Loading...
DOOR logo

Masonite International CorporationNYSE:DOOR Stock Report

Market Cap US$2.9b
Share Price
n/a
1Y40.3%
7D0.2%
1D0%
Portfolio Value
​
View

Masonite International Corporation

NYSE:DOOR Stock Report

Market Cap: US$2.9b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Masonite International (DOOR) Stock Overview

Designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. More details

DOOR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends0/6

Rewards

Price-To-Earnings ratio (20.7x) is below the Building industry average (21.7x)

Earnings are forecast to grow 29.38% per year

Trading at good value compared to peers and industry

Risk Analysis

Has a high level of debt

Significant insider selling over the past 3 months

Large one-off items impacting financial results


DOOR Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW492,272 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.
Grow your followingReal investors. The kind who actually invest, not scroll past.
Unlock free accessFree premium subscription for consistent and quality authors.
Learn moreCreate Narrative
BL
BlackGoat
IN
Investingwilly
RO
RockeTeller
AG
Agricola
492,272 investors already sharing narratives
View all narratives

Masonite International Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Masonite International
Historical stock prices
Current Share PriceUS$132.84
52 Week HighUS$132.89
52 Week LowUS$76.87
Beta1.63
1 Month Change1.90%
3 Month Change2.39%
1 Year Change40.32%
3 Year Change12.17%
5 Year Change156.75%
Change since IPO564.20%

Recent News & Updates

Analysis Article • May 14

Some May Be Optimistic About Masonite International's (NYSE:DOOR) Earnings

The market for Masonite International Corporation's ( NYSE:DOOR ) shares didn't move much after it posted weak earnings...

Recent updates

Analysis Article • May 14

Some May Be Optimistic About Masonite International's (NYSE:DOOR) Earnings

The market for Masonite International Corporation's ( NYSE:DOOR ) shares didn't move much after it posted weak earnings...
Seeking Alpha • Feb 22

Masonite International And Owens Corning Open A Door To A Shared Future

Summary Owens Corning has struck a deal to acquire Masonite International Corporation in an all-cash transaction for $2.9 billion. The combined companies are expected to generate around $12.5 billion in revenue in a $75 billion market. Owens Corning expects to achieve $125 million in annual run rate synergies by the second year following the close of the transaction. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19

Masonite And PGT Innovations: Slamming The Door Following A Big And Expensive Deal

Summary Masonite International Corporation has announced a $3 billion deal to acquire PGT Innovations, Inc., raising questions about the company's growth strategy. The deal will make Masonite the undisputed leader in the field of patio doors and premium window solutions. The premium offered, ambitious synergy targets, and high leverage create uncertainty and make the deal less compelling on a risk-reward basis. Read the full article on Seeking Alpha
Analysis Article • Dec 15

Masonite International Corporation's (NYSE:DOOR) Intrinsic Value Is Potentially 31% Above Its Share Price

Key Insights Masonite International's estimated fair value is US$136 based on 2 Stage Free Cash Flow to Equity Masonite...
Analysis Article • Nov 02

Is Masonite International (NYSE:DOOR) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Nov 01

Masonite International: Slowly Opening The Door

Summary Masonite International Corporation is facing tough conditions in the housing market, resulting in stagnant stock trading in 2023. The company is resorting to price hikes and acquisitions to maintain revenue and earnings, but this comes with added debt. Masonite is the largest U.S. door manufacturer and relies heavily on the North American market, with potential for long-term growth in housing starts and remodeling. Read the full article on Seeking Alpha
Analysis Article • Oct 05

Here's Why We Think Masonite International (NYSE:DOOR) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Sep 19

Is Now An Opportune Moment To Examine Masonite International Corporation (NYSE:DOOR)?

