Quanex Building Products
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Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. The last earnings update was 46 days ago. More info.
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NX Share Price and Events
7 Day Returns
1 Year Returns
NX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Quanex Building Products (NX) | -3.6% | 1.8% | 9.8% | 0.3% | -13.4% | 1.5% |
| US Building | -2.1% | 1.2% | 4% | 0.5% | 7.1% | 23.9% |
| US Market | -1.2% | 1.2% | 1.7% | 3.4% | 35.5% | 41.6% |
1 Year Return vs Industry and Market
- NX matched the Building industry (0.5%) over the past year.
- NX underperformed the Market in United States of America which returned 3.4% over the past year.
NX Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Quanex Building Products
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Quanex Building Products.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Building Unlevered Beta | Simply Wall St/ S&P Global | 1.13 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.131 (1 + (1- 21%) (38.5%)) |
1.318 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.32 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.318 * 5.96%) |
10.59% |
Discounted Cash Flow Calculation for NYSE:NX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Quanex Building Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.59%) |
|
|---|---|---|---|
| 2020 | 61.22 | Analyst x2 | 55.36 |
| 2021 | 63.95 | Est @ 4.46% | 52.29 |
| 2022 | 66.47 | Est @ 3.94% | 49.15 |
| 2023 | 68.85 | Est @ 3.58% | 46.04 |
| 2024 | 71.14 | Est @ 3.32% | 43.01 |
| 2025 | 73.38 | Est @ 3.15% | 40.12 |
| 2026 | 75.59 | Est @ 3.02% | 37.38 |
| 2027 | 77.81 | Est @ 2.93% | 34.79 |
| 2028 | 80.05 | Est @ 2.87% | 32.36 |
| 2029 | 82.31 | Est @ 2.83% | 30.09 |
| Present value of next 10 years cash flows | $420.59 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $82.31 × (1 + 2.73%) ÷ (10.59% – 2.73%) |
$1,076.41 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,076.41 ÷ (1 + 10.59%)10 |
$393.54 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $420.59 + $393.54 |
$814.13 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $814.13 / 32.86 |
$24.78 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $24.78 |
| Current discount | Discount to share price of
$17.85
= -1 x ($17.85 - $24.78) / $24.78 |
28% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Quanex Building Products's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Quanex Building Products's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Quanex Building Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Quanex Building Products's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-04-30) in USD | $-0.31 |
| NYSE:NX Share Price ** | NYSE (2019-07-19) in USD | $17.85 |
| United States of America Building Industry PE Ratio | Median Figure of 31 Publicly-Listed Building Companies | 18.5x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Quanex Building Products.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:NX Share Price ÷ EPS (both in USD) = 17.85 ÷ -0.31 |
-58.22x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Quanex Building Products is loss making, we can't compare its value to the US Building industry average.
- Quanex Building Products is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Quanex Building Products's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -58.22x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
205.7%per year |
| United States of America Building Industry PEG Ratio | Median Figure of 26 Publicly-Listed Building Companies | 1.32x |
| United States of America Market PEG Ratio | Median Figure of 2,119 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Quanex Building Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Quanex Building Products's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-04-30) in USD | $10.98 |
| NYSE:NX Share Price * | NYSE (2019-07-19) in USD | $17.85 |
| United States of America Building Industry PB Ratio | Median Figure of 37 Publicly-Listed Building Companies | 2.21x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:NX Share Price ÷ Book Value per Share (both in USD) = 17.85 ÷ 10.98 |
1.63x |
* Primary Listing of Quanex Building Products.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Quanex Building Products is good value based on assets compared to the US Building industry average.
Value checks
We assess Quanex Building Products's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Building industry average (and greater than 0)? (1 check) Quanex Building Products has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NX Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Quanex Building Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Quanex Building Products's earnings growth is expected to exceed the United States of America market average.
