PATRICK INDUSTRIES INC (PATK) Stock Fundamental Analysis
NASDAQ:PATK - Nasdaq - US7033431039 - Common Stock
PATK gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 83 industry peers in the Automobile Components industry. PATK has only an average score on both its financial health and profitability. PATK is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PATK was profitable.
PATK had a positive operating cash flow in the past year.
In the past 5 years PATK has always been profitable.
In the past 5 years PATK always reported a positive cash flow from operatings.
1.2 Ratios
PATK has a worse Return On Assets (4.95%) than 61.45% of its industry peers.
PATK's Return On Equity of 13.69% is amongst the best of the industry. PATK outperforms 90.36% of its industry peers.
PATK has a worse Return On Invested Capital (7.54%) than 62.65% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PATK is above the industry average of 9.42%.
The last Return On Invested Capital (7.54%) for PATK is well below the 3 year average (11.99%), which needs to be investigated, but indicates that PATK had better years and this may not be a problem.
| 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's Profit Margin of 4.24% is on the low side compared to the rest of the industry. PATK is outperformed by 62.65% of its industry peers.
PATK's Profit Margin has declined in the last couple of years.
The Operating Margin of PATK (7.55%) is worse than 63.86% of its industry peers.
In the last couple of years the Operating Margin of PATK has remained more or less at the same level.
Looking at the Gross Margin, with a value of 22.67%, PATK is doing worse than 67.47% of the companies in the same industry.
PATK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.55% | ||
| PM (TTM) | 4.24% | ||
| GM | 22.67% |
OM growth 3Y2.09%
OM growth 5Y-0.99%
PM growth 3Y1.82%
PM growth 5Y-4.89%
GM growth 3Y6.91%
GM growth 5Y4.18%
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.
Compared to 1 year ago, PATK has more shares outstanding
Compared to 5 years ago, PATK has more shares outstanding
The debt/assets ratio for PATK has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.04 indicates that PATK is not in any danger for bankruptcy at the moment.
The Altman-Z score of PATK (3.04) is better than 72.29% of its industry peers.
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.
PATK has a worse Debt to FCF ratio (4.96) than 65.06% of its industry peers.
PATK has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
PATK's Debt to Equity ratio of 1.22 is on the low side compared to the rest of the industry. PATK is outperformed by 87.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 3.04 |
ROIC/WACC0.9
WACC8.42%
2.3 Liquidity
PATK has a Current Ratio of 2.41. This indicates that PATK is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.41, PATK belongs to the best of the industry, outperforming 80.72% of the companies in the same industry.
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.
The Quick ratio of PATK (0.97) is worse than 81.93% 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.
The Earnings Per Share has been growing slightly by 5.86% on average over the past years.
Looking at the last year, PATK shows a small growth in Revenue. The Revenue has grown by 0.33% in the last 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 14.80% on average per year.
PATK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.32% yearly.
EPS Next Y-0.53%
EPS Next 2Y11.18%
EPS Next 3Y14.8%
EPS Next 5YN/A
Revenue Next Year6.46%
Revenue Next 2Y6.47%
Revenue Next 3Y7.32%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.49 indicates a rather expensive valuation of PATK.
Compared to the rest of the industry, the Price/Earnings ratio of PATK is on the same level as its industry peers.
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 17.64, PATK is valued on the expensive side.
Based on the Price/Forward Earnings ratio, PATK is valued a bit more expensive than 62.65% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. PATK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.49 | ||
| Fwd PE | 17.64 |
4.2 Price Multiples
66.27% of the companies in the same industry are cheaper than PATK, based on the Enterprise Value to EBITDA ratio.
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 | 11.4 | ||
| EV/EBITDA | 10.38 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PATK's earnings are expected to grow with 14.80% in the coming years.
PEG (NY)N/A
PEG (5Y)3.5
EPS Next 2Y11.18%
EPS Next 3Y14.8%
5. Dividend
5.1 Amount
PATK has a Yearly Dividend Yield of 1.74%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.18, PATK is paying slightly less dividend.
PATK's Dividend Yield is slightly below the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
5.2 History
PATK has paid a dividend for at least 10 years, which is 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)N/A
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
PATK pays out 31.62% of its income as dividend. This is a sustainable payout ratio.