Masonite International Corporation ( NYSE:DOOR ), is not the largest company out there, but it received a lot of...
Seeking Alpha • Sep 07

Masonite International: There Are Better Alternatives

Summary Masonite International Corporation's stock dropped precipitously in price yesterday, making it interesting to consider buying again. The company's financial performance for the first half of the year has been lackluster at best. The company is much more indebted at a time when sales are slowing. The stock is cheaper now, but still not cheap enough relative to the risk free rate. Read the full article on Seeking Alpha
Seeking Alpha • Aug 31

Masonite International: Moving To The Sidelines After The Recent Run-Up (Rating Downgrade)

Summary Masonite International's stock has seen a good run-up since my previous article but faces near-term headwinds due to weakness in the repair, renovation, and remodel market. The company's revenue growth should be negatively impacted by lower demand in the residential market and ongoing macroeconomic uncertainty in Europe. The company's near-term margins are likely to be negatively impacted by volume deleveraging and high-cost inventory, but cost-cutting measures are expected to partially offset these factors. Read the full article on Seeking Alpha
Analysis Article • Aug 23

A Look At The Intrinsic Value Of Masonite International Corporation (NYSE:DOOR)

Key Insights The projected fair value for Masonite International is US$125 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Aug 11

Returns On Capital At Masonite International (NYSE:DOOR) Have Stalled

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Analysis Article • Jun 19

Is Now An Opportune Moment To Examine Masonite International Corporation (NYSE:DOOR)?

Masonite International Corporation ( NYSE:DOOR ), is not the largest company out there, but it saw a double-digit share...
Seeking Alpha • Jun 15

Masonite International: Low Growth Versus Margin Expansion Strategies

Summary Masonite will likely see sluggish revenue growth amidst demand concerns in Europe. It looks to better manage operating income through restructuring and cost reductions. DOOR's cash flows turned positive over the past year following better working capital management. The stock appears to be slightly overvalued versus its peers. Read the full article on Seeking Alpha
Analysis Article • Jun 03

Do Masonite International's (NYSE:DOOR) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • May 10

Is Masonite International (NYSE:DOOR) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Apr 28

Masonite International (NYSE:DOOR) Is Looking To Continue Growing Its Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Apr 15

Masonite International Corporation's (NYSE:DOOR) Intrinsic Value Is Potentially 29% Above Its Share Price

Key Insights The projected fair value for Masonite International is US$118 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Mar 05

Should You Investigate Masonite International Corporation (NYSE:DOOR) At US$91.66?

Masonite International Corporation ( NYSE:DOOR ), might not be a large cap stock, but it saw a significant share price...
Seeking Alpha • Feb 22

Masonite Non-GAAP EPS of $1.72 misses by $0.15, revenue of $676M beats by $34.99M

Masonite press release (NYSE:DOOR): Q4 Non-GAAP EPS of $1.72 misses by $0.15. Revenue of $676M (+6.3% Y/Y) beats by $34.99M. North American Residential net sales were $528 million, a 7% increase, driven by a 16% increase from the impact of AUP, partially offset by a 7% decrease in base volume, a 1% decrease in the sale of components and a 1% decrease due to unfavorable foreign exchange. Europe net sales were $61 million, an 18% decrease, driven by a 13% decrease due to unfavorable foreign exchange and an 11% decrease in base volume, partially offset by a 6% increase in AUP. Architectural net sales were $83 million, a 30% increase, driven by a 29% increase in AUP and a 3% increase in base volume, partially offset by a combined 2% decrease due to unfavorable foreign exchange and lower component sales. FY23 Outlook: Net sales growth of -5% to flat Y/Y vs. 0.81% consensus Adj. EPF of $7.25-$8.25 vs. $9.11 consensus
Analysis Article • Feb 07

Here's Why We Think Masonite International (NYSE:DOOR) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha • Feb 04

Masonite International: Low Valuation And Good Long-Term Growth Prospects Make It A Buy

