Intrinsic value of Patrick Industries - PATK

Previous Close

$65.70

  Intrinsic Value

$127.94

stock screener

  Rating & Target

str. buy

+95%

Previous close

$65.70

 
Intrinsic value

$127.94

 
Up/down potential

+95%

 
Rating

str. buy

We calculate the intrinsic value of PATK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  32.83
  32.80
  30.02
  27.52
  25.27
  23.24
  21.42
  19.77
  18.30
  16.97
  15.77
  14.69
  13.72
  12.85
  12.07
  11.36
  10.72
  10.15
  9.64
  9.17
  8.76
  8.38
  8.04
  7.74
  7.46
  7.22
  7.00
  6.80
  6.62
  6.45
  6.31
Revenue, $m
  1,222
  1,623
  2,110
  2,691
  3,370
  4,154
  5,043
  6,040
  7,146
  8,358
  9,676
  11,098
  12,621
  14,243
  15,962
  17,775
  19,681
  21,679
  23,768
  25,948
  28,220
  30,585
  33,044
  35,601
  38,258
  41,020
  43,889
  46,872
  49,973
  53,199
  56,556
Variable operating expenses, $m
 
  1,496
  1,942
  2,473
  3,095
  3,812
  4,626
  5,538
  6,549
  7,659
  8,865
  10,155
  11,548
  13,032
  14,605
  16,264
  18,008
  19,836
  21,748
  23,742
  25,821
  27,985
  30,235
  32,575
  35,006
  37,533
  40,159
  42,888
  45,726
  48,677
  51,748
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,131
  1,496
  1,942
  2,473
  3,095
  3,812
  4,626
  5,538
  6,549
  7,659
  8,865
  10,155
  11,548
  13,032
  14,605
  16,264
  18,008
  19,836
  21,748
  23,742
  25,821
  27,985
  30,235
  32,575
  35,006
  37,533
  40,159
  42,888
  45,726
  48,677
  51,748
Operating income, $m
  91
  127
  168
  218
  275
  342
  418
  502
  596
  699
  811
  943
  1,073
  1,211
  1,357
  1,511
  1,673
  1,843
  2,020
  2,206
  2,399
  2,600
  2,809
  3,026
  3,252
  3,487
  3,731
  3,984
  4,248
  4,522
  4,807
EBITDA, $m
  115
  159
  207
  264
  330
  407
  494
  592
  701
  819
  949
  1,088
  1,237
  1,396
  1,565
  1,743
  1,929
  2,125
  2,330
  2,544
  2,767
  2,998
  3,240
  3,490
  3,751
  4,021
  4,303
  4,595
  4,899
  5,216
  5,545
Interest expense (income), $m
  7
  9
  13
  18
  24
  30
  38
  47
  57
  68
  80
  93
  107
  122
  138
  155
  172
  191
  211
  231
  253
  275
  299
  323
  348
  374
  401
  430
  459
  489
  521
Earnings before tax, $m
  84
  118
  155
  200
  252
  312
  379
  455
  540
  632
  732
  851
  966
  1,089
  1,219
  1,356
  1,501
  1,652
  1,810
  1,974
  2,146
  2,325
  2,510
  2,703
  2,904
  3,113
  3,329
  3,555
  3,789
  4,033
  4,286
Tax expense, $m
  28
  32
  42
  54
  68
  84
  102
  123
  146
  171
  198
  230
  261
  294
  329
  366
  405
  446
  489
  533
  579
  628
  678
  730
  784
  840
  899
  960
  1,023
  1,089
  1,157
Net income, $m
  56
  86
  113
  146
  184
  227
  277
  332
  394
  461
  534
  621
  705
  795
  890
  990
  1,095
  1,206
  1,321
  1,441
  1,566
  1,697
  1,833
  1,973
  2,120
  2,272
  2,430
  2,595
  2,766
  2,944
  3,129

