Intrinsic value of TopBuild - BLD

Previous Close

$83.18

  Intrinsic Value

$65.30

stock screener

  Rating & Target

sell

-21%

Previous close

$83.18

 
Intrinsic value

$65.30

 
Up/down potential

-21%

 
Rating

sell

We calculate the intrinsic value of BLD 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 2017), $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 3.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  9.40
  8.96
  8.56
  8.21
  7.89
  7.60
  7.34
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.91
  5.82
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
Revenue, $m
  2,085
  2,272
  2,467
  2,669
  2,880
  3,098
  3,326
  3,562
  3,808
  4,063
  4,328
  4,604
  4,892
  5,191
  5,503
  5,828
  6,167
  6,521
  6,890
  7,275
  7,678
  8,099
  8,539
  8,999
  9,480
  9,984
  10,512
  11,064
  11,643
  12,249
Variable operating expenses, $m
  1,879
  2,037
  2,202
  2,374
  2,552
  2,738
  2,930
  3,131
  3,339
  3,555
  3,669
  3,903
  4,147
  4,401
  4,665
  4,941
  5,228
  5,528
  5,841
  6,167
  6,509
  6,866
  7,239
  7,629
  8,037
  8,464
  8,912
  9,380
  9,871
  10,385
Fixed operating expenses, $m
  44
  45
  46
  47
  48
  49
  50
  51
  52
  53
  55
  56
  57
  58
  60
  61
  62
  64
  65
  66
  68
  69
  71
  72
  74
  76
  77
  79
  81
  83
Total operating expenses, $m
  1,923
  2,082
  2,248
  2,421
  2,600
  2,787
  2,980
  3,182
  3,391
  3,608
  3,724
  3,959
  4,204
  4,459
  4,725
  5,002
  5,290
  5,592
  5,906
  6,233
  6,577
  6,935
  7,310
  7,701
  8,111
  8,540
  8,989
  9,459
  9,952
  10,468
Operating income, $m
  162
  190
  219
  248
  279
  312
  345
  380
  416
  454
  604
  645
  688
  732
  778
  826
  877
  929
  984
  1,041
  1,101
  1,163
  1,229
  1,297
  1,369
  1,444
  1,523
  1,605
  1,692
  1,782
EBITDA, $m
  402
  441
  482
  524
  568
  614
  662
  711
  763
  816
  872
  930
  990
  1,053
  1,118
  1,186
  1,258
  1,332
  1,410
  1,491
  1,575
  1,664
  1,757
  1,854
  1,955
  2,061
  2,173
  2,289
  2,411
  2,539
Interest expense (income), $m
  4
  13
  17
  21
  25
  29
  34
  38
  43
  48
  54
  59
  65
  71
  77
  83
  90
  97
  104
  111
  119
  127
  136
  145
  154
  164
  174
  185
  196
  208
  220
Earnings before tax, $m
  149
  173
  198
  223
  250
  278
  307
  337
  368
  401
  545
  581
  617
  655
  695
  737
  780
  825
  873
  922
  974
  1,028
  1,084
  1,143
  1,205
  1,270
  1,338
  1,409
  1,484
  1,562
Tax expense, $m
  40
  47
  53
  60
  68
  75
  83
  91
  99
  108
  147
  157
  167
  177
  188
  199
  211
  223
  236
  249
  263
  277
  293
  309
  325
  343
  361
  380
  401
  422
Net income, $m
  109
  126
  144
  163
  183
  203
  224
  246
  269
  292
  398
  424
  451
  478
  507
  538
  569
  602
  637
  673
  711
  750
  791
  834
  880
  927
  977
  1,029
  1,083
  1,140

