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GFF

Griffon NYSE:GFF Stock Report

Last Price

US$29.99

Market Cap

US$1.6b

7D

26.4%

1Y

13.2%

Updated

19 May, 2022

Data

Company Financials +
GFF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends3/6

GFF Stock Overview

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.

Griffon Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Griffon
Historical stock prices
Current Share PriceUS$29.99
52 Week HighUS$31.70
52 Week LowUS$17.56
Beta1.75
1 Month Change57.35%
3 Month Change32.82%
1 Year Change13.21%
3 Year Change100.87%
5 Year Change35.39%
Change since IPO1,659.41%

Recent News & Updates

May 12
Griffon (NYSE:GFF) Has Affirmed Its Dividend Of US$0.09

Griffon (NYSE:GFF) Has Affirmed Its Dividend Of US$0.09

Griffon Corporation ( NYSE:GFF ) has announced that it will pay a dividend of US$0.09 per share on the 16th of June...

May 09

Griffon Corporation: A Small Holding Company Worth Consideration

Griffon Corporation is a niche holding company that has undergone a lot of changes in recent years. Despite this, overall financial performance is solid and the company looks like an appealing prospect at current prices. Debt does hinder the company's potential to some degree though.

May 03
Is It Time To Consider Buying Griffon Corporation (NYSE:GFF)?

Is It Time To Consider Buying Griffon Corporation (NYSE:GFF)?

Griffon Corporation ( NYSE:GFF ), might not be a large cap stock, but it received a lot of attention from a substantial...

Shareholder Returns

GFFUS BuildingUS Market
7D26.4%-0.4%0.1%
1Y13.2%-19.2%-12.7%

Return vs Industry: GFF exceeded the US Building industry which returned -18.6% over the past year.

Return vs Market: GFF exceeded the US Market which returned -11.5% over the past year.

Price Volatility

Is GFF's price volatile compared to industry and market?
GFF volatility
GFF Average Weekly Movement10.6%
Building Industry Average Movement6.3%
Market Average Movement8.0%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: GFF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: GFF's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19596,700Ron Kramerhttps://www.griffon.com

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. 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, as well as cleaning products for professional, home, and industrial use. The company’s Home & Building Products segment manufactures and markets residential and commercial garage doors for professional dealers and various home center retail chains; and rolling steel door and grille products 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$1.62b
Earnings (TTM)US$103.17m
Revenue (TTM)US$2.53b

15.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GFF income statement (TTM)
RevenueUS$2.53b
Cost of RevenueUS$1.77b
Gross ProfitUS$751.78m
Other ExpensesUS$648.61m
EarningsUS$103.17m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.90
Gross Margin29.76%
Net Profit Margin4.08%
Debt/Equity Ratio221.0%

How did GFF perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


47.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GFF ($29.99) is trading below our estimate of fair value ($56.83)

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 (15.8x) compared to the US Building industry average (16.5x).

PE vs Market: GFF is poor value based on its PE Ratio (15.8x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: GFF is poor value based on its PEG Ratio (1.1x)


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 (2.2x).


Future Growth

How is Griffon forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GFF's forecast earnings growth (14.6% per year) is above the savings rate (1.9%).

Earnings vs Market: GFF's earnings (14.6% per year) are forecast to grow faster than the US market (12.4% per year).

High Growth Earnings: GFF's earnings are forecast to grow, but not significantly.

Revenue vs Market: GFF's revenue (5.6% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: GFF's revenue (5.6% 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?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GFF has high quality earnings.

Growing Profit Margin: GFF's current net profit margins (4.1%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: GFF's earnings have grown significantly by 31.8% per year over the past 5 years.

Accelerating Growth: GFF's earnings growth over the past year (38.5%) exceeds its 5-year average (31.8% per year).

Earnings vs Industry: GFF earnings growth over the past year (38.5%) exceeded the Building industry 27.3%.


Return on Equity

High ROE: GFF's Return on Equity (11.7%) is considered low.


Financial Health

How is Griffon's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GFF's short term assets ($1.7B) exceed its short term liabilities ($583.3M).

Long Term Liabilities: GFF's short term assets ($1.7B) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: GFF's net debt to equity ratio (207%) is considered high.

Reducing Debt: GFF's debt to equity ratio has reduced from 267.2% to 221% over the past 5 years.

Debt Coverage: GFF's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GFF's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GFF's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: GFF's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (4.07%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.9%), GFF's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: GFF is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

9.4yrs

Average management tenure


CEO

Ron Kramer (63 yo)

14.08yrs

Tenure

US$19,698,397

Compensation

Mr. Ronald J. Kramer, also known as Ron, serves as Independent Director of Business Development Corporation of America since October 28, 2016. He serves as Independent Director of Douglas Elliman Inc. sinc...


CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD19.70M) is above average for companies of similar size in the US market ($USD5.41M).

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 (9.4 years average tenure).


Board Members

Experienced Board: GFF's board of directors are considered experienced (7 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
  • Implied Market Cap: US$1.625b
  • Shares outstanding: 54.44m
  • 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 Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.