Installed Building Products, Inc.

Consumer Discretionary
Homebuilding
www.installedbuildingproducts.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.59B
PE 18
Debt $907.20M
Cash $327.60M
EV $5.17B
FCF $251.40M

Earnings

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Sales & Net Margins

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Earnings	$256.60M
EBIT	$382.50M
ROE	36%
ROA	19%
FCF	$251.40M
Equity	$705.30M
Growth Stability	100%
PE	17.88
PEG	2
PB	6.5
P/FCF	18.25
P/S	1.56
Price/Cash	0.07
Debt/Equity	1.29
Debt/FCF	3.61
Net Margins	9%
Gross Margins	34%
Op. Margins	13%
Earnings CAGR	12%
Sales Growth YoY	8%
Sales Growth QoQ	-1%
Sales CAGR	4%
FCF CAGR	12%
Equity CAGR	19%
Earnings Stability	0.22
Earnings Growth YoY	20%
Earnings Growth QoQ	-2%
Earnings CAGR 5Y	9%

Sales CAGR 5Y	0%
FCF CAGR 5Y	4%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	9%
Sales CAGR 3Y	9%
FCF CAGR 3Y	-4%
Equity CAGR 3Y	22%
Market Cap	$4.59B
Revenue	$2.94B
Dividend Yield	2%
Payout Ratio	33%
Assets	$2.06B
Total Debt	$907.20M
Cash	$327.60M
Shares Outstanding	27.76M
EV	5.17B
Earnings Score	11%
Moat Score	94%
Safety Score	87%
Final Score	64%
Working Capital	695.9M
Current Ratio	2.94
Gross Profit	$994.50M
Shares Growth 3y	-1%
Equity Growth QoQ	-2%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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Installed Building Products Inc is an insulation installer serving the residential new construction market. The company operates primarily in the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. In addition to insulations, the company offers installation services for garage doors, rain gutters, closet shelving, shower doors, mirrors, waterproofing, fire-stopping, fireproofing, window blinds, and other products.

SEC Filings

Direct access to Installed Building Products, Inc. (IBP) 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 Installed Building Products, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 12%

Stability 22%

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Installed Building Products, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Installed Building Products, Inc..

Years

Calculation mode

= $5.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$251M	$282M	$315M	$353M	$396M	$443M	$496M	$556M	$623M	$698M	$781M	$7.8B
DCF		$256M	$261M	$265M	$270M	$275M	$280M	$285M	$291M	$296M	$301M	$3B
Value	$5.8B

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	08/2023	05/2024	12/2024	TTM
Net Margins	4%	4%	4%	4%	5%	6%	-	-	9%	9%
ROA	-	14%	10%	11%	11%	14%	-	-	19%	19%
ROE	-	25%	20%	30%	27%	30%	-	-	36%	36%

Net Margins (8.72%)

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.

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	08/2023	05/2024	12/2024	TTM
Debt over FCF	-	3.65	9.82	7.78	8.14	4	-	-	3.61	3.61
Debt over Equity	1.17	1.1	1.73	2.62	2.37	1.84	-	-	1.29	1.29
Growth Stability	-	-	-	100%	100%	100%	-	-	100%	100%

Neutral Debt/FCF ratio (3.61)

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.

Neutral Debt/Equity ratio (1.29)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good 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	08/2023	05/2024	12/2024	CAGR 5Y
Revenue YoY growth	-	30%	31%	18%	13%	9%	-	-	-	0%
Earnings YoY growth	-	45%	7%	33%	24%	43%	-	-	-	9%
Equity YoY growth	-	34%	37%	-13%	37%	28%	-	-	-	21%
FCF YoY growth	-	539%	-20%	65%	19%	102%	-	-	-	4%