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. There are concerns on the financial health of PATK while its profitability can be described as average. While showing a medium growth rate, PATK is valued expensive at the moment.
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.
PATK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of PATK (4.10%) is worse than 60.00% of its industry peers.
With an excellent Return On Equity value of 11.03%, PATK belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
With a Return On Invested Capital value of 7.74%, PATK is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
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 8.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 11.03% | ||
| ROIC | 7.74% |
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
Looking at the Profit Margin, with a value of 3.30%, PATK is doing worse than 61.25% of the companies in the same industry.
In the last couple of years the Profit Margin of PATK has remained more or less at the same level.
Looking at the Operating Margin, with a value of 6.98%, PATK is doing worse than 63.75% of the companies in the same industry.
In the last couple of years the Operating Margin of PATK has remained more or less at the same level.
PATK has a Gross Margin of 23.03%. This is in the lower half of the industry: PATK underperforms 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) | 3.3% | ||
| 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.
The number of shares outstanding for PATK has been reduced compared to 5 years ago.
The debt/assets ratio for PATK is higher compared to a year ago.
2.2 Solvency
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.
With an excellent Debt to FCF ratio value of 4.86, PATK belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
PATK has a Debt/Equity ratio of 1.11. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.11, PATK is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.11 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | N/A |
ROIC/WACC0.81
WACC9.59%
2.3 Liquidity
PATK has a Current Ratio of 1.96. This is a normal value and indicates that PATK is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PATK (1.96) is better than 72.50% of its industry peers.
A Quick Ratio of 0.75 indicates that PATK may have some problems paying its short term obligations.
The Quick ratio of PATK (0.75) is worse than 88.75% 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.
The Earnings Per Share has been growing by 9.87% on average over the past years. This is quite good.
The Revenue has been growing slightly by 6.09% in the past year.
PATK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.72% yearly.
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 16.41% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.80% on average over the next years.
EPS Next Y4.29%
EPS Next 2Y16.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2%
Revenue Next 2Y3.8%
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
A Price/Earnings ratio of 26.51 indicates a quite expensive valuation of PATK.
Compared to the rest of the industry, the Price/Earnings ratio of PATK indicates a slightly more expensive valuation: PATK is more expensive than 62.50% of the companies listed in the same industry.
PATK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.87, which is the current average of the S&P500 Index.
PATK is valuated rather expensively with a Price/Forward Earnings ratio of 20.08.
Based on the Price/Forward Earnings ratio, PATK is valued a bit more expensive than 66.25% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PATK to the average of the S&P500 Index (35.34), we can say PATK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.51 | ||
| Fwd PE | 20.08 |
4.2 Price Multiples
PATK's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. PATK is more expensive than 65.00% of the companies in the same industry.
PATK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PATK is cheaper than 65.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.31 | ||
| EV/EBITDA | 11.49 |
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)6.18
PEG (5Y)2.69
EPS Next 2Y16.41%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.42%, PATK has a reasonable but not impressive dividend return.
PATK's Dividend Yield is slightly below the industry average, which is at 3.89.
PATK's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.42% |
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.
As PATK did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)43.7%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
19.94% 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.
DP19.94%
EPS Next 2Y16.41%
EPS Next 3YN/A
112.13
-0.38 (-0.34%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners110.43%
Inst Owner Change0.18%
Ins Owners3.95%
Ins Owner Change-0.1%
Market Cap3.75B
Analysts77.14
Price Target109.91 (-1.98%)
Short Float %9.23%
Short Ratio10.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.42% |
Yearly Dividend1.5
Dividend Growth(5Y)43.7%
DP19.94%
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)9.21%
PT rev (3m)9.82%
EPS NQ rev (1m)-4.54%
EPS NQ rev (3m)-40.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.18%
Revenue NQ rev (1m)1.16%
Revenue NQ rev (3m)-10.95%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.51 | ||
| Fwd PE | 20.08 | ||
| P/S | 0.98 | ||
| P/FCF | 14.31 | ||
| P/OCF | 10.91 | ||
| P/B | 3.28 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.49 |
EPS(TTM)4.23
EY3.77%
EPS(NY)5.58
Fwd EY4.98%
FCF(TTM)7.84
FCFY6.99%
OCF(TTM)10.28
OCFY9.17%
SpS114.17
BVpS34.19
TBVpS-12.71
PEG (NY)6.18
PEG (5Y)2.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 11.03% | ||
| ROCE | 10.17% | ||
| ROIC | 7.74% | ||
| ROICexc | 7.8% | ||
| ROICexgc | 19.7% | ||
| OM | 6.98% | ||
| 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-Score6
Asset Turnover1.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.11 | ||
| Debt/FCF | 4.86 | ||
| Debt/EBITDA | 2.9 | ||
| Cap/Depr | 48.07% | ||
| Cap/Sales | 2.14% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.77% | ||
| Profit Quality | 207.72% | ||
| Current Ratio | 1.96 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | N/A |
F-Score6
WACC9.59%
ROIC/WACC0.81
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 Y4.29%
EPS Next 2Y16.41%
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%
Revenue Next 2Y3.8%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.25%
EBIT growth 3Y-9.81%
EBIT growth 5Y10.81%
EBIT Next Year67.69%
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%