Griffon
Market Cap
US$980.5m
Last Updated
2019/11/19 23:37 UTC
Data Sources
Company Financials +
Executive Summary
Griffon Corporation, through its subsidiaries, engages in the home and building products, and defense electronics businesses primarily in the United States, Canada, Australia, the United Kingdom, Mexico, and China.
Snowflake
Fundamentals
Solid track record and slightly overvalued.
Similar Companies
Share Price & News
How has Griffon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GFF has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.8%
GFF
0.5%
US Building
0.9%
US Market
1 Year Return
82.5%
GFF
28.8%
US Building
16.8%
US Market
Return vs Industry: GFF exceeded the US Building industry which returned 28.8% over the past year.
Return vs Market: GFF exceeded the US Market which returned 16.8% over the past year.
Shareholder returns
| GFF | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 0.5% | 0.9% |
| 30 Day | 4.6% | 3.5% | 4.5% |
| 90 Day | 22.2% | 10.4% | 6.2% |
| 1 Year | 86.0%82.5% | 30.9%28.8% | 19.4%16.8% |
| 3 Year | 7.5%-2.4% | 23.1%17.2% | 47.5%38.0% |
| 5 Year | 96.5%74.3% | 51.6%31.8% | 62.0%44.1% |
Price Volatility Vs. Market
How volatile is Griffon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Why Griffon Corporation's (NYSE:GFF) High P/E Ratio Isn't Necessarily A Bad Thing2 weeks ago | Simply Wall St
Read This Before Buying Griffon Corporation (NYSE:GFF) For Its Dividend3 weeks ago | Simply Wall St
What Type Of Shareholder Owns Griffon Corporation's (NYSE:GFF)?Valuation
Is Griffon undervalued compared to its fair value and its price relative to the market?
19.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GFF ($22.1) is trading above our estimate of fair value ($20.44)
Significantly Below Fair Value: GFF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GFF is good value based on its PE Ratio (19.8x) compared to the Building industry average (21.1x).
PE vs Market: GFF is poor value based on its PE Ratio (19.8x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: GFF is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: GFF is good value based on its PB Ratio (2x) compared to the US Building industry average (2.5x).
Next Steps
Future Growth
How is Griffon forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
16.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GFF's forecast earnings growth (16.9% per year) is above the savings rate (2.7%).
Earnings vs Market: GFF's earnings (16.9% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: GFF's earnings are forecast to grow, but not significantly.
Revenue vs Market: GFF's revenue (3% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: GFF's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GFF's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has Griffon performed over the past 5 years?
12.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GFF has high quality earnings.
Growing Profit Margin: GFF's current net profit margins (2.1%) are higher than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: GFF has become profitable over the past 5 years, growing earnings by 12.5% per year.
Accelerating Growth: GFF's earnings growth over the past year (37.2%) exceeds its 5-year average (12.5% per year).
Earnings vs Industry: GFF earnings growth over the past year (37.2%) exceeded the Building industry -5.5%.
Return on Equity
High ROE: GFF's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Griffon's financial position?
Financial Position Analysis
Short Term Liabilities: GFF's short term assets ($925.2M) exceeds its short term liabilities ($390.1M)
Long Term Liabilities: GFF's short term assets ($925.2M) do not cover its long term liabilities (1.2B)
Debt to Equity History and Analysis
Debt Level: GFF's debt to equity ratio (231.1%) is considered high.
Reducing Debt: GFF's debt to equity ratio has increased from 150.3% to 231.1% over the past 5 years.
Debt Coverage: GFF's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: GFF's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: GFF has a high level of physical assets or inventory.
Debt Coverage by Assets: GFF's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Griffon's current dividend yield, its reliability and sustainability?
1.36%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Griffon before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GFF's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: GFF's dividend (1.36%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GFF has been paying a dividend for less than 10 years.
Growing Dividend: GFF's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26%), GFF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GFF's dividends in 3 years are forecast to be well covered by earnings (19.3% payout ratio).
Next Steps
Management
What is the CEO of Griffon's salary, the management and board of directors tenure and is there insider trading?
