Builders Firstsource Inc
BLDR
Market Cap$14.21B
Close$
Earnings Call Q3 2024
November 5, 2024 - AI Summary
**Third Quarter Performance**: Builders FirstSource (BFS) reported net sales of $4.2 billion, a decline of 6.7% year-over-year due to a 7.2% decrease in core organic sales and 2.9% commodity deflation. However, the company maintained strong gross margins of approximately 32.8%, underscoring its resilient business model.
**2024 Guidance**: For 2024, BFS narrowed its net sales guidance to $16.25 billion to $16.55 billion and adjusted EBITDA to $2.25 billion to $2.35 billion, reflecting a forecasted gross margin range of 32% to 33%. This guidance assumes normalized single-family starts of 1 million to 1.1 million, but underlying conditions show potential market challenges.
**Market Challenges**: The company faced significant headwinds, particularly in the multifamily segment, which saw a 31% decline due to affordability issues and lapping strong prior-year comparisons. Building activity remains mixed, with builders undertaking measures to manage costs and improve affordability.
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$316.38
146.1% upside
Current Fair Value
146.1% upsideUndervalued by 146.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $14.21 Billion |
|---|---|
| Enterprise Value | $15.78 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $9.13 |
| Beta | 1.63 |
| Outstanding Shares | 110,922,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 18.85 |
|---|---|
| PEG | -40.78 |
| Price to Sales | 0.9 |
| Price to Book Ratio | 3.47 |
| Enterprise Value to Revenue | 0.99 |
| Enterprise Value to EBIT | 12.81 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 0.4 |
Revenue Sources
No data
Insider Trades
ESG Score
No data