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PGT INNOVATIONS INC (PGTI) Stock Fundamental Analysis

NYSE:PGTI - New York Stock Exchange, Inc. - US69336V1017 - Common Stock - Currency: USD

41.99  0 (0%)

After market: 42 +0.01 (+0.02%)

Fundamental Rating

5

PGTI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 42 industry peers in the Building Products industry. PGTI has only an average score on both its financial health and profitability. PGTI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

PGTI had positive earnings in the past year.
In the past year PGTI had a positive cash flow from operations.
PGTI had positive earnings in each of the past 5 years.
In the past 5 years PGTI always reported a positive cash flow from operatings.
PGTI Yearly Net Income VS EBIT VS OCF VS FCFPGTI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

1.2 Ratios

PGTI has a Return On Assets (6.80%) which is comparable to the rest of the industry.
PGTI has a Return On Equity of 16.27%. This is comparable to the rest of the industry: PGTI outperforms 57.78% of its industry peers.
With a Return On Invested Capital value of 9.64%, PGTI perfoms like the industry average, outperforming 48.89% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PGTI is below the industry average of 12.90%.
The last Return On Invested Capital (9.64%) for PGTI is above the 3 year average (8.09%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.8%
ROE 16.27%
ROIC 9.64%
ROA(3y)4.89%
ROA(5y)4.73%
ROE(3y)12.36%
ROE(5y)11.3%
ROIC(3y)8.09%
ROIC(5y)7.91%
PGTI Yearly ROA, ROE, ROICPGTI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

PGTI has a Profit Margin (7.14%) which is comparable to the rest of the industry.
PGTI's Profit Margin has declined in the last couple of years.
The Operating Margin of PGTI (12.39%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PGTI has remained more or less at the same level.
PGTI has a better Gross Margin (39.27%) than 77.78% of its industry peers.
PGTI's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.39%
PM (TTM) 7.14%
GM 39.27%
OM growth 3Y3.28%
OM growth 5Y-1.31%
PM growth 3Y11.8%
PM growth 5Y-1.54%
GM growth 3Y2.55%
GM growth 5Y2.41%
PGTI Yearly Profit, Operating, Gross MarginsPGTI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PGTI is destroying value.
Compared to 1 year ago, PGTI has less shares outstanding
PGTI has less shares outstanding than it did 5 years ago.
PGTI has a better debt/assets ratio than last year.
PGTI Yearly Shares OutstandingPGTI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
PGTI Yearly Total Debt VS Total AssetsPGTI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

PGTI has an Altman-Z score of 3.34. This indicates that PGTI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.34, PGTI is doing worse than 62.22% of the companies in the same industry.
PGTI has a debt to FCF ratio of 4.81. This is a neutral value as PGTI would need 4.81 years to pay back of all of its debts.
The Debt to FCF ratio of PGTI (4.81) is worse than 71.11% of its industry peers.
A Debt/Equity ratio of 0.93 indicates that PGTI is somewhat dependend on debt financing.
PGTI has a worse Debt to Equity ratio (0.93) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF 4.81
Altman-Z 3.34
ROIC/WACC0.9
WACC10.69%
PGTI Yearly LT Debt VS Equity VS FCFPGTI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.3 Liquidity

PGTI has a Current Ratio of 2.45. This indicates that PGTI is financially healthy and has no problem in meeting its short term obligations.
With a Current ratio value of 2.45, PGTI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
PGTI has a Quick Ratio of 1.61. This is a normal value and indicates that PGTI is financially healthy and should not expect problems in meeting its short term obligations.
PGTI has a Quick ratio of 1.61. This is in the better half of the industry: PGTI outperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.45
Quick Ratio 1.61
PGTI Yearly Current Assets VS Current LiabilitesPGTI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

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5

3. Growth

3.1 Past

PGTI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.33%.
The Earnings Per Share has been growing by 11.49% on average over the past years. This is quite good.
PGTI shows a small growth in Revenue. In the last year, the Revenue has grown by 0.82%.
The Revenue has been growing by 16.58% on average over the past years. This is quite good.
EPS 1Y (TTM)7.33%
EPS 3Y27.89%
EPS 5Y11.49%
EPS Q2Q%-7.41%
Revenue 1Y (TTM)0.82%
Revenue growth 3Y19.45%
Revenue growth 5Y16.58%
Sales Q2Q%0.48%

3.2 Future

PGTI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.77% yearly.
The Revenue is expected to grow by 7.31% on average over the next years.
EPS Next Y21.4%
EPS Next 2Y21.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.36%
Revenue Next 2Y7.31%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
PGTI Yearly Revenue VS EstimatesPGTI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
PGTI Yearly EPS VS EstimatesPGTI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 20.48 indicates a rather expensive valuation of PGTI.
PGTI's Price/Earnings ratio is in line with the industry average.
PGTI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.25.
PGTI is valuated correctly with a Price/Forward Earnings ratio of 16.87.
Based on the Price/Forward Earnings ratio, PGTI is valued a bit cheaper than 64.44% of the companies in the same industry.
PGTI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.48
Fwd PE 16.87
PGTI Price Earnings VS Forward Price EarningsPGTI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PGTI is valued a bit cheaper than 64.44% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as PGTI.
Industry RankSector Rank
P/FCF 18.88
EV/EBITDA 12
PGTI Per share dataPGTI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