6.9yrs
Average management tenure
CEO
Ron Kramer (61yo)
11.6yrs
Tenure
US$14,379,946
Compensation
Mr. Ronald J. Kramer, also known as Ron, serves as Independent Director of Business Development Corporation of America. since October 28, 2016. He has been the Chief Executive Officer of Griffon Corporatio ...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD14.38M) is above average for companies of similar size in the US market ($USD2.63M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.9yrs
Average Tenure
53.5yo
Average Age
Experienced Management: GFF's management team is seasoned and experienced (6.9 years average tenure).
Board Age and Tenure
4.5yrs
Average Tenure
68.5yo
Average Age
Experienced Board: GFF's board of directors are considered experienced (4.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 295,761 |
| Max Price | US$24.87 |
| Entity | Company |
| Shares | 40,990 |
| Max Price | US$21.55 |
| Entity | Company |
| Shares | 11,114 |
| Max Price | US$21.55 |
| Entity | Company |
| Shares | 15,320 |
| Max Price | US$21.26 |
| Entity | Company |
| Shares | 2,000 |
| Max Price | US$20.49 |
| Entity | Company |
| Shares | 50,800 |
| Max Price | US$17.02 |
| Entity | Company |
| Shares | 228,465 |
| Max Price | US$16.84 |
| Entity | Company |
| Shares | 6,500 |
| Max Price | US$15.72 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 4,000 |
| Max Price | US$12.10 |
| Entity | Individual |
| Role | Chief Accounting Officer VP, Controller & Chief Accounting Officer |
| Shares | 2,550 |
| Max Price | US$11.94 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 4,500 |
| Max Price | US$11.62 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Board & CEO |
| Shares | 10,000 |
| Max Price | US$12.41 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Board & CEO |
| Shares | 10,000 |
| Max Price | US$12.12 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 2,000 |
| Max Price | US$11.80 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman of the Board & CEO |
| Shares | 10,000 |
| Max Price | US$12.72 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ron Kramer (61yo)
Chairman of the Board & CEO
- Tenure: 11.6yrs
- Compensation: US$14.38m
Bob Mehmel (57yo)
President
- Tenure: 1.5yrs
- Compensation: US$5.32m
Kevin McSweeney
President of Telephonics Corporation
- Tenure: 3.1yrs
Brian Harris (50yo)
Senior VP & CFO
- Tenure: 4.3yrs
- Compensation: US$1.91m
Mike Sarrica
President of The AMES Companies & ClosetMaid and Senior VP
- Tenure: 2.8yrs
Seth Kaplan (50yo)
Senior VP
- Tenure: 9.5yrs
- Compensation: US$1.77m
Chris Durborow
VP, Controller & Chief Accounting Officer
- Tenure: 0yrs
Steve Lynch
President of Clopay Building Products
- Tenure: 10.8yrs
Board Members
Thomas Brosig (69yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$168.00k
Henry Alpert (72yo)
Independent Director
- Tenure: 24.8yrs
- Compensation: US$182.00k
Ron Kramer (61yo)
Chairman of the Board & CEO
- Tenure: 11.6yrs
- Compensation: US$14.38m
William Waldorf (81yo)
Independent Director
- Tenure: 56.8yrs
- Compensation: US$163.50k
Cheryl Turnbull (58yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: US$133.51k
Bob Mehmel (57yo)
President
- Tenure: 1.5yrs
- Compensation: US$5.32m
Robert Harrison (83yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$167.00k
Lou Grabowsky (68yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: US$183.50k
Gene Renuart (69yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$153.50k
Kevin Sullivan (65yo)
Lead Independent Director
- Tenure: 4yrs
- Compensation: US$195.00k
Company Information
Griffon Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Griffon Corporation
- Ticker: GFF
- Exchange: NYSE
- Founded: 1959
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: US$980.534m
- Shares outstanding: 43.60m
- Website: https://www.griffon.com
Number of Employees
Location
- Griffon Corporation
- 712 Fifth Avenue
- 18th Floor
- New York
- New York
- 10019
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GFF | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 1968 |
Biography
Griffon Corporation, through its subsidiaries, engages in the home and building products, and defense electronics businesses primarily in the United States, Canada, Australia, the United Kingdom, Mexico, a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/19 23:37 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.