PATRICK INDUSTRIES INC (PATK) Stock Fundamental Analysis
NASDAQ:PATK - Nasdaq - US7033431039 - Common Stock - Currency: USD
Taking everything into account, PATK scores 4 out of 10 in our fundamental rating. PATK was compared to 80 industry peers in the Automobile Components industry. PATK has an average financial health and profitability rating. PATK is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PATK was profitable.
PATK had a positive operating cash flow in the past year.
PATK had positive earnings in each of the past 5 years.
In the past 5 years PATK always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 4.44%, PATK is not doing good in the industry: 61.25% of the companies in the same industry are doing better.
PATK's Return On Equity of 12.40% is amongst the best of the industry. PATK outperforms 90.00% of its industry peers.
PATK has a Return On Invested Capital of 7.23%. This is in the lower half of the industry: PATK underperforms 67.50% of its industry peers.
PATK had an Average Return On Invested Capital over the past 3 years of 10.59%. This is in line with the industry average of 9.12%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 12.4% | ||
| ROIC | 7.23% |
ROA(3y)7.32%
ROA(5y)7.19%
ROE(3y)20.1%
ROE(5y)21.39%
ROIC(3y)10.59%
ROIC(5y)10.52%
1.3 Margins
The Profit Margin of PATK (3.74%) is worse than 61.25% of its industry peers.
In the last couple of years the Profit Margin of PATK has remained more or less at the same level.
PATK has a worse Operating Margin (6.98%) than 65.00% of its industry peers.
In the last couple of years the Operating Margin of PATK has remained more or less at the same level.
PATK's Gross Margin of 22.71% is on the low side compared to the rest of the industry. PATK is outperformed by 66.25% of its industry peers.
In the last couple of years the Gross Margin of PATK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.98% | ||
| PM (TTM) | 3.74% | ||
| GM | 22.71% |
OM growth 3Y-6.97%
OM growth 5Y1%
PM growth 3Y-12.26%
PM growth 5Y-0.57%
GM growth 3Y4.62%
GM growth 5Y4.45%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PATK is still creating some value.
PATK has more shares outstanding than it did 1 year ago.
PATK has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, PATK has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.03 indicates that PATK is not in any danger for bankruptcy at the moment.
PATK's Altman-Z score of 3.03 is fine compared to the rest of the industry. PATK outperforms 68.75% of its industry peers.
The Debt to FCF ratio of PATK is 5.68, which is a neutral value as it means it would take PATK, 5.68 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PATK (5.68) is worse than 66.25% of its industry peers.
PATK has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.25, PATK is doing worse than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 5.68 | ||
| Altman-Z | 3.03 |
ROIC/WACC0.76
WACC9.54%
2.3 Liquidity
A Current Ratio of 2.41 indicates that PATK has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.41, PATK belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
PATK has a Quick Ratio of 1.04. This is a normal value and indicates that PATK is financially healthy and should not expect problems in meeting its short term obligations.
PATK's Quick ratio of 1.04 is on the low side compared to the rest of the industry. PATK is outperformed by 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.41 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The earnings per share for PATK have decreased by -7.74% in the last year.
The Earnings Per Share has been growing by 9.87% on average over the past years. This is quite good.
PATK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.12%.
The Revenue has been growing by 9.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-7.74%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%4.72%
Revenue 1Y (TTM)8.12%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%7.49%
3.2 Future
PATK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.41% yearly.
Based on estimates for the next years, PATK will show a small growth in Revenue. The Revenue will grow by 4.08% on average per year.
EPS Next Y4.29%
EPS Next 2Y16.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.29%
Revenue Next 2Y4.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.98, the valuation of PATK can be described as rather expensive.
Based on the Price/Earnings ratio, PATK is valued a bit more expensive than 63.75% of the companies in the same industry.
PATK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
PATK is valuated rather expensively with a Price/Forward Earnings ratio of 17.16.
Based on the Price/Forward Earnings ratio, PATK is valued a bit more expensive than the industry average as 63.75% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of PATK to the average of the S&P500 Index (36.44), we can say PATK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.98 | ||
| Fwd PE | 17.16 |
4.2 Price Multiples
66.25% of the companies in the same industry are cheaper than PATK, based on the Enterprise Value to EBITDA ratio.
PATK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.74 | ||
| EV/EBITDA | 10.49 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PATK does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as PATK's earnings are expected to grow with 16.41% in the coming years.
PEG (NY)5.36
PEG (5Y)2.33
EPS Next 2Y16.41%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PATK has a Yearly Dividend Yield of 1.65%.
