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Intrinsic value of Patrick Industries, Inc. (PATK)

Previous Close$57.31
Intrinsic Value
Upside potential
Previous Close
$57.31
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh61.95 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Patrick Industries, Inc. manufactures and distributes building products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, walls, countertops, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication products; RV paintings; fabricated aluminum products; decorative vinyl and paper laminated panels; fiberglass and plastic components; softwoods lumber; custom cabinets; polymer-based flooring products; and electrical systems and components, including instrument and dash panels, and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moldings; interior passage doors; slide-out trim and fascia products; thermoformed shower surrounds; specialty bath and closet building products; fiberglass and plastic helm systems and components; wiring and wire harnesses; aluminum fuel tanks; boat covers, towers, tops, and frames; CNC molds and composite parts; and slotwall panels and components. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, audio systems components, appliances, wiring products, electrical and plumbing products, cement siding products, raw and processed lumber, fiber reinforced polyester products, interior passage doors, roofing products, laminate and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. It offers its products through a network of manufacturing and distribution centers. The company was founded in 1959 and is headquartered in Elkhart, Indiana.

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FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %64.0NaN
Revenue, $4078NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m3726NaN
Operating income, $m352NaN
EBITDA, $m457NaN
Interest expense (income), $mNaN
Earnings before tax, $m294NaN
Tax expense, $m69NaN
Net income, $m225NaN

BALANCE SHEET

Cash and short-term investments, $m123NaN
Total assets, $m2651NaN
Adjusted assets (=assets-cash), $m2528NaN
Average production assets, $m1446NaN
Working capital, $m541NaN
Total debt, $m1447NaN
Total liabilities, $m1883NaN
Total equity, $m768NaN
Debt-to-equity ratio1.884NaN
Adjusted equity ratio0.274NaN

CASH FLOW

Net income, $m225NaN
Depreciation, amort., depletion, $m105NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m252NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-65NaN
Free cash flow, $m317NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m541
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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