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. 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.
In the past year PATK had a positive cash flow from operations.
PATK had positive earnings in each of the past 5 years.
PATK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PATK's Return On Assets of 4.95% is on the low side compared to the rest of the industry. PATK is outperformed by 62.20% of its industry peers.
PATK has a Return On Equity of 13.69%. This is amongst the best in the industry. PATK outperforms 90.24% of its industry peers.
PATK has a Return On Invested Capital of 7.54%. This is in the lower half of the industry: PATK underperforms 63.41% of its industry peers.
PATK had an Average Return On Invested Capital over the past 3 years of 11.99%. This is above the industry average of 9.42%.
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
With a Profit Margin value of 4.24%, PATK is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
PATK's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 7.55%, PATK is not doing good in the industry: 64.63% of the companies in the same industry are doing better.
PATK's Operating Margin has been stable in the last couple of years.
PATK has a worse Gross Margin (22.67%) than 68.29% 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
PATK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
PATK has about the same amout of shares outstanding than it did 1 year ago.
PATK has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PATK has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.92 indicates that PATK is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.92, PATK is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
The Debt to FCF ratio of PATK is 4.96, which is a neutral value as it means it would take PATK, 4.96 years of fcf income to pay off all of its debts.
PATK has a Debt to FCF ratio of 4.96. This is in the lower half of the industry: PATK underperforms 65.85% 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.
With a Debt to Equity ratio value of 1.22, PATK is not doing good in the industry: 87.80% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 2.92 |
ROIC/WACC0.93
WACC8.09%
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.
PATK's Current ratio of 2.41 is amongst the best of the industry. PATK outperforms 80.49% 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.
Looking at the Quick ratio, with a value of 0.97, PATK is doing worse than 82.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.41 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
PATK shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.20%.
The Earnings Per Share has been growing slightly by 5.86% on average over the past years.
The Revenue has been growing slightly by 0.33% in the past year.
Measured over the past years, PATK shows a quite strong growth in Revenue. The Revenue has been growing by 8.91% on average per year.
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
PATK is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.28% yearly.
The Revenue is expected to grow by 7.32% on average over the next years.
EPS Next Y-33.7%
EPS Next 2Y-9.32%
EPS Next 3Y0.28%
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 decreasing.
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
Based on the Price/Earnings ratio of 11.91, the valuation of PATK can be described as reasonable.
The rest of the industry has a similar Price/Earnings ratio as PATK.
PATK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
The Price/Forward Earnings ratio is 15.41, which 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 60.98% of the companies in the same industry.
PATK's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.91 | ||
| Fwd PE | 15.41 |
4.2 Price Multiples
PATK's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. PATK is more expensive than 65.85% 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 | 9.94 | ||
| EV/EBITDA | 9.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.03
EPS Next 2Y-9.32%
EPS Next 3Y0.28%
5. Dividend
5.1 Amount
PATK has a Yearly Dividend Yield of 1.92%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.23, PATK has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, PATK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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 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 2Y-9.32%
EPS Next 3Y0.28%
PATRICK INDUSTRIES INC
NASDAQ:PATK (12/20/2024, 8:00:02 PM)
After market: 82.89 0 (0%)82.89
-0.63 (-0.75%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners102.22%
Inst Owner Change1.49%
Ins Owners4.17%
Ins Owner Change-6.12%
Market Cap2.79B
Analysts78.75
Price TargetN/A
Short Float %N/A
Short Ratio6.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
Dividend Growth(5Y)N/A
DP31.62%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0%
Min EPS beat(2)-3.52%
Max EPS beat(2)3.52%
EPS beat(4)3
Avg EPS beat(4)5.1%
Min EPS beat(4)-3.52%
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)0.57%
PT rev (3m)9.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-59.75%
EPS NY rev (1m)-36.41%
EPS NY rev (3m)-40.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.26%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-1.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.91 | ||
| Fwd PE | 15.41 | ||
| P/S | 0.76 | ||
| P/FCF | 9.94 | ||
| P/OCF | 8.21 | ||
| P/B | 2.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.45 |
EPS(TTM)6.96
EY8.4%
EPS(NY)5.38
Fwd EY6.49%
FCF(TTM)8.34
FCFY10.06%
OCF(TTM)10.09
OCFY12.17%
SpS108.65
BVpS33.62
TBVpS-14.85
PEG (NY)N/A
PEG (5Y)2.03
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-0.73%
ROICexcg growth 5Y-9.29%
ROICexc growth 3Y-0.68%
ROICexc growth 5Y-7.05%
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%
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 | 2.92 |
F-Score5
WACC8.09%
ROIC/WACC0.93
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)148.97%
High Growth Momentum
Growth
EPS 1Y (TTM)2.2%
EPS 3Y14.82%
EPS 5Y5.86%
EPS Q2Q%-2.17%
EPS Next Y-33.7%
EPS Next 2Y-9.32%
EPS Next 3Y0.28%
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 1Y1.95%
EBIT growth 3Y14.05%
EBIT growth 5Y7.84%
EBIT Next Year73.17%
EBIT Next 3Y29.93%
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%