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PGT INNOVATIONS INC (PGTI) Stock Fundamental Analysis

NYSE:PGTI - US69336V1017 - Common Stock

41.99 USD
0 (0%)
Last: 3/27/2024, 8:04:00 PM
42 USD
+0.01 (+0.02%)
After Hours: 3/27/2024, 8:04:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to PGTI. PGTI was compared to 41 industry peers in the Building Products industry. PGTI has an average financial health and profitability rating. 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

Looking at the Return On Assets, with a value of 6.80%, PGTI is in line with its industry, outperforming 51.11% of the companies in the same industry.
The Return On Equity of PGTI (16.27%) is comparable to the rest of the industry.
PGTI has a Return On Invested Capital (9.64%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for PGTI is below the industry average of 12.73%.
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

Looking at the Profit Margin, with a value of 7.14%, PGTI is in line with its industry, outperforming 46.67% of the companies in the same industry.
In the last couple of years the Profit Margin of PGTI has declined.
PGTI has a Operating Margin of 12.39%. This is comparable to the rest of the industry: PGTI outperforms 53.33% of its industry peers.
In the last couple of years the Operating Margin of PGTI has remained more or less at the same level.
With a decent Gross Margin value of 39.27%, PGTI is doing good in the industry, outperforming 77.78% of the companies in the same industry.
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

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PGTI is destroying value.
Compared to 1 year ago, PGTI has less shares outstanding
The number of shares outstanding for PGTI has been reduced compared to 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

An Altman-Z score of 3.34 indicates that PGTI is not in any danger for bankruptcy at the moment.
PGTI's Altman-Z score of 3.34 is on the low side compared to the rest of the industry. PGTI is outperformed by 62.22% of its industry peers.
The Debt to FCF ratio of PGTI is 4.81, which is a neutral value as it means it would take PGTI, 4.81 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 4.81, PGTI is not doing good in the industry: 71.11% of the companies in the same industry are doing better.
PGTI has a Debt/Equity ratio of 0.93. This is a neutral value indicating PGTI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.93, PGTI is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
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

A Current Ratio of 2.45 indicates that PGTI has no problem at all paying its short term obligations.
PGTI's Current ratio of 2.45 is in line compared to the rest of the industry. PGTI outperforms 60.00% of its industry peers.
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's Quick ratio of 1.61 is fine compared to the rest 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%.
PGTI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.49% yearly.
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

The Earnings Per Share is expected to grow by 21.77% on average over the next years. This is a very strong growth
PGTI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.31% yearly.
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.
The rest of the industry has a similar Price/Earnings ratio as PGTI.
When comparing the Price/Earnings ratio of PGTI to the average of the S&P500 Index (27.06), we can say PGTI is valued slightly cheaper.
The Price/Forward Earnings ratio is 16.87, which indicates a correct valuation of PGTI.
64.44% of the companies in the same industry are more expensive than PGTI, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.69. PGTI is valued slightly cheaper when compared to this.
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 10 20 30 40

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

No dividends for PGTI!.
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%