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Reasonable growth and debt and a high ROIC for PATRICK INDUSTRIES INC (NASDAQ:PATK).

By Mill Chart

Last update: Aug 29, 2023

In this article we will dive into PATRICK INDUSTRIES INC (NASDAQ:PATK) as a possible candidate for quality investing. Investors should always do their own research, but we noticed PATRICK INDUSTRIES INC showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Some of the quality metrics of NASDAQ:PATK highlighted

  • PATRICK INDUSTRIES INC has shown strong performance in revenue growth over the past 5 years, with a 24.44% increase. This indicates the company's ability to generate consistent revenue growth and reflects its potential for long-term success.
  • With a robust ROIC excluding cash and goodwill at 21.45%, PATRICK INDUSTRIES INC showcases its effective allocation of capital and operational excellence. This metric signifies the company's ability to generate attractive returns and supports its long-term financial performance.
  • PATRICK INDUSTRIES INC maintains a healthy Debt/Free Cash Flow Ratio of 2.77, indicating a strong financial position and prudent debt management. This ratio suggests the company has sufficient free cash flow to cover its debt obligations and highlights its ability to generate cash from operations.
  • PATRICK INDUSTRIES INC demonstrates consistent Profit Quality over the past 5 years, with a strong 128.0%. This indicates the company's ability to generate sustainable and reliable profits, showcasing its long-term profitability and financial stability.
  • PATRICK INDUSTRIES INC has experienced impressive EBIT growth over the past 5 years, with 32.41% increase. This reflects the company's effective operational performance and highlights its potential for long-term financial success.
  • The EBIT 5-year growth of PATRICK INDUSTRIES INC has outpaced its Revenue 5-year growth, reflecting the company's focus on optimizing its profitability and generating sustainable earnings. This trend underscores its strong financial management.

Fundamental Analysis Observations

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Overall PATK gets a fundamental rating of 6 out of 10. We evaluated PATK against 42 industry peers in the Automobile Components industry. While PATK belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. PATK has a bad growth rate and is valued cheaply. This makes PATK very considerable for value investing!

Our latest full fundamental report of PATK contains the most current fundamental analsysis.

More quality stocks can be found in our Caviar Cruise screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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PATRICK INDUSTRIES INC

NASDAQ:PATK (11/30/2023, 3:30:02 PM)

After market: 82.04 0 (0%)

82.04

+0.06 (+0.07%)

PATK News

News Image7 days ago - ChartmillWhy the quality investor may take a look at PATRICK INDUSTRIES INC (NASDAQ:PATK).

This article explores why quality investors may have a look at PATRICK INDUSTRIES INC (NASDAQ:PATK)

News Image14 days ago - Seeking AlphaPatrick raises dividend by 22.2% to $0.55 (NASDAQ:PATK)

Patrick (PATK) declares $0.55/share quarterly dividend, 22.2% increase from prior dividend of $0.45. Forward yield 2.62% Payable Dec. 11; for shareholders of re

News Image14 days ago - Patrick Industries, Inc.Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend

/PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on November 15, 2023, its Board of Directors (the "Board") approved an increase in...

News Image22 days ago - Rockford CorporationROCKFORD FOSGATE® MAKES TRANSFORMATIVE LEADERSHIP ANNOUNCEMENT PROMOTING ZACH LUKE TO MANAGING DIRECTOR

/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the appointment of Zach Luke as the new...

News Imagea month ago - Rockford CorporationROCKFORD FOSGATE® PROMOTES JOE GONZALEZ TO NATIONAL SALES MANAGER

/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is pleased to announce the promotion of Joe Gonzalez to National Sales...

News Imagea month ago - Rockford CorporationROCKFORD FOSGATE ENHANCES ADVENTURE WITH ALL-NEW COMPLETE AUDIO SYSTEMS FOR JEEP WRANGLER AND GLADIATOR

/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, announced the launch of its latest all-inclusive audio kits for select Jeep...

News Image2 months ago - Market News VideoCommit To Purchase Patrick Industries At $55, Earn 7.6% Using Options
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/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, is excited to announce a strategic partnership with Thumper Fabrication, a...

News Image2 months ago - Patrick Industries, Inc.Patrick Industries, Inc. Announces Third Quarter 2023 Earnings Release and Conference Call Webcast on October 26, 2023

/PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its third quarter and nine months...

News Image2 months ago - Market News VideoNotable Monday Option Activity: PATK, CDAY, SFIX
News Image3 months ago - Rockford FosgateROCKFORD FOSGATE UNVEILS ALL-IN-ONE OVERHEAD AUDIO SYSTEM FOR CAN-AM DEFENDER MODELS

/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, released its latest all-in-one solution with its Can-Am Defender Stage-1 audio...

News Image3 months ago - Rockford CorporationROCKFORD FOSGATE LITERALLY ELEVATES AUDIO FOR POLARIS RANGER WITH THE ALL-NEW, ALL-IN-ONE ROOF SYSTEM

/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, announced the launch of its latest innovation, the Ranger Roof Audio System....

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