- Quanex Building Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:NX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 205.7% |
| NYSE:NX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 3.4% |
| United States of America Building Industry Earnings Growth Rate | Market Cap Weighted Average | 12.4% |
| United States of America Building Industry Revenue Growth Rate | Market Cap Weighted Average | 4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-10-31 | 944 | 90 | 32 | 4 |
| 2019-10-31 | 912 | 82 | -3 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-04-30 | 899 | 83 | -10 |
| 2019-01-31 | 895 | 76 | 18 |
| 2018-10-31 | 890 | 105 | 26 |
| 2018-07-31 | 878 | 82 | 31 |
| 2018-04-30 | 868 | 85 | 30 |
| 2018-01-31 | 863 | 85 | 27 |
| 2017-10-31 | 867 | 80 | 19 |
| 2017-07-31 | 884 | 84 | 13 |
| 2017-04-30 | 901 | 79 | -1 |
| 2017-01-31 | 922 | 89 | 2 |
| 2016-10-31 | 928 | 87 | -2 |
| 2016-07-31 | 874 | 89 | 3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Quanex Building Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-10-31 | 0.97 | 1.03 | 0.87 | 3.00 |
| 2019-10-31 | -0.10 | -0.06 | -0.15 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-04-30 | -0.31 |
| 2019-01-31 | 0.52 |
| 2018-10-31 | 0.76 |
| 2018-07-31 | 0.88 |
| 2018-04-30 | 0.87 |
| 2018-01-31 | 0.80 |
| 2017-10-31 | 0.55 |
| 2017-07-31 | 0.39 |
| 2017-04-30 | -0.02 |
| 2017-01-31 | 0.05 |
| 2016-10-31 | -0.05 |
| 2016-07-31 | 0.08 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Quanex Building Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Quanex Building Products's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Quanex Building Products has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NX Past Performance
How has Quanex Building Products performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Quanex Building Products does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Quanex Building Products's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Quanex Building Products's 1-year growth to the US Building industry average as it is not currently profitable.
Earnings and Revenue History
All data from Quanex Building Products Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-04-30 | 898.92 | -10.38 | 106.39 | |
| 2019-01-31 | 894.93 | 17.73 | 106.12 | |
| 2018-10-31 | 889.79 | 26.33 | 103.54 | |
| 2018-07-31 | 877.85 | 30.57 | 96.83 | |
| 2018-04-30 | 868.20 | 30.03 | 95.11 | |
| 2018-01-31 | 863.13 | 27.36 | 98.53 | |
| 2017-10-31 | 866.56 | 18.68 | 101.98 | |
| 2017-07-31 | 883.58 | 13.38 | 98.12 | |
| 2017-04-30 | 901.49 | -0.81 | 104.19 | |
| 2017-01-31 | 921.81 | 1.66 | 110.97 | |
| 2016-10-31 | 928.18 | -1.86 | 109.71 | |
| 2016-07-31 | 874.47 | 2.65 | 110.81 | |
| 2016-04-30 | 806.59 | 13.10 | 107.28 | |
| 2016-01-31 | 719.10 | 11.46 | 93.23 | |
| 2015-10-31 | 645.53 | 15.61 | 86.54 | |
| 2015-07-31 | 613.89 | 8.68 | 84.82 | |
| 2015-04-30 | 603.66 | 10.78 | 77.89 | |
| 2015-01-31 | 596.90 | 6.46 | 78.64 | |
| 2014-10-31 | 595.38 | 8.34 | 82.15 | |
| 2014-07-31 | 598.41 | -0.15 | 83.94 | |
| 2014-04-30 | 585.20 | -3.59 | 88.84 | |
| 2014-01-31 | 575.13 | -8.43 | 96.65 | |
| 2013-10-31 | 554.87 | -12.38 | 97.97 | |
| 2013-07-31 | 623.07 | -5.94 | 105.67 | |
| 2013-04-30 | 704.21 | -9.53 | 107.03 | |
| 2013-01-31 | 773.52 | -14.96 | 104.76 | |
| 2012-10-31 | 478.58 | -6.56 | 92.88 | |
| 2012-07-31 | 826.89 | -11.32 | 96.40 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Quanex Building Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- Quanex Building Products used its assets less efficiently than the US Building industry average last year based on Return on Assets.
- It is difficult to establish if Quanex Building Products improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Quanex Building Products's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Quanex Building Products has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NX Health
How is Quanex Building Products's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Quanex Building Products's finances.
The net worth of a company is the difference between its assets and liabilities.
