PATRICK INDUSTRIES INC (PATK) Stock Fundamental Analysis
USA - NASDAQ:PATK - US7033431039 - Common Stock
99.22 USD
+2.26 (+2.33%)
99.22 USD
0 (0%)
Overall PATK gets a fundamental rating of 5 out of 10. We evaluated PATK against 81 industry peers in the Automobile Components industry. PATK has an average financial health and profitability rating. PATK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PATK was profitable.
In the past year PATK had a positive cash flow from operations.
Each year in the past 5 years PATK has been profitable.
In the past 5 years PATK always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.10%, PATK is doing worse than 60.49% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.03%, PATK belongs to the top of the industry, outperforming 92.59% of the companies in the same industry.
PATK has a Return On Invested Capital of 8.45%. This is amongst the best in the industry. PATK outperforms 88.89% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PATK is above the industry average of 8.51%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 11.03% | ||
| ROIC | 8.45% |
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
PATK's Profit Margin of 3.30% is on the low side compared to the rest of the industry. PATK is outperformed by 61.73% 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's Operating Margin of 7.62% is on the low side compared to the rest of the industry. PATK is outperformed by 61.73% of its industry peers.
PATK's Operating Margin has been stable in the last couple of years.
PATK has a Gross Margin of 23.03%. This is in the lower half of the industry: PATK underperforms 66.67% of its industry peers.
PATK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.62% | ||
| PM (TTM) | 3.3% | ||
| GM | 23.03% |
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.
PATK has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.17 indicates that PATK is not in any danger for bankruptcy at the moment.
PATK has a Altman-Z score of 3.17. This is in the better half of the industry: PATK outperforms 71.60% of its industry peers.
The Debt to FCF ratio of PATK is 4.86, which is a neutral value as it means it would take PATK, 4.86 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.86, PATK belongs to the top of the industry, outperforming 81.48% of the companies in the same industry.
A Debt/Equity ratio of 1.11 is on the high side and indicates that PATK has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.11, PATK is doing worse than 83.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.11 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 3.17 |
ROIC/WACC0.93
WACC9.1%
2.3 Liquidity
A Current Ratio of 1.96 indicates that PATK should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.96, PATK is in the better half of the industry, outperforming 72.84% of the companies in the same industry.
PATK has a Quick Ratio of 1.96. This is a bad value and indicates that PATK is not financially healthy enough and could expect problems in meeting its short term obligations.
PATK has a worse Quick ratio (0.75) than 87.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The earnings per share for PATK have decreased by -9.36% in the last year.
Measured over the past years, PATK shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.87% on average per year.
The Revenue has been growing slightly by 6.09% in the past year.
The Revenue has been growing by 9.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-9.36%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%4.17%
Revenue 1Y (TTM)6.09%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%3.04%
3.2 Future
The Earnings Per Share is expected to grow by 17.94% on average over the next years. This is quite good.
PATK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.12% yearly.
EPS Next Y5.11%
EPS Next 2Y17.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.53%
Revenue Next 2Y4.12%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.46, which indicates a rather expensive current valuation of PATK.
PATK's Price/Earnings ratio is a bit more expensive when compared to the industry. PATK is more expensive than 62.96% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.50, PATK is valued at the same level.
Based on the Price/Forward Earnings ratio of 17.31, the valuation of PATK can be described as rather expensive.
Based on the Price/Forward Earnings ratio, PATK is valued a bit more expensive than 62.96% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PATK to the average of the S&P500 Index (22.99), we can say PATK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.46 | ||
| Fwd PE | 17.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PATK is valued a bit more expensive than the industry average as 60.49% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, PATK is valued a bit cheaper than the industry average as 65.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.61 | ||
| EV/EBITDA | 9.88 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PATK's earnings are expected to grow with 17.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.59
PEG (5Y)2.38
EPS Next 2Y17.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.65%, PATK has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.15, PATK has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.44, PATK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
5.2 History
On average, the dividend of PATK grows each year by 43.70%, which is quite nice.
PATK has been paying a dividend for at least 10 years, so it has 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
41.31% of the earnings are spent on dividend by PATK. This is a bit on the high side, but may be sustainable.
PATK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.31%
EPS Next 2Y17.94%
EPS Next 3YN/A
99.22
+2.26 (+2.33%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners110.99%
Inst Owner Change-0.13%
Ins Owners3.8%
Ins Owner Change-3.38%
Market Cap3.30B
Analysts77.14
Price Target110.54 (11.41%)
Short Float %9.2%
Short Ratio9.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
Yearly Dividend1.5
Dividend Growth(5Y)43.7%
DP41.31%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.11%
Min EPS beat(2)5.04%
Max EPS beat(2)11.17%
EPS beat(4)2
Avg EPS beat(4)-1.77%
Min EPS beat(4)-19.79%
Max EPS beat(4)11.17%
EPS beat(8)6
Avg EPS beat(8)2.48%
EPS beat(12)10
Avg EPS beat(12)5.38%
EPS beat(16)14
Avg EPS beat(16)14.2%
Revenue beat(2)2
Avg Revenue beat(2)1.23%
Min Revenue beat(2)0.15%
Max Revenue beat(2)2.31%
Revenue beat(4)3
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-3.49%
Max Revenue beat(4)2.31%
Revenue beat(8)6
Avg Revenue beat(8)1.52%
Revenue beat(12)8
Avg Revenue beat(12)1.13%
Revenue beat(16)12
Avg Revenue beat(16)3.7%
PT rev (1m)0%
PT rev (3m)9.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.22%
EPS NY rev (1m)0.34%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.87%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.46 | ||
| Fwd PE | 17.31 | ||
| P/S | 0.87 | ||
| P/FCF | 12.61 | ||
| P/OCF | 9.61 | ||
| P/B | 2.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.88 |
EPS(TTM)4.23
EY4.26%
EPS(NY)5.73
Fwd EY5.78%
FCF(TTM)7.87
FCFY7.93%
OCF(TTM)10.33
OCFY10.41%
SpS114.68
BVpS34.35
TBVpS-12.77
PEG (NY)4.59
PEG (5Y)2.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 11.03% | ||
| ROCE | 11.1% | ||
| ROIC | 8.45% | ||
| ROICexc | 8.52% | ||
| ROICexgc | 21.51% | ||
| OM | 7.62% | ||
| PM (TTM) | 3.3% | ||
| GM | 23.03% | ||
| FCFM | 6.86% |
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-Score7
Asset Turnover1.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.11 | ||
| Debt/FCF | 4.86 | ||
| Debt/EBITDA | 2.75 | ||
| Cap/Depr | 48.07% | ||
| Cap/Sales | 2.14% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.59% | ||
| Profit Quality | 207.72% | ||
| Current Ratio | 1.96 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 3.17 |
F-Score7
WACC9.1%
ROIC/WACC0.93
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)-9.36%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%4.17%
EPS Next Y5.11%
EPS Next 2Y17.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.09%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%3.04%
Revenue Next Year2.53%
Revenue Next 2Y4.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.72%
EBIT growth 3Y-9.81%
EBIT growth 5Y10.81%
EBIT Next Year65.4%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.6%
FCF growth 3Y10.27%
FCF growth 5Y8.81%
OCF growth 1Y-33.38%
OCF growth 3Y9.04%
OCF growth 5Y11.18%