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 81 industry peers in the Automobile Components industry. PATK has a medium profitability rating, but doesn't score so well on its financial health evaluation. PATK has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PATK had positive earnings in the past year.
In the past year PATK had a positive cash flow from operations.
In the past 5 years PATK has always been profitable.
Each year in the past 5 years PATK had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.58%, PATK is doing worse than 60.49% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.27%, PATK belongs to the top of the industry, outperforming 90.12% of the companies in the same industry.
With a Return On Invested Capital value of 7.36%, PATK is not doing good in the industry: 64.20% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for PATK is in line with the industry average of 8.88%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.58% | ||
| ROE | 12.27% | ||
| ROIC | 7.36% |
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
PATK has a worse Profit Margin (3.72%) than 61.73% of its industry peers.
PATK's Profit Margin has been stable in the last couple of years.
The Operating Margin of PATK (6.94%) is worse than 64.20% of its industry peers.
In the last couple of years the Operating Margin of PATK has remained more or less at the same level.
PATK has a worse Gross Margin (22.50%) than 66.67% of its industry peers.
PATK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.94% | ||
| PM (TTM) | 3.72% | ||
| GM | 22.5% |
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.
Compared to 5 years ago, PATK has more shares outstanding
PATK has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.97 indicates that PATK is not a great score, but indicates only limited risk for bankruptcy at the moment.
PATK has a Altman-Z score of 2.97. This is in the better half of the industry: PATK outperforms 70.37% of its industry peers.
PATK has a debt to FCF ratio of 5.25. This is a neutral value as PATK would need 5.25 years to pay back of all of its debts.
PATK has a worse Debt to FCF ratio (5.25) than 65.43% of its industry peers.
PATK has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external financing.
PATK's Debt to Equity ratio of 1.16 is on the low side compared to the rest of the industry. PATK is outperformed by 86.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 5.25 | ||
| Altman-Z | 2.97 |
ROIC/WACC0.83
WACC8.86%
2.3 Liquidity
A Current Ratio of 2.33 indicates that PATK has no problem at all paying its short term obligations.
PATK has a better Current ratio (2.33) than 77.78% of its industry peers.
A Quick Ratio of 0.77 indicates that PATK may have some problems paying its short term obligations.
PATK has a Quick ratio of 0.77. This is amonst the worse of the industry: PATK underperforms 86.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for PATK have decreased by -5.50% in the last year.
PATK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.87% yearly.
PATK shows a small growth in Revenue. In the last year, the Revenue has grown by 7.14%.
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)-5.5%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%-55.32%
Revenue 1Y (TTM)7.14%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%8.31%
3.2 Future
The Earnings Per Share is expected to grow by 24.37% on average over the next years. This is a very strong growth
Based on estimates for the next years, PATK will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y29.04%
EPS Next 2Y24.37%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.05%
Revenue Next 2Y6.78%
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
The Price/Earnings ratio is 19.24, which indicates a rather expensive current valuation of PATK.
Based on the Price/Earnings ratio, PATK is valued a bit more expensive than the industry average as 64.20% of the companies are valued more cheaply.
PATK is valuated rather cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.91, PATK is valued correctly.
Based on the Price/Forward Earnings ratio, PATK is valued a bit more expensive than 61.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.08. PATK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.24 | ||
| Fwd PE | 14.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PATK is valued a bit more expensive than the industry average as 67.90% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as PATK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.59 | ||
| EV/EBITDA | 9.29 |
4.3 Compensation for Growth
PATK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PATK's earnings are expected to grow with 24.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)1.95
EPS Next 2Y24.37%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PATK has a Yearly Dividend Yield of 2.02%. Purely for dividend investing, there may be better candidates out there.
PATK's Dividend Yield is comparable with the industry average which is at 4.85.
Compared to the average S&P500 Dividend Yield of 2.57, PATK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
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
36.26% 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.
DP36.26%
EPS Next 2Y24.37%
EPS Next 3YN/A
79.28
+0.05 (+0.06%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.9%
Inst Owner Change0%
Ins Owners4.05%
Ins Owner Change-1.36%
Market Cap2.66B
Analysts78.75
Price Target106.18 (33.93%)
Short Float %9.71%
Short Ratio8.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend1.5
Dividend Growth(5Y)43.7%
DP36.26%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.65%
Min EPS beat(2)-19.79%
Max EPS beat(2)-3.51%
EPS beat(4)2
Avg EPS beat(4)-0.42%
Min EPS beat(4)-19.79%
Max EPS beat(4)18.09%
EPS beat(8)6
Avg EPS beat(8)3%
EPS beat(12)10
Avg EPS beat(12)13.57%
EPS beat(16)14
Avg EPS beat(16)18.59%
Revenue beat(2)1
Avg Revenue beat(2)-0.89%
Min Revenue beat(2)-3.49%
Max Revenue beat(2)1.71%
Revenue beat(4)3
Avg Revenue beat(4)2.44%
Min Revenue beat(4)-3.49%
Max Revenue beat(4)8.99%
Revenue beat(8)5
Avg Revenue beat(8)1.38%
Revenue beat(12)8
Avg Revenue beat(12)3.1%
Revenue beat(16)12
Avg Revenue beat(16)5.25%
PT rev (1m)0%
PT rev (3m)8.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.3%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.24 | ||
| Fwd PE | 14.91 | ||
| P/S | 0.72 | ||
| P/FCF | 10.59 | ||
| P/OCF | 8.14 | ||
| P/B | 2.36 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.29 |
EPS(TTM)4.12
EY5.2%
EPS(NY)5.32
Fwd EY6.71%
FCF(TTM)7.48
FCFY9.44%
OCF(TTM)9.74
OCFY12.28%
SpS110.72
BVpS33.62
TBVpS-14.06
PEG (NY)0.66
PEG (5Y)1.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.58% | ||
| ROE | 12.27% | ||
| ROCE | 9.67% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.46% | ||
| ROICexgc | 19% | ||
| OM | 6.94% | ||
| PM (TTM) | 3.72% | ||
| GM | 22.5% | ||
| FCFM | 6.76% |
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-Score4
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 5.25 | ||
| Debt/EBITDA | 3.09 | ||
| Cap/Depr | 45.44% | ||
| Cap/Sales | 2.04% | ||
| Interest Coverage | 3.4 | ||
| Cash Conversion | 76.98% | ||
| Profit Quality | 181.47% | ||
| Current Ratio | 2.33 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 2.97 |
F-Score4
WACC8.86%
ROIC/WACC0.83
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)-5.5%
EPS 3Y-13.74%
EPS 5Y9.87%
EPS Q2Q%-55.32%
EPS Next Y29.04%
EPS Next 2Y24.37%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.14%
Revenue growth 3Y-3.05%
Revenue growth 5Y9.72%
Sales Q2Q%8.31%
Revenue Next Year7.05%
Revenue Next 2Y6.78%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-0.83%
EBIT growth 3Y-9.81%
EBIT growth 5Y10.81%
EBIT Next Year85.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-28.18%
FCF growth 3Y10.27%
FCF growth 5Y8.81%
OCF growth 1Y-20.02%
OCF growth 3Y9.04%
OCF growth 5Y11.18%