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Innovations

DB:P9I
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P9I
DB
$779M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

PGT Innovations, Inc. manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The last earnings update was 24 days ago. More info.


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  • Innovations has significant price volatility in the past 3 months.
P9I Share Price and Events
7 Day Returns
-4.3%
DB:P9I
-2.4%
DE Building
-2.2%
DE Market
1 Year Returns
-18.1%
DB:P9I
-13.8%
DE Building
-7.4%
DE Market
P9I Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Innovations (P9I) -4.3% -21.7% -11.1% -18.1% - -
DE Building -2.4% -1.7% 12.6% -13.8% 16.4% 27.5%
DE Market -2.2% -0.2% 6.8% -7.4% 7.4% 6.8%
1 Year Return vs Industry and Market
  • P9I underperformed the Building industry which returned -13.8% over the past year.
  • P9I underperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
P9I
Industry
5yr Volatility vs Market

P9I Value

 Is Innovations undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Innovations to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Innovations.

DB:P9I Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:P9I
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.156 (1 + (1- 21%) (47.09%))
1.392
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.392 * 5.96%)
8.53%

Discounted Cash Flow Calculation for DB:P9I using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Innovations is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:P9I DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.53%)
2019 74.74 Analyst x5 68.87
2020 82.00 Analyst x5 69.62
2021 83.00 Analyst x1 64.93
2022 91.00 Analyst x1 65.60
2023 94.90 Est @ 4.28% 63.03
2024 97.81 Est @ 3.07% 59.86
2025 99.97 Est @ 2.21% 56.38
2026 101.59 Est @ 1.62% 52.79
2027 102.81 Est @ 1.2% 49.23
2028 103.75 Est @ 0.91% 45.77
Present value of next 10 years cash flows $596.08
DB:P9I DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $103.75 × (1 + 0.23%) ÷ (8.53% – 0.23%)
$1,252.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,252.94 ÷ (1 + 8.53%)10
$552.78
DB:P9I Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $596.08 + $552.78
$1,148.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,148.86 / 58.08
$19.78
DB:P9I Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:P9I represents 0.89485x of NYSE:PGTI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89485x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 19.78 x 0.89485
€17.70
Value per share (EUR) From above. €17.70
Current discount Discount to share price of €12.00
= -1 x (€12.00 - €17.70) / €17.70
32.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Innovations is available for.
Intrinsic value
32%
Share price is €12 vs Future cash flow value of €17.7
Current Discount Checks
For Innovations to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Innovations's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Innovations's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Innovations's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Innovations's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:P9I PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $1.03
NYSE:PGTI Share Price ** NYSE (2019-03-22) in USD $13.41
Germany Building Industry PE Ratio Median Figure of 6 Publicly-Listed Building Companies 16.84x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 18.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Innovations.

DB:P9I PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PGTI Share Price ÷ EPS (both in USD)

= 13.41 ÷ 1.03

13.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovations is good value based on earnings compared to the DE Building industry average.
  • Innovations is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Innovations's expected growth come at a high price?
Raw Data
DB:P9I PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
13.4%per year
Europe Building Industry PEG Ratio Median Figure of 37 Publicly-Listed Building Companies 1.28x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:P9I PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.04x ÷ 13.4%

0.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovations is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Innovations's assets?
Raw Data
DB:P9I PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $6.64
NYSE:PGTI Share Price * NYSE (2019-03-22) in USD $13.41
Germany Building Industry PB Ratio Median Figure of 7 Publicly-Listed Building Companies 1.38x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.78x
DB:P9I PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PGTI Share Price ÷ Book Value per Share (both in USD)

= 13.41 ÷ 6.64

2.02x

* Primary Listing of Innovations.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovations is overvalued based on assets compared to the DE Building industry average.
X
Value checks
We assess Innovations's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Innovations has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

