Financial Review: Patrick Industries (PATK) versus The Competition

Patrick Industries (NASDAQ: PATK) is one of 6 public companies in the “Millwork, veneer, plywood, & structural wood members” industry, but how does it compare to its peers? We will compare Patrick Industries to similar businesses based on the strength of its institutional ownership, risk, earnings, valuation, dividends, analyst recommendations and profitability.

Analyst Ratings

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This is a breakdown of current ratings for Patrick Industries and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Patrick Industries 0 1 3 0 2.75
Patrick Industries Competitors 31 175 300 6 2.55

Patrick Industries presently has a consensus price target of $75.75, indicating a potential upside of 26.46%. As a group, “Millwork, veneer, plywood, & structural wood members” companies have a potential upside of 31.04%. Given Patrick Industries’ peers higher probable upside, analysts clearly believe Patrick Industries has less favorable growth aspects than its peers.

Institutional & Insider Ownership

88.0% of Patrick Industries shares are owned by institutional investors. Comparatively, 73.6% of shares of all “Millwork, veneer, plywood, & structural wood members” companies are owned by institutional investors. 5.2% of Patrick Industries shares are owned by insiders. Comparatively, 13.9% of shares of all “Millwork, veneer, plywood, & structural wood members” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Volatility & Risk

Patrick Industries has a beta of 0.83, suggesting that its share price is 17% less volatile than the S&P 500. Comparatively, Patrick Industries’ peers have a beta of 1.67, suggesting that their average share price is 67% more volatile than the S&P 500.

Valuation & Earnings

This table compares Patrick Industries and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Patrick Industries $1.64 billion $85.71 million 18.87
Patrick Industries Competitors $3.03 billion $153.46 million 20.20

Patrick Industries’ peers have higher revenue and earnings than Patrick Industries. Patrick Industries is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Patrick Industries and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Patrick Industries 5.24% 23.60% 10.86%
Patrick Industries Competitors 4.81% 203.28% 8.02%

Summary

Patrick Industries peers beat Patrick Industries on 8 of the 13 factors compared.

Patrick Industries Company Profile

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; 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; 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, 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. It also offers transportation and logistics services. Patrick Industries, Inc. offers its products through a network of manufacturing and distribution centers. The company was founded in 1959 and is based in Elkhart, Indiana.

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