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  1,913
  2,084
  2,263
  2,449
  2,642
  2,842
  3,051
  3,268
  3,493
  3,727
  3,971
  4,224
  4,488
  4,763
  5,049
  5,347
  5,658
  5,982
  6,321
  6,674
  7,044
  7,430
  7,834
  8,256
  8,698
  9,160
  9,644
  10,151
  10,682
  11,238
Adjusted assets (=assets-cash), $m
  1,913
  2,084
  2,263
  2,449
  2,642
  2,842
  3,051
  3,268
  3,493
  3,727
  3,971
  4,224
  4,488
  4,763
  5,049
  5,347
  5,658
  5,982
  6,321
  6,674
  7,044
  7,430
  7,834
  8,256
  8,698
  9,160
  9,644
  10,151
  10,682
  11,238
Revenue / Adjusted assets
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
Average production assets, $m
  1,289
  1,404
  1,524
  1,649
  1,780
  1,915
  2,055
  2,201
  2,353
  2,511
  2,675
  2,846
  3,023
  3,208
  3,401
  3,602
  3,811
  4,030
  4,258
  4,496
  4,745
  5,005
  5,277
  5,561
  5,859
  6,170
  6,496
  6,838
  7,195
  7,570
Working capital, $m
  -144
  -157
  -170
  -184
  -199
  -214
  -229
  -246
  -263
  -280
  -299
  -318
  -338
  -358
  -380
  -402
  -426
  -450
  -475
  -502
  -530
  -559
  -589
  -621
  -654
  -689
  -725
  -763
  -803
  -845
Total debt, $m
  312
  386
  462
  542
  625
  712
  801
  895
  991
  1,092
  1,197
  1,306
  1,419
  1,537
  1,660
  1,788
  1,922
  2,062
  2,207
  2,359
  2,518
  2,684
  2,858
  3,039
  3,229
  3,428
  3,636
  3,854
  4,082
  4,322
Total liabilities, $m
  823
  896
  973
  1,053
  1,136
  1,222
  1,312
  1,405
  1,502
  1,603
  1,707
  1,816
  1,930
  2,048
  2,171
  2,299
  2,433
  2,572
  2,718
  2,870
  3,029
  3,195
  3,368
  3,550
  3,740
  3,939
  4,147
  4,365
  4,593
  4,832
Total equity, $m
  1,090
  1,188
  1,290
  1,396
  1,506
  1,620
  1,739
  1,863
  1,991
  2,125
  2,263
  2,408
  2,558
  2,715
  2,878
  3,048
  3,225
  3,410
  3,603
  3,804
  4,015
  4,235
  4,465
  4,706
  4,958
  5,221
  5,497
  5,786
  6,089
  6,406
Total liabilities and equity, $m
  1,913
  2,084
  2,263
  2,449
  2,642
  2,842
  3,051
  3,268
  3,493
  3,728
  3,970
  4,224
  4,488
  4,763
  5,049
  5,347
  5,658
  5,982
  6,321
  6,674
  7,044
  7,430
  7,833
  8,256
  8,698
  9,160
  9,644
  10,151
  10,682
  11,238
Debt-to-equity ratio
  0.290
  0.320
  0.360
  0.390
  0.420
  0.440
  0.460
  0.480
  0.500
  0.510
  0.530
  0.540
  0.550
  0.570
  0.580
  0.590
  0.600
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.650
  0.650
  0.660
  0.660
  0.670
  0.670
  0.670
Adjusted equity ratio
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570
  0.570

