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Why the quality investor may take a look at PATRICK INDUSTRIES INC (NASDAQ:PATK).

By Mill Chart

Last update: Nov 23, 2023

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if PATRICK INDUSTRIES INC (NASDAQ:PATK) is suited for quality investing. Investors should of course do their own research, but we spotted PATRICK INDUSTRIES INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

Highlighting Notable Quality Metrics of NASDAQ:PATK.

  • PATRICK INDUSTRIES INC has demonstrated significant revenue growth over the past 5 years, with a 24.44% increase. This underscores the company's ability to adapt to market dynamics and capitalize on growth opportunities.
  • PATRICK INDUSTRIES INC exhibits a strong ROIC excluding cash and goodwill, indicating efficient capital utilization and profitable operations. The 20.64% reflects the company's ability to generate returns on invested capital and underscores its commitment to delivering value to shareholders.
  • With a Debt/Free Cash Flow Ratio of 2.72, PATRICK INDUSTRIES INC exhibits solid financial health and responsible debt management practices. This ratio indicates the company's ability to generate ample free cash flow to meet its debt obligations and pursue growth opportunities.
  • PATRICK INDUSTRIES INC exhibits impressive Profit Quality (5-year) with a 128.0% ratio, reflecting its consistent ability to generate high-quality profits. This metric underscores the company's strong financial performance and commitment to delivering sustainable earnings.
  • PATRICK INDUSTRIES INC has demonstrated consistent growth in EBIT over the past 5 years, with a strong 32.41%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
  • PATRICK INDUSTRIES INC has achieved impressive EBIT 5-year growth, surpassing its Revenue 5-year growth. This indicates the company's ability to improve its profitability and operational efficiency, highlighting its strong financial performance.

What is the full fundamental picture of NASDAQ:PATK telling us.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, PATK scores 6 out of 10 in our fundamental rating. PATK was compared to 41 industry peers in the Automobile Components industry. While PATK has a great profitability rating, there are some minor concerns on its financial health. PATK is valued correctly, but it does not seem to be growing.

Check the latest full fundamental report of PATK for a complete fundamental analysis.

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

Disclaimer

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 (2/22/2024, 7:02:32 PM)

After market: 113.88 0 (0%)

113.88

+1.77 (+1.58%)

PATK News

News Image15 days ago - Seeking Alpha(NASDAQ:PATK)

Patrick Industries Inc. reports Q4 2023 results with a GAAP EPS of $1.41, beating estimates by $0.05, while revenue of $781M remains in line with...

News Image15 days ago - Patrick Industries, Inc.Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend

Fourth Quarter and Full Year 2023 Highlights (compared to Fourth Quarter 2022 unless otherwise noted) Fourth quarter net sales of $781 million decreased 18% as...

News Imagea month ago - Patrick Industries, Inc.Patrick Industries, Inc. Completes Acquisition of Sportech, LLC and Announces Fourth Quarter 2023 Earnings Release and Conference Call Webcast on February 8, 2024

/PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and...

News Imagea month ago - Market News VideoCommit To Buy Patrick Industries At $65, Earn 3.9% Annualized Using Options
News Imagea month ago - Seeking AlphaPatrick Industries inks $315M deal to acquire Sportech

Patrick Industries (PATK) is set to acquire Sportech for $315M, a leading designer and manufacturer of component solutions for the powersports industry.

News Imagea month ago - Patrick Industries, Inc.Patrick Industries, Inc. Signs Definitive Agreement to Acquire Sportech, LLC - a Leading Supplier of Premium Component Solutions to Powersports OEMs

/PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and...

News Image2 months ago - Patrick Industries, Inc.Patrick Industries to Participate in Upcoming 2024 CJS Conference

/PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and...

News Image2 months ago - Rockford CorporationROCKFORD FOSGATEĀ® APPOINTS ORA FREEMAN AS SENIOR DIRECTOR OF MARINE OEM

/PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Ora Freeman as Senior Director...

News Image2 months ago - Patrick Industries, Inc.Patrick Industries, Inc. Publishes 2023 Sustainability & Responsibility Report

/PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and...

News Image2 months ago - Seeking AlphaPatrick Industries sells 20k shares - filing (NASDAQ:PATK)

Patrick Industries (NASDAQ:PATK) CEO Andy Nemeth disclosed in an SEC filing on Thursday after the bell a sale of 20,000 shares of the company worth...

News Image2 months ago - Seeking AlphaPatrick Industries CEO sells 20k shares - filing (NASDAQ:PATK)

Patrick Industries (NASDAQ:PATK) CEO Andy Nemeth disclosed in an SEC filing on Thursday after the bell a sale of 20,000 shares of the company worth...

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