- Quanex Building Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Quanex Building Products's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Quanex Building Products Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-04-30 | 360.89 | 208.66 | 20.26 |
| 2019-01-31 | 389.80 | 213.59 | 17.46 |
| 2018-10-31 | 394.15 | 195.04 | 29.00 |
| 2018-07-31 | 423.76 | 191.83 | 12.40 |
| 2018-04-30 | 420.33 | 208.44 | 10.10 |
| 2018-01-31 | 422.96 | 216.55 | 13.76 |
| 2017-10-31 | 406.85 | 239.43 | 17.46 |
| 2017-07-31 | 392.67 | 245.30 | 15.79 |
| 2017-04-30 | 373.43 | 267.25 | 14.51 |
| 2017-01-31 | 368.28 | 269.11 | 14.07 |
| 2016-10-31 | 367.83 | 269.53 | 25.53 |
| 2016-07-31 | 373.07 | 297.62 | 32.18 |
| 2016-04-30 | 390.01 | 303.88 | 29.00 |
| 2016-01-31 | 380.79 | 315.08 | 27.75 |
| 2015-10-31 | 395.30 | 56.13 | 23.13 |
| 2015-07-31 | 387.04 | 84.64 | 27.01 |
| 2015-04-30 | 380.25 | 0.63 | 60.03 |
| 2015-01-31 | 381.31 | 0.76 | 63.92 |
| 2014-10-31 | 420.92 | 0.79 | 120.38 |
| 2014-07-31 | 444.36 | 0.82 | 134.23 |
| 2014-04-30 | 436.01 | 0.77 | 126.98 |
| 2014-01-31 | 412.26 | 0.91 | 25.81 |
| 2013-10-31 | 416.19 | 0.86 | 49.73 |
| 2013-07-31 | 413.27 | 1.13 | 16.07 |
| 2013-04-30 | 407.07 | 11.35 | 9.63 |
| 2013-01-31 | 415.10 | 1.47 | 4.56 |
| 2012-10-31 | 421.83 | 1.40 | 71.26 |
| 2012-07-31 | 418.74 | 1.33 | 62.29 |
- Quanex Building Products's level of debt (62.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0.2% vs 62.6% today).
- Debt is well covered by operating cash flow (36.8%, greater than 20% of total debt).
- Quanex Building Products is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Quanex Building Products's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Quanex Building Products has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NX Dividends
What is Quanex Building Products's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Quanex Building Products
shares you are expected to receive
$36
in your first year as a dividend.
Dividend Amount
- Quanex Building Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Quanex Building Products's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Building Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 1.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2016 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-10-31 | 0.32 | 1.00 |
| 2019-10-31 | 0.32 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-06-05 | 0.320 | 1.786 |
| 2019-06-04 | 0.320 | 1.915 |
| 2019-03-06 | 0.320 | 1.978 |
| 2019-03-05 | 0.320 | 1.921 |
| 2018-12-06 | 0.320 | 2.113 |
| 2018-09-07 | 0.320 | 1.944 |
| 2018-09-06 | 0.320 | 1.801 |
| 2018-06-05 | 0.160 | 0.908 |
| 2018-06-04 | 0.160 | 0.899 |
| 2018-03-05 | 0.160 | 0.912 |
| 2017-12-04 | 0.160 | 0.772 |
| 2017-09-06 | 0.160 | 0.739 |
| 2017-05-31 | 0.160 | 0.775 |
| 2017-05-30 | 0.160 | 0.801 |
| 2017-03-06 | 0.160 | 0.807 |
| 2016-12-05 | 0.160 | 0.794 |
| 2016-09-07 | 0.160 | 0.916 |
| 2016-09-06 | 0.160 | 0.842 |
| 2016-06-01 | 0.160 | 0.811 |
| 2016-05-31 | 0.160 | 0.806 |
| 2016-03-08 | 0.160 | 0.888 |
| 2016-03-07 | 0.160 | 0.907 |
| 2015-12-04 | 0.160 | 0.874 |
| 2015-09-04 | 0.160 | 0.838 |
| 2015-06-03 | 0.160 | 0.812 |
| 2015-03-03 | 0.160 | 0.833 |
| 2014-12-04 | 0.160 | 0.841 |
| 2014-09-05 | 0.160 | 0.845 |
| 2014-06-02 | 0.160 | 0.899 |
| 2014-02-28 | 0.160 | 0.824 |
| 2013-12-06 | 0.160 | 0.835 |
| 2013-09-04 | 0.160 | 0.880 |
| 2013-06-07 | 0.160 | 0.936 |
| 2013-03-01 | 0.160 | 0.929 |
| 2012-12-06 | 0.160 | 0.777 |
| 2012-08-30 | 0.160 | 0.823 |
| 2012-05-31 | 0.160 | 0.910 |
| 2012-02-23 | 0.160 | 0.927 |
| 2011-12-12 | 0.160 | 0.986 |
| 2011-08-30 | 0.160 | 1.229 |
| 2011-08-25 | 0.160 | 1.311 |
| 2011-05-31 | 0.160 | 1.075 |
| 2011-02-24 | 0.160 | 0.814 |
| 2010-12-02 | 0.160 | 0.837 |
| 2010-08-26 | 0.160 | 0.915 |
| 2010-05-27 | 0.160 | 0.897 |
| 2010-02-25 | 0.120 | 0.684 |
| 2009-12-03 | 0.120 | 0.727 |
| 2009-09-03 | 0.120 | 0.789 |
| 2009-05-28 | 0.120 | 1.003 |
| 2009-02-26 | 0.120 | 1.424 |
| 2008-12-04 | 0.120 | 1.394 |
| 2008-08-28 | 0.120 | 1.056 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Quanex Building Products's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Quanex Building Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Quanex Building Products has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NX Management
