Masterbrand, Inc.

Consumer Discretionary
Home Furnishings
www.masterbrandcabinets.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.11B
PE 14
Debt $1.08B
Cash $109.40M
EV $3.07B
FCF $175.50M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$148.00M
EBIT	$259.20M
ROE	11%
ROA	9%
FCF	$175.50M
Equity	$1.29B
Growth Stability	1
PE	14.23
PEG	2.28
PB	1.64
P/FCF	12
P/S	0.78
Price/Cash	0.05
Debt/Equity	0.83
Debt/FCF	6.13
Net Margins	6%
Gross Margins	33%
Op. Margins	10%
Earnings CAGR	6%
Sales Growth YoY	6%
Sales Growth QoQ	6%
Sales CAGR	-10%
FCF CAGR	-2%
Equity CAGR	-27%
Earnings Stability	-0.88
Earnings Growth YoY	-51%
Earnings Growth QoQ	-36%

Earnings CAGR 5Y	6%
Sales CAGR 5Y	-10%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	-27%
Earnings CAGR 3Y	-10%
Sales CAGR 3Y	-10%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	-27%
Market Cap	$2.11B
Revenue	$2.71B
Assets	$2.96B
Total Debt	$1.08B
Cash	$109.40M
Shares Outstanding	127M
EV	3.07B
Earnings Score	6%
Moat Score	87%
Safety Score	82%
Final Score	58%
Working Capital	308.5M
Current Ratio	1.82
Gross Profit	$896.80M
Shares Growth 3y	-0%
Equity Growth QoQ	2%
Equity Growth YoY	11%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

MasterBrand, Inc. manufactures and sells residential cabinetry products for the kitchen, bathroom, and other parts of the home in North America. The company offers a range of cabinetry products under the Aristokraft, Decora, Diamond, Fieldstone Cabinetry, Homecrest, Kemper, KitchenCraft Cabinetry, Mantra, MC mid continent Cabinetry, Omega Cabinetry, Schrock, Starmark Cabinetry, Ultracraft, and Urban Effect Cabinetry brands. It sells its products to remodeling and new construction markets through dealers, retailers, and builders. The company was formerly known as United Cabinet Incorporated. MasterBrand, Inc. was founded in 1954 and is headquartered in Jasper, Indiana.

SEC Filings

Direct access to Masterbrand, Inc. (MBC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 24
- 10-Q Jun 25
- 10-Q Mar 26
2022
- 10-K Dec 25

Sector Comparison

How does Masterbrand, Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

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

CAGR 6%

Stability -88%

loading chart...

Masterbrand, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Masterbrand, Inc..

Years

Calculation mode

= $1.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$176M	$171M	$167M	$163M	$159M	$155M	$151M	$147M	$144M	$140M	$137M	$1.4B
DCF		$156M	$138M	$122M	$108M	$96M	$85M	$76M	$67M	$59M	$53M	$527M
Value	$1.5B

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	12/2021	12/2022	12/2023	TTM
Net Margins	6%	5%	7%	6%
ROA	-	8%	13%	9%
ROE	-	15%	15%	11%

Bad Net Margins (5.5%)

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	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.45	2.05	6.13
Debt over Equity	-	0.97	0.6	0.83
Growth Stability	-	-	-	1

Bad Debt/FCF ratio (6.13)

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

Good Debt/Equity ratio (0.83)

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

Good Graham’s Stability (1)

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	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	15%	-17%	-10%
Earnings YoY growth	-	-15%	17%	6%
Equity YoY growth	-	-59%	18%	-27%
FCF YoY growth	-	86%	94%	-2%