MT |
| 05-02 | Transcript : Patrick Industries, Inc., Q1 2024 Earnings Call, May 02, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,246 | 1,597 | 1,909 | 1,373 | 2,221 | 2,472 | - |
| Enterprise Value (EV) 1 | 1,782 | 2,371 | 1,909 | 2,634 | 3,236 | 2,472 | 2,472 |
| P/E ratio | 13.6 x | 16.3 x | 8.38 x | 4.49 x | 15.4 x | 13.8 x | 11.4 x |
| Yield | 0.48% | 1.51% | 1.45% | 2.38% | 1.89% | 1.67% | 1.73% |
| Capitalization / Revenue | 0.53 x | 0.64 x | 0.47 x | 0.28 x | 0.64 x | 0.64 x | 0.6 x |
| EV / Revenue | 0.53 x | 0.64 x | 0.47 x | 0.28 x | 0.64 x | 0.64 x | 0.6 x |
| EV / EBITDA | 5.74 x | 6.36 x | 4.18 x | 2.14 x | 5.23 x | 5.02 x | 4.56 x |
| EV / FCF | 7.56 x | 12.5 x | 10.2 x | 4.14 x | 6.35 x | 8.61 x | 8.33 x |
| FCF Yield | 13.2% | 8.02% | 9.81% | 24.2% | 15.7% | 11.6% | 12% |
| Price to Book | 2.45 x | 2.85 x | 2.47 x | 1.41 x | 2.13 x | - | - |
| Nbr of stocks (in thousands) | 23,764 | 23,363 | 23,656 | 22,664 | 22,134 | 22,401 | - |
| Reference price 2 | 52.43 | 68.35 | 80.69 | 60.60 | 100.4 | 110.3 | 110.3 |
| Announcement Date | 13/02/20 | 11/02/21 | 10/02/22 | 09/02/23 | 08/02/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,337 | 2,487 | 4,078 | 4,882 | 3,468 | 3,857 | 4,117 |
| EBITDA 1 | 217.2 | 251.1 | 456.5 | 643.1 | 424.8 | 492.3 | 542.5 |
| EBIT 1 | 154.4 | 177.9 | 351.7 | 496.2 | 260.2 | 320 | 368.6 |
| Operating Margin | 6.61% | 7.15% | 8.62% | 10.16% | 7.5% | 8.3% | 8.95% |
| Earnings before Tax (EBT) 1 | 117.8 | 130.4 | 293.8 | 435.4 | 191.3 | 228 | 282.6 |
| Net income 1 | 89.57 | 97.06 | 224.9 | 328.2 | 142.9 | 174.8 | 205 |
| Net margin | 3.83% | 3.9% | 5.52% | 6.72% | 4.12% | 4.53% | 4.98% |
| EPS 2 | 3.850 | 4.200 | 9.630 | 13.49 | 6.500 | 7.986 | 9.653 |
| Free Cash Flow 1 | 164.7 | 128.1 | 187.3 | 331.9 | 349.7 | 287 | 296.6 |
| FCF margin | 7.05% | 5.15% | 4.59% | 6.8% | 10.08% | 7.44% | 7.21% |
| FCF Conversion (EBITDA) | 75.84% | 50.99% | 41.03% | 51.6% | 82.33% | 58.3% | 54.68% |
| FCF Conversion (Net income) | 183.94% | 131.93% | 83.29% | 101.11% | 244.71% | 164.22% | 144.7% |
| Dividend per Share 2 | 0.2500 | 1.030 | 1.170 | 1.440 | 1.900 | 1.843 | 1.910 |
| Announcement Date | 13/02/20 | 11/02/21 | 10/02/22 | 09/02/23 | 08/02/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,060 | 1,147 | 1,342 | 1,476 | 1,112 | 951.9 | 900.1 | 920.7 | 866.1 | 781.2 | 933.5 | 981.8 | 1,024 | 933.1 | 964.2 |
| EBITDA 1 | 120.9 | 123.2 | 192 | 206.8 | 126 | 108.4 | 96.96 | 114.4 | 107.6 | 99.98 | 110.9 | 126 | 136.2 | 122.6 | 116.7 |