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  535
  703
  913
  1,165
  1,459
  1,798
  2,183
  2,615
  3,093
  3,618
  4,189
  4,804
  5,464
  6,166
  6,910
  7,695
  8,520
  9,385
  10,289
  11,233
  12,216
  13,240
  14,305
  15,412
  16,562
  17,757
  19,000
  20,291
  21,634
  23,030
  24,483
Adjusted assets (=assets-cash), $m
  529
  703
  913
  1,165
  1,459
  1,798
  2,183
  2,615
  3,093
  3,618
  4,189
  4,804
  5,464
  6,166
  6,910
  7,695
  8,520
  9,385
  10,289
  11,233
  12,216
  13,240
  14,305
  15,412
  16,562
  17,757
  19,000
  20,291
  21,634
  23,030
  24,483
Revenue / Adjusted assets
  2.310
  2.309
  2.311
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
  2.310
Average production assets, $m
  179
  237
  308
  393
  492
  606
  736
  882
  1,043
  1,220
  1,413
  1,620
  1,843
  2,079
  2,330
  2,595
  2,873
  3,165
  3,470
  3,788
  4,120
  4,465
  4,824
  5,198
  5,586
  5,989
  6,408
  6,843
  7,296
  7,767
  8,257
Working capital, $m
  87
  128
  167
  213
  266
  328
  398
  477
  565
  660
  764
  877
  997
  1,125
  1,261
  1,404
  1,555
  1,713
  1,878
  2,050
  2,229
  2,416
  2,610
  2,812
  3,022
  3,241
  3,467
  3,703
  3,948
  4,203
  4,468
Total debt, $m
  273
  380
  517
  680
  871
  1,092
  1,342
  1,623
  1,934
  2,275
  2,646
  3,046
  3,474
  3,931
  4,414
  4,925
  5,461
  6,023
  6,611
  7,224
  7,864
  8,529
  9,221
  9,941
  10,688
  11,465
  12,273
  13,112
  13,985
  14,892
  15,837
Total liabilities, $m
  350
  457
  594
  757
  948
  1,169
  1,419
  1,700
  2,011
  2,352
  2,723
  3,123
  3,551
  4,008
  4,491
  5,002
  5,538
  6,100
  6,688
  7,301
  7,941
  8,606
  9,298
  10,018
  10,765
  11,542
  12,350
  13,189
  14,062
  14,969
  15,914
Total equity, $m
  185
  246
  320
  408
  511
  629
  764
  915
  1,083
  1,266
  1,466
  1,682
  1,912
  2,158
  2,418
  2,693
  2,982
  3,285
  3,601
  3,932
  4,276
  4,634
  5,007
  5,394
  5,797
  6,215
  6,650
  7,102
  7,572
  8,060
  8,569
Total liabilities and equity, $m
  535
  703
  914
  1,165
  1,459
  1,798
  2,183
  2,615
  3,094
  3,618
  4,189
  4,805
  5,463
  6,166
  6,909
  7,695
  8,520
  9,385
  10,289
  11,233
  12,217
  13,240
  14,305
  15,412
  16,562
  17,757
  19,000
  20,291
  21,634
  23,029
  24,483
Debt-to-equity ratio
  1.476
  1.540
  1.620
  1.670
  1.710
  1.730
  1.760
  1.770
  1.790
  1.800
  1.800
  1.810
  1.820
  1.820
  1.830
  1.830
  1.830
  1.830
  1.840
  1.840
  1.840
  1.840
  1.840
  1.840
  1.840
  1.840
  1.850
  1.850
  1.850
  1.850
  1.850
Adjusted equity ratio
  0.338
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350
  0.350