P9I Future Performance

 How is Innovations expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Innovations expected to grow at an attractive rate?
  • Innovations's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Innovations's earnings growth is expected to exceed the Germany market average.
  • Innovations's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:P9I Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:P9I Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 13.4%
DB:P9I Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 7%
Germany Building Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
Europe Building Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:P9I Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:P9I Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 925 121 92 2
2021-12-31 878 113 82 3
2020-12-31 831 105 70 8
2019-12-31 789 93 59 9
2018-12-31 682 78 57 9
DB:P9I Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 698 100 54
2018-09-29 643 79 64
2018-06-30 570 72 56
2018-03-31 539 55 44
2017-12-30 511 49 40
2017-09-30 486 48 24
2017-07-01 489 40 28
2017-04-01 471 43 25
2016-12-31 459 46 24
2016-10-01 442 44 23
2016-07-02 413 46 19
2016-04-02 395 28 18
2016-01-02 390 32 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Innovations's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
  • Innovations's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:P9I Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Innovations Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P9I Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.50 1.50 1.50 1.00
2021-12-31 1.41 1.46 1.36 2.00
2020-12-31 1.19 1.41 1.09 6.00
2019-12-31 0.99 1.06 0.96 7.00
2018-12-31 1.04 1.24 0.98 7.00
DB:P9I Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 1.03
2018-09-29 1.27
2018-06-30 1.13
2018-03-31 0.89
2017-12-30 0.80
2017-09-30 0.48
2017-07-01 0.57
2017-04-01 0.52
2016-12-31 0.49
2016-10-01 0.48
2016-07-02 0.39
2016-04-02 0.38
2016-01-02 0.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Innovations is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Innovations's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Innovations has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

P9I Past Performance

  How has Innovations performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Innovations's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Innovations has delivered over 20% year on year earnings growth in the past 5 years.
  • Innovations's 1-year earnings growth exceeds its 5-year average (36% vs 22.7%)
  • Innovations's earnings growth has exceeded the DE Building industry average in the past year (36% vs -21.9%).
Earnings and Revenue History
Innovations's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Innovations Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P9I Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 698.49 53.93 143.51
2018-09-29 642.71 63.75 128.21
2018-06-30 570.50 56.47 111.61
2018-03-31 538.61 44.18 104.68
2017-12-30 511.08 39.84 96.50
2017-09-30 486.49 23.67 91.47
2017-07-01 489.42 28.17 90.45
2017-04-01 471.07 25.27 86.42
2016-12-31 458.55 23.75 83.10
2016-10-01 442.05 23.40 79.70
2016-07-02 412.92 18.95 73.53
2016-04-02 394.72 18.38 69.69
2016-01-02 389.81 23.55 68.19
2015-10-03 381.52 22.70 66.36
2015-07-04 358.18 18.68 62.79
2015-04-04 338.97 19.71 58.96
2015-01-03 306.39 16.41 54.68
2014-09-27 283.70 18.83 52.60
2014-06-28 271.24 22.79 51.71
2014-03-29 252.46 24.91 53.05
2013-12-28 239.30 26.82 54.59
2013-09-28 222.48 24.67 51.11
2013-06-29 202.36 21.10 50.79
2013-03-30 186.00 14.87 48.41
2012-12-29 174.54 8.96 47.09
2012-09-29 165.04 -0.55 46.83
2012-06-30 166.05 -3.03 46.76
2012-03-31 164.73 -11.76 47.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Innovations has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Innovations used its assets more efficiently than the DE Building industry average last year based on Return on Assets.
  • Innovations's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Innovations's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Innovations has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

P9I Health

 How is Innovations's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Innovations's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Innovations is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Innovations's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Innovations's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Innovations Company Filings, last reported 2 months ago.

