PATRICK INDUSTRIES INC (PATK) Stock Fundamental Analysis
USA - NASDAQ:PATK - US7033431039 - Common Stock
105.86 USD
+1.73 (+1.66%)
105.86 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to PATK. PATK was compared to 82 industry peers in the Automobile Components industry. While PATK is still in line with the averages on profitability rating, there are concerns on its financial health. PATK is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PATK had positive earnings in the past year.
PATK had a positive operating cash flow in the past year.
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
With a Return On Assets value of 3.83%, PATK perfoms like the industry average, outperforming 41.46% of the companies in the same industry.
PATK's Return On Equity of 10.32% is amongst the best of the industry. PATK outperforms 91.46% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.85%, PATK is doing worse than 60.98% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PATK is above the industry average of 8.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.83% | ||
| ROE | 10.32% | ||
| ROIC | 7.85% |
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
With a Profit Margin value of 3.11%, PATK perfoms like the industry average, outperforming 40.24% of the companies in the same industry.
PATK's Profit Margin has been stable in the last couple of years.
The Operating Margin of PATK (7.30%) is worse than 62.20% of its industry peers.
PATK's Operating Margin has been stable in the last couple of years.
PATK's Gross Margin of 22.91% is on the low side compared to the rest of the industry. PATK is outperformed by 65.85% of its industry peers.
In the last couple of years the Gross Margin of PATK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.3% | ||
| PM (TTM) | 3.11% | ||
| GM | 22.91% |
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
PATK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for PATK has been increased compared to 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
PATK has a debt to FCF ratio of 6.29. This is a slightly negative value and a sign of low solvency as PATK would need 6.29 years to pay back of all of its debts.
The Debt to FCF ratio of PATK (6.29) is worse than 67.07% of its industry peers.
A Debt/Equity ratio of 1.13 is on the high side and indicates that PATK has dependencies on debt financing.
PATK has a Debt to Equity ratio of 1.13. This is amonst the worse of the industry: PATK underperforms 84.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 6.29 | ||
| Altman-Z | N/A |
ROIC/WACC0.91
WACC8.66%
2.3 Liquidity
PATK has a Current Ratio of 2.34. This indicates that PATK is financially healthy and has no problem in meeting its short term obligations.
PATK's Current ratio of 2.34 is amongst the best of the industry. PATK outperforms 81.71% of its industry peers.
PATK has a Quick Ratio of 2.34. This is a bad value and indicates that PATK is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.86, PATK is not doing good in the industry: 82.93% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.34 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
PATK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.93%.
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 6.08% in the past year.
Measured over the past years, PATK shows a quite strong growth in Revenue. The Revenue has been growing by 9.72% on average per year.
EPS 1Y (TTM)-12.93%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%-15.83%
Revenue 1Y (TTM)6.08%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%6.11%
3.2 Future
Based on estimates for the next years, PATK will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.04% on average per year.
The Revenue is expected to grow by 5.13% on average over the next years.
EPS Next Y6.18%
EPS Next 2Y17.03%
EPS Next 3Y15.04%
EPS Next 5YN/A
Revenue Next Year4.47%
Revenue Next 2Y4.91%
Revenue Next 3Y5.13%
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
Based on the Price/Earnings ratio of 26.20, the valuation of PATK can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of PATK indicates a slightly more expensive valuation: PATK is more expensive than 62.20% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.83, PATK is valued at the same level.
The Price/Forward Earnings ratio is 18.76, which indicates a rather expensive current valuation of PATK.
65.85% of the companies in the same industry are cheaper than PATK, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 32.68. PATK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 18.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PATK is valued a bit more expensive than 62.20% of the companies in the same industry.
PATK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.69 | ||
| EV/EBITDA | 10.55 |
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 15.04% in the coming years.
PEG (NY)4.24
PEG (5Y)2.65
EPS Next 2Y17.03%
EPS Next 3Y15.04%
5. Dividend
5.1 Amount
PATK has a Yearly Dividend Yield of 1.54%. Purely for dividend investing, there may be better candidates out there.
PATK's Dividend Yield is comparable with the industry average which is at 4.31.
Compared to the average S&P500 Dividend Yield of 2.39, PATK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
5.2 History
The dividend of PATK is nicely growing with an annual growth rate of 43.70%!
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
PATK pays out 10.88% of its income as dividend. This is a sustainable payout ratio.
