Builders Firstsource, Inc.

Consumer Discretionary
RETAIL: Building Materials
www.bldr.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $15.60B
PE 14
Debt $3.74B
Cash $153.62M
EV $19.19B
FCF $1.49B

Earnings

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Sales & Net Margins

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Earnings	$1.08B
EBIT	$1.60B
ROE	25%
ROA	15%
FCF	$1.49B
Equity	$4.30B
Growth Stability	54%
PE	14.47
PEG	0.29
PB	3.63
P/FCF	10.45
P/S	0.95
Price/Cash	0.01
Debt/Equity	0.87
Debt/FCF	2.51
Net Margins	7%
Gross Margins	33%
Op. Margins	10%
Earnings CAGR	57%
Sales Growth YoY	-8%
Sales Growth QoQ	-10%
Sales CAGR	19%
FCF CAGR	50%
Equity CAGR	61%
Earnings Stability	0.76
Earnings Growth YoY	-46%
Earnings Growth QoQ	-33%

Earnings CAGR 5Y	49%
Sales CAGR 5Y	19%
FCF CAGR 5Y	58%
Equity CAGR 5Y	33%
Earnings CAGR 3Y	-13%
Sales CAGR 3Y	-13%
FCF CAGR 3Y	-22%
Equity CAGR 3Y	-6%
Market Cap	$15.60B
Revenue	$16.40B
Assets	$10.58B
Total Debt	$3.74B
Cash	$153.62M
Shares Outstanding	113.58M
EV	19.19B
Earnings Score	94%
Moat Score	92%
Safety Score	71%
Final Score	85%
Working Capital	1.36B
Current Ratio	1.77
Gross Profit	$5.38B
Shares Growth 3y	-14%
Equity Growth QoQ	-3%
Equity Growth YoY	-9%

Assets & ROA

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Stockholders Equity & ROE

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Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The products can be designed for each home individually and are installed by Builders FirstSource. The company's construction-related services include professional installation, turn-key framing and shell construction. Builders FirstSource's customers range from large production builders to small custom homebuilders.

SEC Filings

Direct access to Builders Firstsource, Inc. (BLDR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Builders Firstsource, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Builders Firstsource, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 57%

Stability 76%

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Builders Firstsource, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Builders Firstsource, Inc..

Years

Calculation mode

= $437B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.5B	$2.2B	$3.3B	$5B	$7.5B	$11B	$17B	$25B	$37B	$56B	$83B	$832B
DCF		$2B	$2.8B	$3.7B	$5.1B	$6.9B	$9.4B	$13B	$17B	$24B	$32B	$321B
Value	$437B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-1%	2%	1%	3%	3%	4%	9%	12%	9%	7%	7%
ROA	-	8%	9%	13%	12%	13%	22%	36%	21%	15%	15%
ROE	-	47%	10%	34%	27%	27%	36%	55%	33%	25%	25%

Bad Net Margins (6.57%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	13.72	15.37	8.78	3.36	11.28	1.95	0.93	1.76	2.51	2.51
Debt over Equity	11.45	5.12	4.74	2.67	1.59	1.45	0.62	0.61	0.68	0.87	0.87
Growth Stability	-	-	-	100%	100%	100%	100%	100%	97%	54%	54%

Neutral Debt/FCF ratio (2.51)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.87)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (54%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	79%	10%	10%	-6%	18%	132%	14%	-25%	-4%	19%
Earnings YoY growth	-	-732%	-73%	429%	8%	41%	450%	59%	-44%	-30%	49%
Equity YoY growth	-	108%	22%	59%	38%	40%	317%	3%	-5%	-9%	33%
FCF YoY growth	-	-13%	0%	56%	116%	-62%	924%	115%	-44%	-18%	58%