PATK's Dividend Yield is slightly below the industry average, which is at 4.23.
PATK's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
5.2 History
The dividend of PATK is nicely growing with an annual growth rate of 43.70%!
PATK has paid a dividend for at least 10 years, which is a reliable track record.
PATK has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)43.7%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
36.06% of the earnings are spent on dividend by PATK. This is a low number and sustainable payout ratio.
The dividend of PATK is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP36.06%
EPS Next 2Y16.41%
EPS Next 3YN/A
95.81
-1.44 (-1.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners110.53%
Inst Owner Change-0.2%
Ins Owners3.96%
Ins Owner Change1.15%
Market Cap3.20B
Analysts77.33
Price Target99.96 (4.33%)
Short Float %9.27%
Short Ratio9.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
Yearly Dividend1.5
Dividend Growth(5Y)43.7%
DP36.06%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.31%
Min EPS beat(2)-19.79%
Max EPS beat(2)11.17%
EPS beat(4)2
Avg EPS beat(4)-2.15%
Min EPS beat(4)-19.79%
Max EPS beat(4)11.17%
EPS beat(8)6
Avg EPS beat(8)2.37%
EPS beat(12)10
Avg EPS beat(12)8.45%
EPS beat(16)14
Avg EPS beat(16)16.09%
Revenue beat(2)2
Avg Revenue beat(2)2.01%
Min Revenue beat(2)1.71%
Max Revenue beat(2)2.31%
Revenue beat(4)3
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-3.49%
Max Revenue beat(4)2.54%
Revenue beat(8)5
Avg Revenue beat(8)0.94%
Revenue beat(12)8
Avg Revenue beat(12)2.36%
Revenue beat(16)12
Avg Revenue beat(16)4.6%
PT rev (1m)-0.11%
PT rev (3m)-5.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.18%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)-4.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.98 | ||
| Fwd PE | 17.16 | ||
| P/S | 0.85 | ||
| P/FCF | 12.74 | ||
| P/OCF | 9.65 | ||
| P/B | 2.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.49 |
EPS(TTM)4.17
EY4.35%
EPS(NY)5.58
Fwd EY5.83%
FCF(TTM)7.52
FCFY7.85%
OCF(TTM)9.92
OCFY10.36%
SpS113.24
BVpS34.14
TBVpS-13.51
PEG (NY)5.36
PEG (5Y)2.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 12.4% | ||
| ROCE | 9.5% | ||
| ROIC | 7.23% | ||
| ROICexc | 7.46% | ||
| ROICexgc | 18.24% | ||
| OM | 6.98% | ||
| PM (TTM) | 3.74% | ||
| GM | 22.71% | ||
| FCFM | 6.64% |
ROA(3y)7.32%
ROA(5y)7.19%
ROE(3y)20.1%
ROE(5y)21.39%
ROIC(3y)10.59%
ROIC(5y)10.52%
ROICexc(3y)10.69%
ROICexc(5y)10.77%
ROICexgc(3y)25.32%
ROICexgc(5y)25.36%
ROCE(3y)13.92%
ROCE(5y)13.82%
ROICexcg growth 3Y-13.77%
ROICexcg growth 5Y-5.41%
ROICexc growth 3Y-16.43%
ROICexc growth 5Y-6.2%
OM growth 3Y-6.97%
OM growth 5Y1%
PM growth 3Y-12.26%
PM growth 5Y-0.57%
GM growth 3Y4.62%
GM growth 5Y4.45%
F-Score8
Asset Turnover1.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 5.68 | ||
| Debt/EBITDA | 3.28 | ||
| Cap/Depr | 47.59% | ||
| Cap/Sales | 2.12% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.59% | ||
| Profit Quality | 177.6% | ||
| Current Ratio | 2.41 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 3.03 |
F-Score8
WACC9.54%
ROIC/WACC0.76
Cap/Depr(3y)49.11%
Cap/Depr(5y)50.59%
Cap/Sales(3y)1.79%
Cap/Sales(5y)1.65%
Profit Quality(3y)175.76%
Profit Quality(5y)148.51%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.74%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%4.72%
EPS Next Y4.29%
EPS Next 2Y16.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.12%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%7.49%
Revenue Next Year2.29%
Revenue Next 2Y4.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y0.36%
EBIT growth 3Y-9.81%
EBIT growth 5Y10.81%
EBIT Next Year68.83%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-28.03%
FCF growth 3Y10.27%
FCF growth 5Y8.81%
OCF growth 1Y-23.51%
OCF growth 3Y9.04%
OCF growth 5Y11.18%