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  109
  126
  144
  163
  183
  203
  224
  246
  269
  292
  398
  424
  451
  478
  507
  538
  569
  602
  637
  673
  711
  750
  791
  834
  880
  927
  977
  1,029
  1,083
  1,140
Depreciation, amort., depletion, $m
  240
  251
  263
  276
  289
  302
  317
  331
  346
  362
  267
  285
  302
  321
  340
  360
  381
  403
  426
  450
  474
  500
  528
  556
  586
  617
  650
  684
  720
  757
Funds from operations, $m
  349
  378
  408
  439
  472
  505
  540
  577
  615
  654
  666
  708
  753
  799
  848
  898
  951
  1,005
  1,063
  1,123
  1,185
  1,251
  1,319
  1,391
  1,466
  1,544
  1,626
  1,712
  1,803
  1,897
Change in working capital, $m
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -22
  -23
  -24
  -25
  -27
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -42
Cash from operations, $m
  361
  391
  421
  453
  486
  520
  556
  593
  632
  672
  684
  727
  773
  820
  869
  920
  974
  1,030
  1,088
  1,149
  1,213
  1,280
  1,349
  1,422
  1,499
  1,579
  1,663
  1,750
  1,842
  1,939
Maintenance CAPEX, $m
  -118
  -129
  -140
  -152
  -165
  -178
  -191
  -206
  -220
  -235
  -251
  -267
  -285
  -302
  -321
  -340
  -360
  -381
  -403
  -426
  -450
  -474
  -500
  -528
  -556
  -586
  -617
  -650
  -684
  -720
New CAPEX, $m
  -110
  -115
  -120
  -125
  -130
  -135
  -141
  -146
  -152
  -158
  -164
  -171
  -178
  -185
  -193
  -201
  -209
  -219
  -228
  -238
  -249
  -260
  -272
  -284
  -298
  -311
  -326
  -341
  -358
  -375
Cash from investing activities, $m
  -228
  -244
  -260
  -277
  -295
  -313
  -332
  -352
  -372
  -393
  -415
  -438
  -463
  -487
  -514
  -541
  -569
  -600
  -631
  -664
  -699
  -734
  -772
  -812
  -854
  -897
  -943
  -991
  -1,042
  -1,095
Free cash flow, $m
  134
  146
  161
  175
  191
  207
  224
  242
  260
  279
  269
  289
  310
  333
  356
  379
  404
  430
  457
  485
  514
  545
  577
  610
  645
  681
  720
  759
  801
  845
Issuance/(repayment) of debt, $m
  70
  74
  77
  80
  83
  86
  90
  93
  97
  101
  105
  109
  113
  118
  123
  128
  134
  139
  146
  152
  159
  166
  174
  182
  190
  199
  208
  218
  228
  239
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  70
  74
  77
  80
  83
  86
  90
  93
  97
  101
  105
  109
  113
  118
  123
  128
  134
  139
  146
  152
  159
  166
  174
  182
  190
  199
  208
  218
  228
  239
Total cash flow (excl. dividends), $m
  204
  220
  237
  255
  274
  294
  314
  335
  357
  380
  373
  398
  424
  451
  479
  508
  538
  570
  603
  637
  673
  711
  751
  792
  835
  880
  928
  977
  1,029
  1,084
Retained Cash Flow (-), $m
  -93
  -98
  -102
  -106
  -110
  -114
  -119
  -124
  -128
  -133
  -139
  -144
  -150
  -157
  -163
  -170
  -177
  -185
  -193
  -202
  -211
  -220
  -230
  -241
  -252
  -264
  -276
  -289
  -303
  -317
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
  10
  10
  11
  12
  13
  14
  15
  17
  18
  19
  20
  22
  23
  24
  26
  28
  29
  31
  33
  34
  36
  38
  40
  43
  45
  47
  50
  53
  55
  58
Cash available for distribution, $m
  110
  122
  136
  149
  164
  179
  195
  211
  228
  246
  235
  254
  274
  294
  315
  338
  361
  385
  410
  436
  463
  491
  520
  551
  583
  617
  652
  688
  727
  767
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  106
  112
  118
  123
  127
  130
  132
  132
  131
  129
  111
  108
  104
  99
  93
  86
  78
  71
  63
  55
  48
  41
  34
  28
  23
  18
  14
  11
  8
  6
Current shareholders' claim on cash, %
  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

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products. Its Distribution segment includes the distribution of insulation and other building products. As of December 31, 2016, the Company provided insulation installation services through its TruTeam contractor services business, which had over 175 installation branches located in 41 states. It installs various insulation applications, which include fiberglass batts and rolls and blown-in loose fill fiberglass. As of December 31, 2016, the Company distributed insulation and other building products, including rain gutters, fireplaces, closet shelving, and roofing materials through its Service Partners business, which had over 70 distribution centers located in 33 states.

FINANCIAL RATIOS  of  TopBuild (BLD)

Valuation Ratios
P/E Ratio 43.1
Price to Sales 1.8
Price to Book 3.2
Price to Tangible Book
Price to Cash Flow 40.9
Price to Free Cash Flow 49.9
Growth Rates
Sales Growth Rate 7.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 7
Current Ratio 0
LT Debt to Equity 16.3%
Total Debt to Equity 18.4%
Interest Coverage 30
Management Effectiveness
Return On Assets 4.5%
Ret/ On Assets - 3 Yr. Avg. 3.4%
Return On Total Capital 6.5%
Ret/ On T. Cap. - 3 Yr. Avg. 5%
Return On Equity 7.7%
Return On Equity - 3 Yr. Avg. 5.7%
Asset Turnover 1
Profitability Ratios
Gross Margin 22.9%
Gross Margin - 3 Yr. Avg. 22.3%
EBITDA Margin 7.6%
EBITDA Margin - 3 Yr. Avg. 5.5%
Operating Margin 7%
Oper. Margin - 3 Yr. Avg. 5%
Pre-Tax Margin 6.7%
Pre-Tax Margin - 3 Yr. Avg. 4.4%
Net Profit Margin 4.2%
Net Profit Margin - 3 Yr. Avg. 3.2%
Effective Tax Rate 37.1%
Eff/ Tax Rate - 3 Yr. Avg. 30.3%
Payout Ratio 0%

BLD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BLD stock intrinsic value calculation we used $1906 million for the last fiscal year's total revenue generated by TopBuild. The default revenue input number comes from 2017 income statement of TopBuild. 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 BLD stock valuation model: a) initial revenue growth rate of 9.4% 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 4.3%, whose default value for BLD is calculated based on our internal credit rating of TopBuild, 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 TopBuild.
    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 BLD stock the variable cost ratio is equal to 90.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $43 million in the base year in the intrinsic value calculation for BLD 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 5.4% for TopBuild.