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  56
  86
  113
  146
  184
  227
  277
  332
  394
  461
  534
  621
  705
  795
  890
  990
  1,095
  1,206
  1,321
  1,441
  1,566
  1,697
  1,833
  1,973
  2,120
  2,272
  2,430
  2,595
  2,766
  2,944
  3,129
Depreciation, amort., depletion, $m
  24
  32
  39
  46
  55
  65
  77
  90
  104
  120
  137
  145
  165
  186
  208
  232
  257
  283
  310
  338
  368
  399
  431
  464
  499
  535
  572
  611
  651
  693
  737
Funds from operations, $m
  107
  118
  152
  192
  239
  293
  354
  422
  498
  581
  671
  766
  870
  981
  1,098
  1,222
  1,352
  1,488
  1,631
  1,779
  1,934
  2,096
  2,263
  2,438
  2,619
  2,807
  3,003
  3,206
  3,417
  3,637
  3,866
Change in working capital, $m
  10
  32
  38
  46
  54
  62
  70
  79
  87
  96
  104
  112
  120
  128
  136
  143
  151
  158
  165
  172
  179
  187
  194
  202
  210
  218
  227
  236
  245
  255
  265
Cash from operations, $m
  97
  86
  113
  146
  185
  231
  283
  343
  411
  485
  567
  653
  750
  853
  962
  1,079
  1,201
  1,330
  1,466
  1,607
  1,755
  1,909
  2,069
  2,236
  2,409
  2,589
  2,776
  2,970
  3,172
  3,382
  3,601
Maintenance CAPEX, $m
  0
  -16
  -21
  -28
  -35
  -44
  -54
  -66
  -79
  -93
  -109
  -126
  -145
  -165
  -186
  -208
  -232
  -257
  -283
  -310
  -338
  -368
  -399
  -431
  -464
  -499
  -535
  -572
  -611
  -651
  -693
New CAPEX, $m
  -15
  -58
  -71
  -85
  -99
  -114
  -130
  -146
  -161
  -177
  -192
  -208
  -222
  -237
  -251
  -265
  -278
  -292
  -305
  -318
  -332
  -345
  -359
  -373
  -388
  -403
  -419
  -435
  -453
  -471
  -490
Cash from investing activities, $m
  -154
  -74
  -92
  -113
  -134
  -158
  -184
  -212
  -240
  -270
  -301
  -334
  -367
  -402
  -437
  -473
  -510
  -549
  -588
  -628
  -670
  -713
  -758
  -804
  -852
  -902
  -954
  -1,007
  -1,064
  -1,122
  -1,183
Free cash flow, $m
  -57
  12
  21
  34
  51
  72
  99
  132
  171
  215
  266
  320
  382
  451
  526
  606
  691
  782
  878
  979
  1,085
  1,196
  1,311
  1,432
  1,557
  1,687
  1,822
  1,963
  2,109
  2,260
  2,417
Issuance/(repayment) of debt, $m
  69
  113
  137
  163
  191
  220
  250
  281
  311
  341
  371
  400
  429
  456
  484
  510
  536
  562
  588
  613
  639
  665
  692
  719
  748
  777
  807
  839
  873
  908
  944
Issuance/(repurchase) of shares, $m
  -3
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  63
  113
  137
  163
  191
  220
  250
  281
  311
  341
  371
  400
  429
  456
  484
  510
  536
  562
  588
  613
  639
  665
  692
  719
  748
  777
  807
  839
  873
  908
  944
Total cash flow (excl. dividends), $m
  6
  125
  158
  197
  242
  293
  350
  413
  482
  556
  637
  720
  811
  908
  1,009
  1,116
  1,228
  1,344
  1,466
  1,593
  1,724
  1,861
  2,003
  2,151
  2,304
  2,464
  2,630
  2,802
  2,981
  3,168
  3,362
Retained Cash Flow (-), $m
  -56
  -61
  -74
  -88
  -103
  -119
  -135
  -151
  -167
  -184
  -200
  -215
  -231
  -246
  -260
  -275
  -289
  -303
  -317
  -330
  -344
  -358
  -373
  -387
  -403
  -418
  -435
  -452
  -470
  -489
  -509
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  64
  84
  109
  139
  174
  215
  262
  314
  373
  437
  504
  580
  662
  749
  841
  939
  1,042
  1,149
  1,262
  1,380
  1,503
  1,631
  1,764
  1,902
  2,046
  2,195
  2,350
  2,511
  2,679
  2,853
Discount rate, %
 
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.18
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.20
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.37
  29.79
  31.28
PV of cash for distribution, $m
 
  59
  72
  86
  99
  112
  123
  133
  139
  143
  143
  140
  134
  125
  115
  103
  90
  77
  64
  52
  41
  32
  24
  17
  12
  9
  6
  4
  2
  1
  1
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Patrick Industries, Inc. is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. The Company's segments include Manufacturing and Distribution. It manufactures a range of products, which include decorative vinyl and paper laminated panels, solid surface, granite and quartz countertops, fabricated aluminum products, wrapped vinyl, paper and hardwood profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass and plastic component products including front and rear caps and marine helms, interior passage doors, RV painting, and slotwall panels and components, among others.

