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GFF

GriffonNYSE:GFF Stock Report

Market Cap

US$1.4b

7D

5.2%

1Y

21.5%

Updated

27 Sep, 2021

Data

Company Financials +
GFF fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance5/6
Financial Health3/6
Dividends4/6

GFF Overview

Griffon Corporation, through its subsidiaries, engages in the consumer and professional products, home and building products, and defense electronics businesses primarily in the United States, Europe, Canada, Australia, the United Kingdom, Mexico, and China.

Griffon Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Griffon
Historical stock prices
Current Share PriceUS$24.50
52 Week HighUS$19.15
52 Week LowUS$29.19
Beta1.98
1 Month Change0.74%
3 Month Change-3.88%
1 Year Change21.53%
3 Year Change58.58%
5 Year Change46.18%
Change since IPO1,337.33%

Recent News & Updates

Aug 03
Griffon (NYSE:GFF) Has Announced A Dividend Of US$0.08

Griffon (NYSE:GFF) Has Announced A Dividend Of US$0.08

Griffon Corporation ( NYSE:GFF ) has announced that it will pay a dividend of US$0.08 per share on the 16th of...

Jul 30
Griffon Corporation's (NYSE:GFF) Intrinsic Value Is Potentially 91% Above Its Share Price

Griffon Corporation's (NYSE:GFF) Intrinsic Value Is Potentially 91% Above Its Share Price

How far off is Griffon Corporation ( NYSE:GFF ) from its intrinsic value? Using the most recent financial data, we'll...

Jun 26
Does Griffon (NYSE:GFF) Have A Healthy Balance Sheet?

Does Griffon (NYSE:GFF) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 09
Does Griffon (NYSE:GFF) Deserve A Spot On Your Watchlist?

Does Griffon (NYSE:GFF) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

GFFUS BuildingUS Market
7D5.2%0.09%2.0%
1Y21.5%49.7%32.8%

Return vs Industry: GFF underperformed the US Building industry which returned 49.7% over the past year.

Return vs Market: GFF underperformed the US Market which returned 32.8% over the past year.

Price Volatility

Is GFF's price volatile compared to industry and market?
GFF volatility
GFF Beta1.98
Industry Beta1.36
Market Beta1

Stable Share Price: GFF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GFF's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19597,400Ron Kramerhttps://www.griffon.com

Griffon Corporation, through its subsidiaries, engages in the consumer and professional products, home and building products, and defense electronics businesses primarily in the United States, Europe, Canada, Australia, the United Kingdom, Mexico, and China. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools. The company’s Home & Building Products segment manufactures and markets residential and commercial garage doors to professional dealers and various home center retail chains; and rolling steel door and grille products designed for commercial, industrial, institutional, and retail uses.

Griffon Fundamentals Summary

How do Griffon's earnings and revenue compare to its market cap?
GFF fundamental statistics
Market CapUS$1.39b
Earnings (TTM)US$83.41m
Revenue (TTM)US$2.55b

16.6x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GFF income statement (TTM)
RevenueUS$2.55b
Cost of RevenueUS$1.86b
Gross ProfitUS$695.54m
ExpensesUS$612.13m
EarningsUS$83.41m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.47
Gross Margin27.26%
Net Profit Margin3.27%
Debt/Equity Ratio132.2%

How did GFF perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is Griffon undervalued compared to its fair value and its price relative to the market?

48.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GFF ($24.5) is trading below our estimate of fair value ($47.71)

Significantly Below Fair Value: GFF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GFF is good value based on its PE Ratio (16.6x) compared to the US Building industry average (22.1x).

PE vs Market: GFF is good value based on its PE Ratio (16.6x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: GFF is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: GFF is good value based on its PB Ratio (1.8x) compared to the US Building industry average (2.8x).


Future Growth

How is Griffon forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

20.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GFF's forecast earnings growth (20.7% per year) is above the savings rate (2%).

Earnings vs Market: GFF's earnings (20.7% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GFF's revenue (2.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: GFF's revenue (2.8% 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 GFF's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Griffon performed over the past 5 years?

31.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GFF has high quality earnings.

Growing Profit Margin: GFF's current net profit margins (3.3%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: GFF's earnings have grown significantly by 31% per year over the past 5 years.

Accelerating Growth: GFF's earnings growth over the past year (68.2%) exceeds its 5-year average (31% per year).

Earnings vs Industry: GFF earnings growth over the past year (68.2%) exceeded the Building industry 64.7%.


Return on Equity

High ROE: GFF's Return on Equity (10.6%) is considered low.


Financial Health

How is Griffon's financial position?


Financial Position Analysis

Short Term Liabilities: GFF's short term assets ($1.2B) exceed its short term liabilities ($466.5M).

Long Term Liabilities: GFF's short term assets ($1.2B) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: GFF's debt to equity ratio (132.2%) is considered high.

Reducing Debt: GFF's debt to equity ratio has reduced from 221.8% to 132.2% over the past 5 years.

Debt Coverage: GFF's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: GFF's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Dividend

What is Griffon current dividend yield, its reliability and sustainability?

1.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GFF's dividend (1.31%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: GFF's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: GFF's dividends per share have been stable in the past 10 years.

Growing Dividend: GFF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.7%), GFF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Ron Kramer (63 yo)

13.42yrs

Tenure

US$16,132,665

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 Corporation...


CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD16.13M) is above average for companies of similar size in the US market ($USD3.66M).

Compensation vs Earnings: Ron's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GFF's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: GFF's board of directors are considered experienced (6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Griffon Corporation's 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$1.389b
  • Shares outstanding: 56.68m
  • Website: https://www.griffon.com

Number of Employees


Location

  • Griffon Corporation
  • 712 Fifth Avenue
  • 18th Floor
  • New York
  • New York
  • 10019
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:55
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.