PATRICK INDUSTRIES INC (PATK)
US7033431039 - Common Stock
Overall PATK gets a fundamental rating of 4 out of 10. We evaluated PATK against 82 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.
PATK had a positive operating cash flow in the past year.
Each year in the past 5 years PATK has been profitable.
Each year in the past 5 years PATK had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 4.95%, PATK is not doing good in the industry: 62.96% of the companies in the same industry are doing better.
PATK has a better Return On Equity (13.69%) than 88.89% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.54%, PATK is doing worse than 64.20% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PATK is above the industry average of 9.39%.
The 3 year average ROIC (11.99%) for PATK is well above the current ROIC(7.54%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 13.69% | ||
| ROIC | 7.54% |
ROA(3y)8.62%
ROA(5y)7.5%
ROE(3y)25.78%
ROE(5y)22.54%
ROIC(3y)11.99%
ROIC(5y)10.73%
1.3 Margins
PATK has a Profit Margin of 4.24%. This is in the lower half of the industry: PATK underperforms 64.20% of its industry peers.
PATK's Profit Margin has declined in the last couple of years.
PATK has a Operating Margin of 7.55%. This is in the lower half of the industry: PATK underperforms 65.43% of its industry peers.
In the last couple of years the Operating Margin of PATK has remained more or less at the same level.
The Gross Margin of PATK (22.67%) is worse than 67.90% of its industry peers.
In the last couple of years the Gross Margin of PATK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.55% | ||
| PM (TTM) | 4.24% | ||
| GM | 22.67% |
OM growth 3Y2.08%
OM growth 5Y-0.98%
PM growth 3Y1.81%
PM growth 5Y-4.89%
GM growth 3Y6.91%
GM growth 5Y4.18%
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.
The number of shares outstanding for PATK remains at a similar level compared to 1 year ago.
PATK has less shares outstanding than it did 5 years ago.
PATK has a better debt/assets ratio than last year.
2.2 Solvency
PATK has a debt to FCF ratio of 4.96. This is a neutral value as PATK would need 4.96 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.96, PATK is doing worse than 67.90% of the companies in the same industry.
A Debt/Equity ratio of 1.22 is on the high side and indicates that PATK has dependencies on debt financing.
With a Debt to Equity ratio value of 1.22, PATK is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | N/A |
ROIC/WACC0.92
WACC8.17%
2.3 Liquidity
A Current Ratio of 2.41 indicates that PATK has no problem at all paying its short term obligations.
PATK's Current ratio of 2.41 is amongst the best of the industry. PATK outperforms 81.48% of its industry peers.
PATK has a Quick Ratio of 2.41. 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's Quick ratio of 0.97 is on the low side compared to the rest of the industry. PATK is outperformed by 82.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.41 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.20% over the past year.
Measured over the past 5 years, PATK shows a small growth in Earnings Per Share. The EPS has been growing by 5.86% on average per year.
The Revenue has been growing slightly by 0.33% in the past year.
PATK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.91% yearly.
EPS 1Y (TTM)2.2%
EPS 3Y14.82%
EPS 5Y5.86%
EPS Q2Q%-2.17%
Revenue 1Y (TTM)0.33%
Revenue growth 3Y11.73%
Revenue growth 5Y8.91%
Sales Q2Q%6.16%
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 15.97% on average per year.
Based on estimates for the next years, PATK will show a small growth in Revenue. The Revenue will grow by 7.32% on average per year.
EPS Next Y4.25%
EPS Next 2Y12.39%
EPS Next 3Y15.97%
EPS Next 5YN/A
Revenue Next Year6.88%
Revenue Next 2Y7.15%
Revenue Next 3Y7.32%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
PATK is valuated rather expensively with a Price/Earnings ratio of 19.15.
Compared to the rest of the industry, the Price/Earnings ratio of PATK is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.96, PATK is valued a bit cheaper.
A Price/Forward Earnings ratio of 16.13 indicates a correct valuation of PATK.
PATK's Price/Forward 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.
When comparing the Price/Forward Earnings ratio of PATK to the average of the S&P500 Index (23.82), we can say PATK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.15 | ||
| Fwd PE | 16.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PATK is valued a bit more expensive than 65.43% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PATK is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.65 | ||
| EV/EBITDA | 9.9 |
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 15.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.5
PEG (5Y)3.27
EPS Next 2Y12.39%
EPS Next 3Y15.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.68%, PATK has a reasonable but not impressive dividend return.
PATK's Dividend Yield is comparable with the industry average which is at 4.30.
Compared to the average S&P500 Dividend Yield of 2.23, PATK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
5.2 History
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 last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
7.66% of the earnings are spent on dividend by PATK. This is a low number and sustainable payout ratio.
DP7.66%
EPS Next 2Y12.39%
EPS Next 3Y15.97%
PATRICK INDUSTRIES INC
NASDAQ:PATK (11/21/2024, 8:00:02 PM)
After market: 133.26 0 (0%)133.26
+2.48 (+1.9%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.99B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.15 | ||
| Fwd PE | 16.13 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)4.5
PEG (5Y)3.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 13.69% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.55% | ||
| PM (TTM) | 4.24% | ||
| GM | 22.67% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.41 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)2.2%
EPS 3Y14.82%
EPS 5Y
EPS Q2Q%
EPS Next Y4.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.33%
Revenue growth 3Y11.73%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y