FINANCIAL RATIOS  of  Patrick Industries (PATK)

Valuation Ratios
P/E Ratio 18
Price to Sales 0.8
Price to Book 5.4
Price to Tangible Book
Price to Cash Flow 10.4
Price to Free Cash Flow 12.3
Growth Rates
Sales Growth Rate 32.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 87.5%
Cap. Spend. - 3 Yr. Gr. Rate 10.8%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 138.9%
Total Debt to Equity 147.6%
Interest Coverage 13
Management Effectiveness
Return On Assets 13.2%
Ret/ On Assets - 3 Yr. Avg. 14.1%
Return On Total Capital 14.2%
Ret/ On T. Cap. - 3 Yr. Avg. 16%
Return On Equity 35.7%
Return On Equity - 3 Yr. Avg. 35.1%
Asset Turnover 2.7
Profitability Ratios
Gross Margin 16.5%
Gross Margin - 3 Yr. Avg. 16.4%
EBITDA Margin 9.4%
EBITDA Margin - 3 Yr. Avg. 9.1%
Operating Margin 7.4%
Oper. Margin - 3 Yr. Avg. 7.4%
Pre-Tax Margin 6.9%
Pre-Tax Margin - 3 Yr. Avg. 6.9%
Net Profit Margin 4.6%
Net Profit Margin - 3 Yr. Avg. 4.5%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 35.5%
Payout Ratio 0%

PATK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PATK stock intrinsic value calculation we used $1222 million for the last fiscal year's total revenue generated by Patrick Industries. The default revenue input number comes from 2016 income statement of Patrick Industries. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PATK stock valuation model: a) initial revenue growth rate of 32.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.6%, whose default value for PATK is calculated based on our internal credit rating of Patrick Industries, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Patrick Industries.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PATK stock the variable cost ratio is equal to 92.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PATK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Patrick Industries.

Corporate tax rate of 27% is the nominal tax rate for Patrick Industries. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PATK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PATK are equal to 14.6%.

Life of production assets of 11.2 years is the average useful life of capital assets used in Patrick Industries operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PATK is equal to 7.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $185 million for Patrick Industries - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 16.873 million for Patrick Industries is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Patrick Industries at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
THO Thor Industrie 150.15 1,049.87  str.buy
WGO Winnebago Indu 55.65 524.00  str.buy
FBHS Fortune Brands 68.12 63.55  hold
MAS Masco 42.42 13.11  str.sell
AMWD American Woodm 123.50 118.39  hold
CSTE Caesarstone 23.25 28.56  hold

COMPANY NEWS

▶ Patrick Industries beats 3Q profit forecasts   [Oct-26-17 08:43AM  Associated Press]
▶ 5 Top-Ranked DuPont-Verified Quality Stocks   [Oct-25-17 06:51AM  Zacks]
▶ Composite Rating For Patrick Industries Rises To 97   [Sep-26-17 03:00AM  Investor's Business Daily]
▶ Patrick Industries beats 2Q profit forecasts   [Jul-27-17 07:07PM  Associated Press]
▶ This Week's Hidden Gems: (CAMT)(PATK)   [Jun-08-17 04:26PM  Zacks]
▶ Patrick Industries beats 1Q profit forecasts   [Apr-27-17 08:47AM  Associated Press]
▶ Patrick Industries posts 4Q profit   [08:43AM  Associated Press]
▶ Boomers Head Out On That Highway, And Patrick Poised To Profit   [Dec-19-16 04:30PM  Investor's Business Daily]
▶ Has The Time Come to Buy New Senior Investment Group Inc (SNR)?   [Dec-08-16 01:18PM  at Insider Monkey]
Financial statements of PATK
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.