CEO
| COMPENSATION | $3,955,016 |
| AGE | 67 |
| TENURE AS CEO | 6 years |
CEO Bio
Mr. William C. Griffiths, also known as Bill, has been the Chairman of the Board, Chief Executive Officer and President at Quanex Building Products Corporation since July 09, 2013. Mr. Griffiths served as a Consultant at Champion Enterprises Holdings, LLC and served as its Chief Executive Officer and President until June 2010. Mr. Griffiths also served as the President and Chief Executive Officer of Champion Enterprises Inc. from August 1, 2004 to March 19, 2010. Mr. Griffiths served as President of CSMI Inc. and President and Chief Executive Officer of Cygnus Industries Inc. He served as President of Fluid Systems businesses of SPX Corp. from May 2001 to July 31, 2004. From September 1998 to May 2001, he served as President of the Fluid Systems Division of United Dominion Industries Ltd. He joined United Dominion Industries Ltd. in July 1994 as President of Waukesha Cherry-Burrell from 1994 to 1998 and also served as its Senior Vice President. He served as President of United Dominion's Waukesha Cherry-Burrell unit in Delavan, Wisconsin. From 1975 to 1994, Mr. Griffiths served in a variety of mostly senior executive positions at Admac Inc., the Jarvis Clark Company, Tamrock Inc., Ingersoll-Rand and Anglo American Corp. He has thirty years of business experience in line management roles, including international experience. He served as the Chairman of Champion Enterprises Inc. from March 2006 to March 19, 2010 and its Director from August 1, 2004 to March 19, 2010. He has been a Director of Quanex Building Products Corporation since February 2009. He served as Director of Wolverine Tube Inc. from October 19, 2005 to March 24, 2008. He holds a BS with Honors in Mining Engineering from the University of London.
CEO Compensation
- Bill's compensation has increased whilst company is loss making.
- Bill's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Quanex Building Products management team in years:
- The tenure for the Quanex Building Products management team is about average.
Management Team
Bill Griffiths
Chairman of the Board
$4M
67
6 yrs
Scott Zuehlke
VP of Investor Relations
$657K
43
0.1 yrs
George Wilson
VP & COO
$2M
50
1.9 yrs
Kevin Delaney
Senior VP
$2M
57
11.6 yrs
Vince Warne
Director of Technical Services
5.3 yrs
Brian Cummings
President of North American Cabinet Components
3.4 yrs
Chris Alderson
Managing Director of UK & Asia Pacific- Edgetech UK
3.5 yrs
Bob Daniels
President of North American Fenestration
3 yrs
Martin Thurley
Chief Executive Officer of HL Plastics
1.5 yrs
Larry Patterson
Director of Operations
5.3 yrs
Board of Directors Tenure
Average tenure and age of the Quanex Building Products board of directors in years:
- The tenure for the Quanex Building Products board of directors is about average.
Board of Directors
Bill Griffiths
Chairman of the Board
$4M
67
6 yrs
Susan Davis
Director
$160K
65
12.5 yrs
Joe Rupp
Lead Director
$174K
69
Curtis Stevens
Director
$163K
66
8.8 yrs
Bob Buck
Director
$158K
71
7.7 yrs
Don Maier
Director
55
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27. Dec 18 | Buy | Joseph Rupp | Individual | 26. Dec 18 | 27. Dec 18 | 30,000 | $13.06 | $389,616 | ||
Management checks
We assess Quanex Building Products's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Quanex Building Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NX News
Simply Wall St News
Are Insiders Buying Quanex Building Products Corporation (NYSE:NX) Stock?
So shareholders might well want to know whether insiders have been buying or selling shares in Quanex Building Products Corporation (NYSE:NX). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Quanex Building Products The Last 12 Months Of Insider Transactions At Quanex Building Products Over the last year, we can see that the biggest insider purchase was by Lead Director Joseph Rupp for US$390k worth of shares, at about US$13.06 per share. … Quanex Building Products insiders own about US$11m worth of shares.