Summary In the near term, Masonite faces headwinds from the housing slowdown and a negative price-cost mix. In the long term, the company should continue to benefit from product innovation as well as expansion into other areas of the door system value chain. Valuation is cheap. Investment Thesis Masonite International Corporation (DOOR) faces near-term headwinds from the slowdown in the housing market and macroeconomic weakening. However, with the stock trading at 9.6x FY23 consensus EPS estimate, which is significantly lower than its 5-year average of 14.06x, it seems like these headwinds are already getting priced in at these levels. Moreover, the company’s strategy of increasing average unit price through product innovation as well as expanding into other areas of the door system value chain should drive good growth in the medium to long term. I believe long-term investors can consider buying the stock at the current valuation. DOOR Revenue Analysis and Outlook Masonite has delivered good growth post-pandemic due to strong demand in the North American Residential (NA Residential) segment. The robust performance of the segment was primarily driven by a strong new residential market and increased product pricing. Meanwhile, the relatively smaller Europe and Architectural segments didn’t perform as well with the Europe segment witnessing a significant decline due to the stringent lockdown and the architectural segment performing poorly due to late recovery from the pandemic and subsequent supply chain issues. After two years of strong new residential demand, the NA Residential market has started slowing down due to a steep rise in interest rates. The weak demand in the residential end market resulted in destocking from the wholesale business of the NA Residential segment which also added an additional headwind. In Q3 2022, the company was able to more than offset these headwinds thanks to the strong order backlog. Meanwhile, the Europe segment continued to see deterioration due to ongoing geopolitical tension and severe macroeconomic headwinds. The Architectural segment is doing much better though and has started seeing some recovery of late due to the improving availability of the critically short-supplied Crossband material. In Q3 2022, the segment witnessed positive year-over-year revenue growth for the first time since Q2 2020. Masonite’s Quarterly Revenue data (Company data, GS Analytics Research, *Q4 2022 and FY2022 numbers are as per management guidance) Looking forward, I expect the revenue growth trend in the NA Residential segment to get worse. So far, the existing backlog at homebuilders has helped the company despite a rapid slowdown in the new residential starts. However, this cannot continue forever and after the existing high backlog at homebuilders gets converted into revenues, the growth rate in this segment should reflect the current macroeconomic reality. One comforting factor in these challenging times is that the company derives ~54% of its revenues from the Repair and Remodel (R&R) market which is much more resilient compared to the new housing construction market. Therefore, the volatility in the company’s revenues should be less than that of the new housing starts. In addition to the weak growth in NA Residential segment, the persistently challenging macro environment in Europe should also be a headwind for the company. On the other hand, the Architectural segment should witness continued growth due to the improving availability of crossband material. However, the architectural segment is a relatively small portion of the business and is unlikely to offset the slowdown in N.A. Residential and European business. So, the near-term revenue outlook for the company remains challenging. In the long run, the company’s revenue growth should be driven by a mix shift to higher-value products. The company is launching new higher-value products with better functionalities. A good example of this is the company’s M-Pwr smart door. M-pwr smart door is the first-ever integrated smart door with Ring’s video doorbell and Yale’s smart lock integrated with the door. The company had priced this product at a 4-5x price premium over the average exterior door. These types of new high-value product offerings should help the company to constantly provide customers with greater value and increase AUP for the company. Additionally, the company is expanding its presence to other adjacencies in the door system value chain. Historically the company has been present in door slab manufacturing which is a $5 billion industry. Now the company is expanding its addressable market to other areas of the door system like fabrication, milling, glass addition, framing, and finishing. According to management, the expansion to the other adjacencies should expand the company’s Total Addressable Market to $20 billion. The recent acquisition of Endura Products is one such step that will add the company’s capabilities in the door frames and door system components market. To sum up, while the company faces near-term headwinds which should slow its growth in FY23, the long-term outlook is encouraging and the company should benefit from higher AUP and increasing TAM. In addition to this, the housing shortage (explained in my earlier article) should also act as a long-term tailwind for the company once the interest rate cycle turns. Margin outlook During the last couple of years, Masonite’s margins have been impacted by inflationary pressures and the company’s efforts to increase Average Unit Price to offset them. In the third quarter of 2022, the company reported a 20% increase in AUP which was more than offset by higher input cost inflation, and, as a result, the company reported a 68 bps Y/Y contraction in the adjusted operating margin. Looking forward, while the cost inflation is easing, it should take a couple of quarters for its benefit to flow through the company’s P&L given the elevated level of the higher-cost inventory that the company has. Meanwhile, the company should start seeing pushback from homebuilders and big-box retailers like Home Depot (HD) and Lowe's (LOW) on the pricing front given the slowdown in the housing market. The headwind on the price front and delayed tailwind on easing inflation should result in a temporary negative price/cost equation for the next couple of quarters. Further, the headwind from volume deleverage due to slowing end markets should also have a negative impact on the margins in the near term. So, I am not optimistic about the margins in the near term.
Analysis Article • Jan 26