Corporate tax rate of 27% is the nominal tax rate for TopBuild. 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 BLD stock is equal to 0.5%.

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 BLD are equal to 61.8%.

Life of production assets of 10 years is the average useful life of capital assets used in TopBuild 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 BLD is equal to -6.9%. 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 - $997 million for TopBuild - 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 36 million for TopBuild 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 TopBuild at the current share price and the inputted number of shares is $3.0 billion.

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COMPANY NEWS

▶ Is TopBuild Corps (NYSE:BLD) ROE Of 18.24% Sustainable?   [Jun-22-18 01:23PM  Simply Wall St.]
▶ At $82.39, Is TopBuild Corp (NYSE:BLD) A Buy?   [May-21-18 12:03PM  Simply Wall St.]
▶ TopBuild: 1Q Earnings Snapshot   [May-08-18 06:56AM  Associated Press]
▶ TopBuild Reports First Quarter 2018 Results   [06:45AM  GlobeNewswire]
▶ TopBuild Completes Acquisition of USI   [May-01-18 04:15PM  GlobeNewswire]
▶ TopBuild Expands Board of Directors   [Apr-30-18 04:15PM  GlobeNewswire]
▶ TopBuild Successfully Completes $400 Million Bond Offering   [Apr-25-18 04:15PM  GlobeNewswire]
▶ Why TopBuild (BLD) Stock Might be a Great Pick   [Mar-23-18 08:42AM  Zacks]
▶ TopBuild tops Street 4Q forecasts   [07:21AM  Associated Press]
▶ TopBuild Corp. to Host Earnings Call   [Feb-26-18 07:45AM  ACCESSWIRE]
▶ TopBuild Acquires Santa Rosa Insulation and Fireproofing   [Jan-22-18 06:45AM  GlobeNewswire]
▶ TopBuild Acquires ADO Products   [Jan-10-18 04:30PM  GlobeNewswire]
▶ Is It Time To Buy TopBuild Corp (NYSE:BLD)?   [Dec-18-17 11:15AM  Simply Wall St.]
▶ This Lesser-Known IPO Stock Follows Facebook, Alibaba Path   [Nov-08-17 04:26PM  Investor's Business Daily]
▶ TopBuild Reports Third Quarter 2017 Results   [Nov-07-17 06:45AM  GlobeNewswire]
▶ TopBuild Discusses Growth Opportunities at Investor Day   [Oct-03-17 12:00PM  GlobeNewswire]
▶ Jeld-Wen Holding Shows Rising Price Performance With Jump To 81 RS Rating   [Sep-27-17 03:00AM  Investor's Business Daily]
▶ Boise Cascade Shows Market Leadership With Jump To 91 RS Rating   [Sep-26-17 03:00AM  Investor's Business Daily]
▶ Mattamy Homes Announces New Board Member   [Sep-06-17 09:30AM  CNW Group]
▶ TopBuild Reports Strong Second Quarter 2017 Results   [Aug-08-17 06:45AM  GlobeNewswire]
▶ TopBuild Corp. Value Analysis (NYSE:BLD) : August 1, 2017   [Aug-01-17 05:52PM  Capital Cube]
▶ ETFs with exposure to TopBuild Corp. : June 26, 2017   [Jun-26-17 03:26PM  Capital Cube]
▶ TopBuild Acquires Canyon Insulation   [07:00AM  PR Newswire]
▶ TopBuild reports 1Q loss   [May-09-17 08:15AM  Associated Press]
▶ TopBuild Acquires Superior Insulation Products   [Apr-21-17 06:45AM  PR Newswire]
▶ Jacobs (JEC) Clinches Decomplexing Project from ONEgas   [Mar-30-17 09:23AM  Investopedia]
▶ TopBuild Acquires Capital Insulation   [06:45AM  PR Newswire]
▶ TopBuild: Cramer's Top Takeaways   [Mar-09-17 06:25AM  TheStreet.com]
▶ Cramer Remix: Dont abandon oil stocksdo this instead   [Mar-08-17 07:25PM  CNBC Videos]
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