ROAD Stock Overview
Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina.
Construction Partners Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$35.96|
|52 Week High||US$44.99|
|52 Week Low||US$24.51|
|1 Month Change||0.98%|
|3 Month Change||7.44%|
|1 Year Change||36.73%|
|3 Year Change||264.71%|
|5 Year Change||n/a|
|Change since IPO||197.19%|
Recent News & Updates
Construction Partners' (NASDAQ:ROAD) Problems Go Beyond Weak Profit
A lackluster earnings announcement from Construction Partners, Inc. ( NASDAQ:ROAD ) last week didn't sink the stock...
Is Construction Partners, Inc. (NASDAQ:ROAD) Expensive For A Reason? A Look At Its Intrinsic Value
In this article we are going to estimate the intrinsic value of Construction Partners, Inc. ( NASDAQ:ROAD ) by taking...
|ROAD||US Construction||US Market|
Return vs Industry: ROAD underperformed the US Construction industry which returned 51.7% over the past year.
Return vs Market: ROAD exceeded the US Market which returned 21.3% over the past year.
|ROAD Average Weekly Movement||4.3%|
|Construction Industry Average Movement||5.0%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: ROAD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ROAD's weekly volatility (4%) has been stable over the past year.
About the Company
Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand and gravel that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production.
Construction Partners Fundamentals Summary
|ROAD fundamental statistics|
Is ROAD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ROAD income statement (TTM)|
|Cost of Revenue||US$790.80m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.39|
|Net Profit Margin||2.22%|
How did ROAD perform over the long term?See historical performance and comparison
Is Construction Partners undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ROAD ($35.96) is trading above our estimate of fair value ($32.18)
Significantly Below Fair Value: ROAD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ROAD is poor value based on its PE Ratio (93.2x) compared to the US Construction industry average (28.5x).
PE vs Market: ROAD is poor value based on its PE Ratio (93.2x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: ROAD is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: ROAD is overvalued based on its PB Ratio (4.6x) compared to the US Construction industry average (2.4x).
How is Construction Partners forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ROAD's forecast earnings growth (29% per year) is above the savings rate (2%).
Earnings vs Market: ROAD's earnings (29% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ROAD's revenue (11.4% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: ROAD's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ROAD's Return on Equity is forecast to be high in 3 years time
How has Construction Partners performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROAD has high quality earnings.
Growing Profit Margin: ROAD's current net profit margins (2.2%) are lower than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: ROAD's earnings have grown by 0.4% per year over the past 5 years.
Accelerating Growth: ROAD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ROAD had negative earnings growth (-49.9%) over the past year, making it difficult to compare to the Construction industry average (17.7%).
Return on Equity
High ROE: ROAD's Return on Equity (4.9%) is considered low.
How is Construction Partners's financial position?
Financial Position Analysis
Short Term Liabilities: ROAD's short term assets ($300.0M) exceed its short term liabilities ($158.0M).
Long Term Liabilities: ROAD's short term assets ($300.0M) exceed its long term liabilities ($239.8M).
Debt to Equity History and Analysis
Debt Level: ROAD's net debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: ROAD's debt to equity ratio has increased from 39% to 52.9% over the past 5 years.
Debt Coverage: ROAD's debt is well covered by operating cash flow (22.4%).
Interest Coverage: ROAD's interest payments on its debt are well covered by EBIT (11.7x coverage).
What is Construction Partners's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ROAD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ROAD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ROAD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ROAD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ROAD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jule Smith (51 yo)
Mr. Fred Julius Smith, III also known as Jule, has been President and Chief Executive Officer at Construction Partners, Inc. since March 31, 2021. He serves as Director at Construction Partners, Inc. since...
CEO Compensation Analysis
Compensation vs Market: Jule's total compensation ($USD972.19K) is below average for companies of similar size in the US market ($USD3.62M).
Compensation vs Earnings: Jule's compensation has been consistent with company performance over the past year.
Experienced Management: ROAD's management team is considered experienced (4.8 years average tenure).
Experienced Board: ROAD's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Construction Partners, Inc.'s employee growth, exchange listings and data sources
- Name: Construction Partners, Inc.
- Ticker: ROAD
- Exchange: NasdaqGS
- Founded: 2001
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: US$1.880b
- Shares outstanding: 52.29m
- Website: https://www.constructionpartners.net
Number of Employees
- Construction Partners, Inc.
- 290 Healthwest Drive
- Suite 2
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/30 00:20|
|End of Day Share Price||2021/11/29 00:00|
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.