We Think Masonite International (NYSE:DOOR) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jan 10

Masonite International's (NYSE:DOOR) Returns On Capital Are Heading Higher

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Seeking Alpha • Dec 29

Masonite announces restructuring plan, expects annual cash savings of ~$20M

Masonite International (NYSE:DOOR) on Thursday disclosed a restructuring plan to drive cost efficiencies through an optimized manufacturing footprint. This plan includes restructuring actions across Masonite's (DOOR) North American residential and architectural segments. The company expects pre-tax restructuring and other closure costs of $15M-$20M starting in Q4 and continuing through FY23, of which ~65% will be cash expenditures. Masonite (DOOR) expects to complete restructuring by the end of FY23 and realize annual cash savings of ~$15M-$20M thereafter. Read why SA author Mark Van Mater expects Masonite's (DOOR) stock to appreciate as demand for its products remains strong.
Analysis Article • Dec 28

Is There An Opportunity With Masonite International Corporation's (NYSE:DOOR) 50% Undervaluation?

Key Insights Masonite International's estimated fair value is US$162 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article • Dec 02

Should You Investigate Masonite International Corporation (NYSE:DOOR) At US$76.52?

Masonite International Corporation ( NYSE:DOOR ), is not the largest company out there, but it saw a double-digit share...

Shareholder Returns

DOORUS BuildingUS Market
7D0.2%-1.0%0.8%
1Y40.3%5.2%20.6%

Return vs Industry: DOOR underperformed the US Building industry which returned 52.6% over the past year.

Return vs Market: DOOR exceeded the US Market which returned 27.2% over the past year.

Price Volatility

Is DOOR's price volatile compared to industry and market?
DOOR volatility
DOOR Average Weekly Movement0.4%
Building Industry Average Movement6.3%
Market Average Movement7.3%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: DOOR's share price has been volatile over the past 3 months.

Volatility Over Time: DOOR's weekly volatility has decreased from 7% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
192510,000Howard Heckeswww.masonite.com

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products. The company also provides various door components, including sills, frames, astragals, locking systems, molded interior door facings, agri-fiber and particleboard door cores, and wood cut stock, as well as mineral and particleboard door cores and veneer door facings.

Masonite International Corporation Fundamentals Summary

How do Masonite International's earnings and revenue compare to its market cap?
DOOR fundamental statistics
Market capUS$2.92b
Earnings (TTM)US$140.79m
Revenue (TTM)US$2.77b
20.7x
P/E Ratio
1.1x
P/S Ratio

Is DOOR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DOOR income statement (TTM)
RevenueUS$2.77b
Cost of RevenueUS$2.11b
Gross ProfitUS$660.70m
Other ExpensesUS$519.91m
EarningsUS$140.79m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)6.40
Gross Margin23.83%
Net Profit Margin5.08%
Debt/Equity Ratio117.2%

How did DOOR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/15 17:26
End of Day Share Price 2024/05/15 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Masonite International Corporation is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy WojsBaird
Reuben GarnerBenchmark Company
Alexander RygielB. Riley Securities, Inc.