PGTI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PGTI's earnings are expected to grow with 21.77% in the coming years.
PEG (NY)0.96
PEG (5Y)1.78
EPS Next 2Y21.77%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

PGTI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PGT INNOVATIONS INC

NYSE:PGTI (3/27/2024, 8:04:00 PM)

After market: 42 +0.01 (+0.02%)

41.99

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-20 2024-02-20/bmo
Earnings (Next)05-09 2024-05-09/amc
Inst Owners0.14%
Inst Owner Change0%
Ins Owners23.64%
Ins Owner Change0%
Market Cap2.40B
Analysts76
Price Target42.11 (0.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-12.44%
Min EPS beat(2)-31.92%
Max EPS beat(2)7.04%
EPS beat(4)2
Avg EPS beat(4)-0.27%
Min EPS beat(4)-31.92%
Max EPS beat(4)25.92%
EPS beat(8)5
Avg EPS beat(8)6.32%
EPS beat(12)8
Avg EPS beat(12)5.33%
EPS beat(16)11
Avg EPS beat(16)13.88%
Revenue beat(2)0
Avg Revenue beat(2)-0.99%
Min Revenue beat(2)-1.02%
Max Revenue beat(2)-0.95%
Revenue beat(4)0
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)-0.95%
Revenue beat(8)3
Avg Revenue beat(8)0.61%
Revenue beat(12)4
Avg Revenue beat(12)0.6%
Revenue beat(16)8
Avg Revenue beat(16)1.84%
PT rev (1m)0%
PT rev (3m)7.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.5%
Valuation
Industry RankSector Rank
PE 20.48
Fwd PE 16.87
P/S 1.6
P/FCF 18.88
P/OCF 12.21
P/B 3.64
P/tB N/A
EV/EBITDA 12
EPS(TTM)2.05
EY4.88%
EPS(NY)2.49
Fwd EY5.93%
FCF(TTM)2.22
FCFY5.3%
OCF(TTM)3.44
OCFY8.19%
SpS26.27
BVpS11.52
TBVpS-3.81
PEG (NY)0.96
PEG (5Y)1.78
Profitability
Industry RankSector Rank
ROA 6.8%
ROE 16.27%
ROCE 12.91%
ROIC 9.64%
ROICexc 9.87%
ROICexgc 26.12%
OM 12.39%
PM (TTM) 7.14%
GM 39.27%
FCFM 8.47%
ROA(3y)4.89%
ROA(5y)4.73%
ROE(3y)12.36%
ROE(5y)11.3%
ROIC(3y)8.09%
ROIC(5y)7.91%
ROICexc(3y)8.46%
ROICexc(5y)8.49%
ROICexgc(3y)23.07%
ROICexgc(5y)24.64%
ROCE(3y)10.83%
ROCE(5y)10.58%
ROICexcg growth 3Y0.18%
ROICexcg growth 5Y-6.28%
ROICexc growth 3Y5.07%
ROICexc growth 5Y1.14%
OM growth 3Y3.28%
OM growth 5Y-1.31%
PM growth 3Y11.8%
PM growth 5Y-1.54%
GM growth 3Y2.55%
GM growth 5Y2.41%
F-Score8
Asset Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF 4.81
Debt/EBITDA 2.46
Cap/Depr 111.58%
Cap/Sales 4.62%
Interest Coverage 6.16
Cash Conversion 79.17%
Profit Quality 118.66%
Current Ratio 2.45
Quick Ratio 1.61
Altman-Z 3.34
F-Score8
WACC10.69%
ROIC/WACC0.9
Cap/Depr(3y)83.91%
Cap/Depr(5y)79.92%
Cap/Sales(3y)3.51%
Cap/Sales(5y)3.51%
Profit Quality(3y)128.11%
Profit Quality(5y)122.19%
High Growth Momentum
Growth
EPS 1Y (TTM)7.33%
EPS 3Y27.89%
EPS 5Y11.49%
EPS Q2Q%-7.41%
EPS Next Y21.4%
EPS Next 2Y21.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.82%
Revenue growth 3Y19.45%
Revenue growth 5Y16.58%
Sales Q2Q%0.48%
Revenue Next Year5.36%
Revenue Next 2Y7.31%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y8.05%
EBIT growth 3Y23.37%
EBIT growth 5Y15.05%
EBIT Next Year46.52%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-15.64%
FCF growth 3Y35.94%
FCF growth 5Y12.56%
OCF growth 1Y0.25%
OCF growth 3Y37.64%
OCF growth 5Y14.44%