Patrick Industries Inc

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $2.66B
  • PE 19
  • Debt $1.34B
  • Cash $33.56M
  • EV $3.97B
  • FCF $251.16M

Earnings

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Sales & Net Margins

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Earnings$138.40M
EBIT$258.04M
ROE12%
ROA9%
FCF$251.16M
Equity$1.13B
Growth Stability60%
PE19.24
PEG1.13
PB2.36
P/FCF10.6
P/S0.72
Price/Cash0.01
Debt/Equity1.19
Debt/FCF5.33
Net Margins4%
Gross Margins22%
Op. Margins7%
Earnings CAGR16%
Sales Growth YoY8%
Sales Growth QoQ-8%
Sales CAGR18%
FCF CAGR21%
Equity CAGR25%
Earnings Stability0.5
Earnings Growth YoY-53%
Earnings Growth QoQ-64%
Earnings CAGR 5Y17%
Sales CAGR 5Y14%
FCF CAGR 5Y34%
Equity CAGR 5Y21%
Earnings CAGR 3Y-13%
Sales CAGR 3Y-13%
FCF CAGR 3Y27%
Equity CAGR 3Y11%
Market Cap$2.66B
Revenue$3.72B
Dividend Yield2%
Payout Ratio36%
Assets$3.02B
Total Debt$1.34B
Cash$33.56M
Shares Outstanding32.56M
EV3.97B
Earnings Score72%
Moat Score84%
Safety Score70%
Final Score75%
Working Capital469M
Current Ratio2.33
Gross Profit$835.89M
Shares Growth 3y-1%
Equity Growth QoQ-0%
Equity Growth YoY8%

Assets & ROA

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Stockholders Equity & ROE

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Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.

SEC Filings

Direct access to Patrick Industries Inc (PATK) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 29
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Oct 01
    • 10-Q Jul 02
    • 10-Q Apr 02
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 25
    • 10-Q Jun 26
    • 10-Q Mar 27

Sector Comparison

How does Patrick Industries Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 16%
Stability 50%
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Patrick Industries Inc Discounted Cash Flow

Fully customizable DCF calculator online for Patrick Industries Inc.

= $11B
012345678910TV
fcf$251M$305M$369M$448M$543M$659M$799M$969M$1.2B$1.4B$1.7B$17B
DCF$277M$305M$337M$371M$409M$451M$497M$548M$604M$666M$6.7B
Value$11B

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins5%5%5%5%4%4%6%7%4%4%4%
ROA-17%14%14%10%10%13%18%10%9%9%
ROE-30%23%29%18%17%29%34%14%12%12%

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-3.534.784.054.316.627.33.942.995.335.33
Debt over Equity1.671.5611.641.431.511.781.3711.191.19
Growth Stability---100%100%99%100%100%66%60%60%

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.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-33%34%38%3%6%64%20%-29%7%14%
Earnings YoY growth-32%54%40%-25%8%132%46%-56%-3%17%
Equity YoY growth-44%100%10%22%12%37%24%9%8%21%
FCF YoY growth-42%-5%114%-0%-22%46%77%5%-28%34%