DP31.62%
EPS Next 2Y11.18%
EPS Next 3Y14.8%
PATRICK INDUSTRIES INC
NASDAQ:PATK (1/21/2025, 8:19:23 PM)
After market: 95.07 0 (0%)95.07
+2.35 (+2.53%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.22%
Inst Owner Change0.13%
Ins Owners4.17%
Ins Owner Change-6.12%
Market Cap3.19B
Analysts78.75
Price Target98.12 (3.21%)
Short Float %N/A
Short Ratio6.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
Yearly Dividend1.52
Dividend Growth(5Y)N/A
DP31.62%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0%
Min EPS beat(2)-3.51%
Max EPS beat(2)3.52%
EPS beat(4)3
Avg EPS beat(4)5.1%
Min EPS beat(4)-3.51%
Max EPS beat(4)18.09%
EPS beat(8)7
Avg EPS beat(8)5.95%
EPS beat(12)11
Avg EPS beat(12)17.68%
EPS beat(16)15
Avg EPS beat(16)20.54%
Revenue beat(2)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-3.49%
Max Revenue beat(2)2.54%
Revenue beat(4)2
Avg Revenue beat(4)1.72%
Min Revenue beat(4)-3.49%
Max Revenue beat(4)8.99%
Revenue beat(8)5
Avg Revenue beat(8)1.19%
Revenue beat(12)8
Avg Revenue beat(12)3.93%
Revenue beat(16)12
Avg Revenue beat(16)5.66%
PT rev (1m)-32.25%
PT rev (3m)-27.61%
EPS NQ rev (1m)-35.26%
EPS NQ rev (3m)-73.95%
EPS NY rev (1m)0.02%
EPS NY rev (3m)-40.75%
Revenue NQ rev (1m)-1.05%
Revenue NQ rev (3m)-11.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.49 | ||
| Fwd PE | 17.64 | ||
| P/S | 0.87 | ||
| P/FCF | 11.4 | ||
| P/OCF | 9.42 | ||
| P/B | 2.83 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.38 |
EPS(TTM)4.64
EY4.88%
EPS(NY)5.39
Fwd EY5.67%
FCF(TTM)8.34
FCFY8.77%
OCF(TTM)10.09
OCFY10.61%
SpS108.65
BVpS33.62
TBVpS-14.85
PEG (NY)N/A
PEG (5Y)3.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 13.69% | ||
| ROCE | 10.05% | ||
| ROIC | 7.54% | ||
| ROICexc | 7.69% | ||
| ROICexgc | 19.47% | ||
| OM | 7.55% | ||
| PM (TTM) | 4.24% | ||
| GM | 22.67% | ||
| FCFM | 7.68% |
ROA(3y)8.62%
ROA(5y)7.5%
ROE(3y)25.78%
ROE(5y)22.54%
ROIC(3y)11.99%
ROIC(5y)10.73%
ROICexc(3y)12.29%
ROICexc(5y)11.18%
ROICexgc(3y)28.46%
ROICexgc(5y)26.21%
ROCE(3y)15.98%
ROCE(5y)14.29%
ROICexcg growth 3Y-0.72%
ROICexcg growth 5Y-9.29%
ROICexc growth 3Y-0.66%
ROICexc growth 5Y-7.06%
OM growth 3Y2.09%
OM growth 5Y-0.99%
PM growth 3Y1.82%
PM growth 5Y-4.89%
GM growth 3Y6.91%
GM growth 5Y4.18%
F-Score5
Asset Turnover1.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 4.96 | ||
| Debt/EBITDA | 3.16 | ||
| Cap/Depr | 36.66% | ||
| Cap/Sales | 1.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.71% | ||
| Profit Quality | 181.18% | ||
| Current Ratio | 2.41 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 3.04 |
F-Score5
WACC8.42%
ROIC/WACC0.9
Cap/Depr(3y)54.58%
Cap/Depr(5y)50.33%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.48%
Profit Quality(3y)143.03%
Profit Quality(5y)148.99%
High Growth Momentum
Growth
EPS 1Y (TTM)2.2%
EPS 3Y14.82%
EPS 5Y5.86%
EPS Q2Q%-2.17%
EPS Next Y-0.53%
EPS Next 2Y11.18%
EPS Next 3Y14.8%
EPS Next 5YN/A
Revenue 1Y (TTM)0.33%
Revenue growth 3Y11.73%
Revenue growth 5Y8.91%
Sales Q2Q%6.16%
Revenue Next Year6.46%
Revenue Next 2Y6.47%
Revenue Next 3Y7.32%
Revenue Next 5YN/A
EBIT growth 1Y1.94%
EBIT growth 3Y14.07%
EBIT growth 5Y7.84%
EBIT Next Year72.47%
EBIT Next 3Y29.79%
EBIT Next 5YN/A
FCF growth 1Y11.86%
FCF growth 3Y39.76%
FCF growth 5Y16.14%
OCF growth 1Y1.36%
OCF growth 3Y36.64%
OCF growth 5Y15.36%