Patrick Industries Inc
NASDAQ:PATK

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Patrick Industries Inc
NASDAQ:PATK
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Price: 135.45 USD 1.64% Market Closed
Market Cap: 3B USD
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Intrinsic Value

The intrinsic value of one PATK stock under the Base Case scenario is 77.78 USD. Compared to the current market price of 135.45 USD, Patrick Industries Inc is Overvalued by 43%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

PATK Intrinsic Value
77.78 USD
Overvaluation 43%
Intrinsic Value
Price
Base Case Scenario

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Patrick Industries Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Patrick Industries Inc

Current Assets 913m
Cash & Short-Term Investments 52.6m
Receivables 255.4m
Other Current Assets 605m
Non-Current Assets 2.2B
PP&E 574.5m
Intangibles 1.6B
Other Non-Current Assets 7.2m
Current Liabilities 379.2m
Accounts Payable 189.3m
Accrued Liabilities 178.7m
Other Current Liabilities 11.3m
Non-Current Liabilities 1.6B
Long-Term Debt 1.4B
Other Non-Current Liabilities 236.6m
Efficiency

Earnings Waterfall
Patrick Industries Inc

Revenue
3.7B USD
Cost of Revenue
-2.8B USD
Gross Profit
827.6m USD
Operating Expenses
-551.8m USD
Operating Income
275.8m USD
Other Expenses
-121.1m USD
Net Income
154.7m USD

Free Cash Flow Analysis
Patrick Industries Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

In Q3, Patrick Industries reported a 6% revenue increase to $919 million, driven by a 13% rise in housing revenue, offsetting declines in marine and RV sectors. Net income grew 3% to $41 million, with adjusted EBITDA up 7% to $121 million. Recent acquisitions, including RecPro, are expected to enhance aftermarket growth. Despite an uncertain market, RV shipments are forecasted to be at the lower end of 320,000-330,000 units with retail down 8-10%. For 2025, they anticipate improvements, predicting RV retail to be flat and marine shipments to rise 5-10%, with operating margins projected to improve 70-90 basis points.

What is Earnings Call?
Fundamental Scores

PATK Profitability Score
Profitability Due Diligence

Patrick Industries Inc's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Positive Free Cash Flow
Positive Gross Profit
Positive Revenue Growth Forecast
52/100
Profitability
Score

Patrick Industries Inc's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

PATK Solvency Score
Solvency Due Diligence

Patrick Industries Inc's solvency score is 48/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Average Altman Z-Score
Average D/E
48/100
Solvency
Score

Patrick Industries Inc's solvency score is 48/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

PATK Price Targets Summary
Patrick Industries Inc

Wall Street analysts forecast PATK stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PATK is 144.84 USD with a low forecast of 95.95 USD and a high forecast of 176.4 USD.

Lowest
Price Target
95.95 USD
29% Downside
Average
Price Target
144.84 USD
7% Upside
Highest
Price Target
176.4 USD
30% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
Growth 3Y
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Growth 10Y
Dividend Safety Score
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0
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Shareholder Yield

Current shareholder yield for PATK is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Ownership

PATK Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
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12 Months
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PATK News

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Profile

Patrick Industries Inc Logo
Patrick Industries Inc

Country

United States of America

Industry

Auto Components

Market Cap

3B USD

Dividend Yield

1.08%

Description

Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. The company is headquartered in Elkhart, Indiana and currently employs 11,000 full-time employees. Its Manufacturing segment includes laminated products for furniture, shelving, walls and countertops; decorative vinyl, wrapped vinyl, paper laminated panels and vinyl printing; solid surface, granite and quartz countertops; fabricated aluminum products; and other products. Its Distribution segment provides pre-finished wall and ceiling panels, drywall and drywall finishing products, interior and exterior lighting products, wiring, electrical and plumbing products, transportation and logistics services and other products. The firm operates through a network that includes approximately 174 manufacturing plants and 64 warehouse and distribution facilities located in 23 states with presence in China and Canada.

Contact

INDIANA
Elkhart
107 West Franklin Street Po Box 638, 107 W Franklin St
+15742947511.0
patrickind.com

IPO

1980-03-17

Employees

11 000

Officers

CEO & Chairman of the Board
Mr. Andy L. Nemeth
Senior VP of Finance, Corporate Controller & Chief Accounting Officer
Mr. Matthew S. Filer
Executive VP, Chief Legal Officer & Secretary
Attorney Joel D. Duthie
President of RV
Mr. Jeffrey M. Rodino
President of Powersports, Technology & Housing
Mr. Kip B. Ellis
CFO, Executive VP of Finance & Treasurer
Mr. Andrew C. Roeder
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Executive Vice President of Operations & Chief Operating Officer
Mr. Hugo E. Gonzalez
Vice President of Investor Relations
Steve O'Hara
Executive Vice President of Sales & Chief Sales Officer
Mr. Charlie R. Roeder
Executive VP of Human Resources & Chief Human Resources Officer
Ms. Stacey L. Amundson
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See Also

Discover More
What is the Intrinsic Value of one PATK stock?

The intrinsic value of one PATK stock under the Base Case scenario is 77.78 USD.

Is PATK stock undervalued or overvalued?

Compared to the current market price of 135.45 USD, Patrick Industries Inc is Overvalued by 43%.

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