DB:P9I Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 385.54 366.78 52.65
2018-09-29 376.35 374.15 32.16
2018-06-30 208.84 215.38 63.92
2018-03-31 184.54 214.91 34.05
2017-12-30 175.33 212.97 34.03
2017-09-30 154.49 231.47 44.73
2017-07-01 147.48 249.27 50.28
2017-04-01 136.42 248.56 38.92
2016-12-31 132.85 247.87 39.21
2016-10-01 127.67 247.20 29.90
2016-07-02 114.79 250.97 29.51
2016-04-02 106.54 250.97 16.70
2016-01-02 106.96 190.77 61.49
2015-10-03 102.67 192.78 54.79
2015-07-04 95.13 193.09 47.49
2015-04-04 81.64 193.40 48.74
2015-01-03 73.98 193.75 42.47
2014-09-27 71.76 195.38 43.68
2014-06-28 65.58 76.66 33.43
2014-03-29 53.85 77.15 30.79
2013-12-28 49.08 77.89 30.23
2013-09-28 43.15 78.87 23.78
2013-06-29 34.71 78.03 15.58
2013-03-30 73.99 30.00 14.29
2012-12-29 74.21 37.50 18.74
2012-09-29 74.59 40.50 19.67
2012-06-30 71.02 43.50 15.70
2012-03-31 67.30 45.52 14.03
  • Innovations's level of debt (95.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (158.3% vs 95.1% today).
  • Debt is well covered by operating cash flow (27.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Innovations's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Innovations has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

P9I Dividends

 What is Innovations's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Innovations dividends. Estimated to be 0% next year.
If you bought €2,000 of Innovations shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Innovations's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Innovations's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:P9I Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Building Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:P9I Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Innovations has not reported any payouts.
  • Unable to verify if Innovations's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Innovations's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Innovations has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Innovations's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Innovations's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Innovations afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Innovations has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

P9I Management

 What is the CEO of Innovations's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Jackson
COMPENSATION $1,373,671
AGE 52
TENURE AS CEO 1.2 years
CEO Bio

Mr. Jeffrey T. Jackson, also known as Jeff, CPA, has been the Chief Executive Officer and President of PGT Innovations, Inc. since January 1, 2018 and May 2014 respectively. He served as Chief Operating Officer of PGT Innovations, Inc from May 2014 to January 1, 2018. Mr. Jackson has been a Director of PGT Innovations, Inc. since 2016. He has been the President and Chief Operating Officer of CGI Windows and Doors Holdings, Inc. since September 2014. Mr. Jackson has been the President and Chief Operating Officer of PGT Industries, Inc. since 2014 and served as its Chief Financial Officer, Executive Vice President and Treasurer. He served as the Chief Financial Officer of PGT Innovations, Inc. since November 2005 to June 1, 2014. He served as Treasurer of PGT Innovations, Inc. since November 2005 and served as its Principal Accounting Officer and Executive Vice President of Operations until June 1, 2014. He served as a Corporate Controller of The Hershey Company since April 2004. From 1999 to 2004, he served as Senior Vice President, Chief Financial Officer for Mrs. Smith's Bakeries, LLC, a division of Flowers Foods, Inc. He has over sixteen years of increasing responsibility in various executive management roles with various companies, including Division Chief Financial Officer, Vice President Corporate Controller and Senior Vice President of Operations. Mr. Jackson joined PGT in November 2005. He has over sixteen years in Executive Management roles, including Division Chief Financial Officer, Vice President Corporate Controller and Senior Vice President of Operations. Mr. Jackson earned a B.B.A. from the University of West Georgia and is a Certified Public Accountant in Georgia and California.

CEO Compensation
  • Jeff's compensation has increased by more than 20% in the past year.
  • Jeff's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Innovations management team in years:

1.2
Average Tenure
52
Average Age
  • The average tenure for the Innovations management team is less than 2 years, this suggests a new team.
Management Team

Rod Hershberger

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$2M
AGE
61
TENURE
39.2 yrs

Jeff Jackson

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
1.2 yrs

Brad West

TITLE
Senior VP & CFO
COMPENSATION
$543K
AGE
52
TENURE
4.8 yrs

Brent Boydston

TITLE
Senior Vice President of Corporate Sales & Marketing
COMPENSATION
$608K
AGE
49
TENURE
0.2 yrs

John Engelstad

TITLE
Chief Information Officer
TENURE
0.4 yrs

Danielle Mikesell

TITLE
Senior Vice President of Marketing & Innovation
TENURE
2.6 yrs

Debbie LaPinska

TITLE
Senior Vice President of Human Resources
COMPENSATION
$350K
AGE
56
TENURE
5.2 yrs