Simply Wall St - – Full articleIs Quanex Building Products Corporation (NYSE:NX) Trading At A 26% Discount?
Today, we will estimate the stock's intrinsic value by taking the foreast future cash flows of the company and discounting them back to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $61.2m $63.9m $66.5m $68.8m $71.1m $73.4m $75.6m $77.8m $80.0m $82.3m Growth Rate Estimate Source Analyst x2 Est @ 4.46% Est @ 3.94% Est @ 3.58% Est @ 3.32% Est @ 3.15% Est @ 3.02% Est @ 2.93% Est @ 2.87% Est @ 2.83% Present Value ($, Millions) Discounted @ 10.47% $55.4 $52.4 $49.3 $46.2 $43.2 $40.4 $37.7 $35.1 $32.7 $30.4 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $422.8m After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … NYSE:NX Intrinsic value, July 5th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleIncome Investors Should Know That Quanex Building Products Corporation (NYSE:NX) Goes Ex-Dividend Soon
Readers hoping to buy Quanex Building Products Corporation (NYSE:NX) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. … View our latest analysis for Quanex Building Products Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … If Quanex Building Products didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term.
Simply Wall St - – Full articleIs Quanex Building Products Corporation's (NYSE:NX) CEO Salary Justified?
According to our data, Quanex Building Products Corporation has a market capitalization of US$537m, and pays its CEO total annual compensation worth US$4.0m. … Thus we can conclude that Bill Griffiths receives more in total compensation than the median of a group of companies in the same market, and of similar size to Quanex Building Products Corporation. … We compared total CEO remuneration at Quanex Building Products Corporation with the amount paid at companies with a similar market capitalization.
Simply Wall St - – Full articleAt US$16.52, Is Quanex Building Products Corporation (NYSE:NX) Worth Looking At Closely?
Quanex Building Products Corporation (NYSE:NX), which is in the building business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … Let’s examine Quanex Building Products’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. … What’s more interesting is that, Quanex Building Products’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future.
Simply Wall St - – Full articleWhat To Know Before Buying Quanex Building Products Corporation (NYSE:NX) For Its Dividend
Dividend paying stocks like Quanex Building Products Corporation (NYSE:NX) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … A 1.9% yield is nothing to get excited about, but investors probably think the long payment history suggests Quanex Building Products has some staying power. … Explore this interactive chart for our latest analysis on Quanex Building Products!
Simply Wall St - – Full articleDoes Market Volatility Impact Quanex Building Products Corporation's (NYSE:NX) Share Price?
If you're interested in Quanex Building Products Corporation (NYSE:NX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleIs Quanex Building Products Corporation's (NYSE:NX) Balance Sheet Strong Enough To Weather A Storm?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleDid Changing Sentiment Drive Quanex Building Products's (NYSE:NX) Share Price Down By 20%?
Quanex Building Products Corporation (NYSE:NX) shareholders should be happy to see the share price up 15% in the last quarter. … During five years of share price growth, Quanex Building Products moved from a loss to profitability. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
Simply Wall St - – Full articleBased On Its ROE, Is Quanex Building Products Corporation (NYSE:NX) A High Quality Stock?
We'll use ROE to examine Quanex Building Products Corporation (NYSE:NX), by way of a worked example. … Over the last twelve months Quanex Building Products has recorded a ROE of 4.5%. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleNX Company Info
Description
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry. It also provides various non-fenestration components and products, including solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components. The company sells its products to OEMs in the building products industry through sales representatives, direct sales force, distributors, and independent sales agents. Quanex Building Products Corporation was founded in 1927 and is headquartered in Houston, Texas.
Details
| Name: | Quanex Building Products Corporation |
| NX | |
| Exchange: | NYSE |
| Founded: | 1927 |
| $586,510,177 | |
| 32,857,713 | |
| Website: | http://www.quanex.com |
| Address: |
Quanex Building Products Corporation 1800 West Loop South, Suite 1500, Houston, Texas, 77027, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | NX | Common Stock | New York Stock Exchange | US | USD | 14. Apr 2008 | |
| DB | 4Q2 | Common Stock | Deutsche Boerse AG | DE | EUR | 14. Apr 2008 |
Number of employees
Current staff
Industry
| Building Products | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/21 00:36 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/06/14 |
| Last earnings filing: | 2019/06/05 |
| Last earnings reported: | 2019/04/30 |
| Last annual earnings reported: | 2018/10/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