The dividend of PATK is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP10.88%
EPS Next 2Y17.03%
EPS Next 3Y15.04%
105.86
+1.73 (+1.66%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners110.99%
Inst Owner Change-0.12%
Ins Owners3.8%
Ins Owner Change-3.38%
Market Cap3.52B
Revenue(TTM)3.87B
Net Income(TTM)120.53M
Analysts77.33
Price Target111.18 (5.03%)
Short Float %9.9%
Short Ratio12.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
Yearly Dividend1.5
Dividend Growth(5Y)43.7%
DP10.88%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.26%
Min EPS beat(2)5.04%
Max EPS beat(2)5.48%
EPS beat(4)3
Avg EPS beat(4)0.48%
Min EPS beat(4)-19.79%
Max EPS beat(4)11.17%
EPS beat(8)6
Avg EPS beat(8)2.79%
EPS beat(12)10
Avg EPS beat(12)4.13%
EPS beat(16)14
Avg EPS beat(16)13.38%
Revenue beat(2)2
Avg Revenue beat(2)3.4%
Min Revenue beat(2)0.15%
Max Revenue beat(2)6.66%
Revenue beat(4)4
Avg Revenue beat(4)2.71%
Min Revenue beat(4)0.15%
Max Revenue beat(4)6.66%
Revenue beat(8)6
Avg Revenue beat(8)2.21%
Revenue beat(12)9
Avg Revenue beat(12)1.69%
Revenue beat(16)12
Avg Revenue beat(16)3.62%
PT rev (1m)0.58%
PT rev (3m)11.22%
EPS NQ rev (1m)0.17%
EPS NQ rev (3m)1.25%
EPS NY rev (1m)0.07%
EPS NY rev (3m)0.86%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)2.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 18.76 | ||
| P/S | 0.91 | ||
| P/FCF | 16.69 | ||
| P/OCF | 11.7 | ||
| P/B | 3.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.55 |
EPS(TTM)4.04
EY3.82%
EPS(NY)5.64
Fwd EY5.33%
FCF(TTM)6.34
FCFY5.99%
OCF(TTM)9.05
OCFY8.55%
SpS116.37
BVpS35.11
TBVpS-12.02
PEG (NY)4.24
PEG (5Y)2.65
Graham Number56.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.83% | ||
| ROE | 10.32% | ||
| ROCE | 10.32% | ||
| ROIC | 7.85% | ||
| ROICexc | 7.91% | ||
| ROICexgc | 18.7% | ||
| OM | 7.3% | ||
| PM (TTM) | 3.11% | ||
| GM | 22.91% | ||
| FCFM | 5.45% |
ROA(3y)7.32%
ROA(5y)7.19%
ROE(3y)20.1%
ROE(5y)21.39%
ROIC(3y)10.59%
ROIC(5y)10.52%
ROICexc(3y)10.69%
ROICexc(5y)10.77%
ROICexgc(3y)25.32%
ROICexgc(5y)25.36%
ROCE(3y)13.92%
ROCE(5y)13.82%
ROICexgc growth 3Y-13.77%
ROICexgc 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 Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | 6.29 | ||
| Debt/EBITDA | 2.92 | ||
| Cap/Depr | 53.11% | ||
| Cap/Sales | 2.33% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.59% | ||
| Profit Quality | 175.1% | ||
| Current Ratio | 2.34 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | N/A |
F-Score6
WACC8.66%
ROIC/WACC0.91
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)-12.93%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%-15.83%
EPS Next Y6.18%
EPS Next 2Y17.03%
EPS Next 3Y15.04%
EPS Next 5YN/A
Revenue 1Y (TTM)6.08%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%6.11%
Revenue Next Year4.47%
Revenue Next 2Y4.91%
Revenue Next 3Y5.13%
Revenue Next 5YN/A
EBIT growth 1Y2.48%
EBIT growth 3Y-9.81%
EBIT growth 5Y10.81%
EBIT Next Year65.4%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-48.37%
FCF growth 3Y10.27%
FCF growth 5Y8.81%
OCF growth 1Y-36.68%
OCF growth 3Y9.04%
OCF growth 5Y11.18%
PATRICK INDUSTRIES INC / PATK FAQ
Can you provide the ChartMill fundamental rating for PATRICK INDUSTRIES INC?
ChartMill assigns a fundamental rating of 4 / 10 to PATK.
Can you provide the valuation status for PATRICK INDUSTRIES INC?
ChartMill assigns a valuation rating of 2 / 10 to PATRICK INDUSTRIES INC (PATK). This can be considered as Overvalued.
How profitable is PATRICK INDUSTRIES INC (PATK) stock?
PATRICK INDUSTRIES INC (PATK) has a profitability rating of 5 / 10.
What is the valuation of PATRICK INDUSTRIES INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PATRICK INDUSTRIES INC (PATK) is 26.2 and the Price/Book (PB) ratio is 3.01.
Can you provide the dividend sustainability for PATK stock?
The dividend rating of PATRICK INDUSTRIES INC (PATK) is 5 / 10 and the dividend payout ratio is 10.88%.