David McCutcheon

TITLE
Senior VP of Business Integration
COMPENSATION
$554K
AGE
52

Bob Keller

TITLE
Senior VP & President of SouthEast Region
TENURE
0.2 yrs

Scott Gates

TITLE
Senior VP & President of Western Region
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Innovations board of directors in years:

12.1
Average Tenure
64
Average Age
  • The average tenure for the Innovations board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jeff Jackson

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
3.1 yrs

Alexander Castaldi

TITLE
Independent Director
COMPENSATION
$120K
AGE
68
TENURE
15.2 yrs

Rod Hershberger

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$2M
AGE
61
TENURE
5.1 yrs

Richard Feintuch

TITLE
Independent Director
COMPENSATION
$125K
AGE
65
TENURE
13.2 yrs

Bill Morgan

TITLE
Independent Director
COMPENSATION
$125K
AGE
71
TENURE
11.8 yrs

Brett Milgrim

TITLE
Independent Director
COMPENSATION
$120K
AGE
49
TENURE
16.2 yrs

M. McHugh

TITLE
Independent Director
COMPENSATION
$120K
AGE
80
TENURE
12.5 yrs

Floyd Sherman

TITLE
Independent Director
COMPENSATION
$120K
AGE
78
TENURE
14.2 yrs

Sheree Bargabos

TITLE
Independent Director
COMPENSATION
$120K
AGE
62
TENURE
3.1 yrs

Frances R. Hawes

TITLE
Independent Director
AGE
63
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Innovations insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Mar 19 Buy Jeffrey Jackson Individual 06. Mar 19 06. Mar 19 4,000 €12.42 €49,694
05. Mar 19 Buy Richard Feintuch Individual 04. Mar 19 05. Mar 19 4,000 €13.01 €51,463
05. Mar 19 Buy Jeffrey Jackson Individual 05. Mar 19 05. Mar 19 3,000 €12.70 €38,099
18. Dec 18 Sell Brett Milgrim Individual 14. Dec 18 14. Dec 18 -5,760 €14.68 €-84,556
X
Management checks
We assess Innovations's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Innovations has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

P9I News

Simply Wall St News

P9I Company Info

Description

PGT Innovations, Inc. manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones. The company also provides customizable non-impact-resistant aluminum frame windows and doors; and non-glass vertical and horizontal sliding panels for porch enclosures, including vinyl-glazed aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather, as well as cabana doors. In addition, it offers premium aluminum impact-resistant products; aluminum impact-resistant windows and doors; vinyl energy-efficient impact-resistant windows; and commercial storefront window system and entry doors. Further, it provides high-end luxury aluminum doors and windows, such as impact and non-impact sliding glass doors and terrace doors, fixed picture windows, single hung windows, and horizontal rolling windows; aluminum thermally broken doors and windows; fixed and operating windows, as well as well as sliding, folding, and hinged doors; and moving glass walls and windows. The company offers its products under the PGT, CGI, and WinDoor brands, as well as WinGuard, WinGuard Vinyl, EnergyVue, Eze-Breeze, Estate Collection, Sentinel, Estate Entrances, Commercial Series, and Targa names. It serves residential new construction, and home repair and remodeling end markets through window and building supply distributors, window replacement dealers, and enclosure contractors. The company was formerly known as PGT, Inc. and changed its name to PGT Innovations, Inc. in December 2016. PGT Innovations, Inc. was founded in 1980 and is headquartered in North Venice, Florida.

Details
Name: PGT Innovations, Inc.
P9I
Exchange: DB
Founded: 1980
$689,626,462
58,082,543
Website: http://pgtinnovations.com
Address: PGT Innovations, Inc.
1070 Technology Drive,
North Venice,
Florida, 34275,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PGTI Common Stock New York Stock Exchange US USD 28. Jun 2006
DB P9I Common Stock Deutsche Boerse AG DE EUR 28. Jun 2006
Number of employees
Current staff
Staff numbers
3,000
Innovations employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 21:36
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.