| EBIT 1 | 93.27 | 94.69 | 161.8 | 174 | 92.76 | 67.63 | 56.23 | 75.58 | 71.08 | 57.32 | 59.34 | 85.18 | 93.34 | 80.29 | 81.7 |
| Operating Margin | 8.8% | 8.25% | 12.05% | 11.79% | 8.34% | 7.1% | 6.25% | 8.21% | 8.21% | 7.34% | 6.36% | 8.68% | 9.12% | 8.6% | 8.47% |
| Earnings before Tax (EBT) 1 | 77.84 | 78 | 146.9 | 159.2 | 77.46 | 51.86 | 37.75 | 57.32 | 54.2 | 42 | 39.25 | 59.3 | 70.2 | 57.83 | 51.8 |
| Net income 1 | 57.4 | 61.02 | 112.7 | 116.5 | 58.82 | 40.18 | 30.17 | 42.36 | 39.55 | 30.82 | 35.09 | 47.03 | 52.59 | 43.59 | 39.01 |
| Net margin | 5.41% | 5.32% | 8.39% | 7.9% | 5.29% | 4.22% | 3.35% | 4.6% | 4.57% | 3.94% | 3.76% | 4.79% | 5.14% | 4.67% | 4.05% |
| EPS 2 | 2.450 | 2.620 | 4.540 | 4.790 | 2.430 | 1.680 | 1.350 | 1.940 | 1.810 | 1.410 | 1.590 | 2.041 | 2.334 | 1.988 | 1.719 |
| Dividend per Share 2 | 0.2800 | 0.3300 | 0.3300 | 0.3300 | 0.3300 | 0.4500 | - | 0.4507 | - | 0.5500 | 0.5000 | 0.5500 | 0.5500 | 0.6000 | - |
| Announcement Date | 28/10/21 | 10/02/22 | 28/04/22 | 28/07/22 | 27/10/22 | 09/02/23 | 27/04/23 | 27/07/23 | 26/10/23 | 08/02/24 | 02/05/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | 536 | 774 | - | 1,261 | 1,014 | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.467 x | 3.081 x | - | 1.96 x | 2.388 x | - | - |
| Free Cash Flow 1 | 165 | 128 | 187 | 332 | 350 | 287 | 297 |
| ROE (net income / shareholders' equity) | 19.8% | 18.4% | 33.9% | 38.1% | 14.3% | 15.5% | - |
| ROA (Net income/ Total Assets) | 6.63% | 6.02% | 10.2% | 12.1% | 5.35% | - | - |
| Assets 1 | 1,351 | 1,612 | 2,202 | 2,717 | 2,672 | - | - |
| Book Value Per Share | 21.40 | 23.90 | 32.70 | 43.00 | 47.20 | - | - |
| Cash Flow per Share 2 | 8.270 | - | - | 16.80 | 18.60 | 12.00 | 17.80 |
| Capex 1 | 27.7 | 32.1 | 64.8 | 79.9 | 59 | 73.2 | 71.5 |
| Capex / Sales | 1.18% | 1.29% | 1.59% | 1.64% | 1.7% | 1.9% | 1.74% |
| Announcement Date | 13/02/20 | 11/02/21 | 10/02/22 | 09/02/23 | 08/02/24 | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
110.3
USD
Average target price
115.8
USD
Spread / Average Target
+4.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.74% | 2.47B | |
| +17.93% | 15B | |
| +19.46% | 1.11B | |
| +22.43% | 836M | |
| +1.52% | 411M | |
| +9.76% | 369M | |
| +7.24% | 236M | |
| +14.62% | 191M | |
| +11.81% | 170M | |
| -0.95% | 168M |
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- Financials Patrick Industries, Inc.
