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Innovations

NYSE:PGTI
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGTI
NYSE
$882M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

PGT Innovations, Inc. manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The last earnings update was 18 days ago. More info.


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PGTI Share Price and Events
7 Day Returns
-0.6%
NYSE:PGTI
-1.4%
US Building
-0.7%
US Market
1 Year Returns
-25.2%
NYSE:PGTI
-1.3%
US Building
3%
US Market
PGTI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Innovations (PGTI) -0.6% 4.6% -15.5% -25.2% 44.6% 83.8%
US Building -1.4% 1% 4.5% -1.3% 11.8% 18.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • PGTI underperformed the Building industry which returned -1.3% over the past year.
  • PGTI underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
PGTI
Industry
5yr Volatility vs Market

PGTI Value

 Is Innovations undervalued based on future cash flows and its price relative to the stock market?

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 Innovations 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Innovations.

NYSE:PGTI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:PGTI
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 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.155 (1 + (1- 21%) (45.33%))
1.381
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.381 * 5.96%)
10.96%

Discounted Cash Flow Calculation for NYSE:PGTI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Innovations 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.

NYSE:PGTI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.96%)
2019 67.53 Analyst x4 60.85
2020 79.50 Analyst x4 64.57
2021 82.00 Analyst x1 60.02
2022 93.00 Analyst x1 61.34
2023 106.00 Analyst x1 63.01
2024 114.32 Est @ 7.85% 61.24
2025 121.54 Est @ 6.32% 58.68
2026 127.91 Est @ 5.24% 55.65
2027 133.65 Est @ 4.49% 52.40
2028 138.95 Est @ 3.96% 49.10
Present value of next 10 years cash flows $586.87
NYSE:PGTI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $138.95 × (1 + 2.73%) ÷ (10.96% – 2.73%)
$1,733.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,733.71 ÷ (1 + 10.96%)10
$612.62
NYSE:PGTI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $586.87 + $612.62
$1,199.49
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,199.49 / 58.35
$20.56
NYSE:PGTI Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.56
Current discount Discount to share price of $15.11
= -1 x ($15.11 - $20.56) / $20.56
26.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Innovations is available for.
Intrinsic value
27%
Share price is $15.11 vs Future cash flow value of $20.56
Current Discount Checks
For Innovations to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Innovations's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Innovations'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 Innovations's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Innovations's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PGTI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $1.01
NYSE:PGTI Share Price ** NYSE (2019-05-17) in USD $15.11
United States of America Building Industry PE Ratio Median Figure of 31 Publicly-Listed Building Companies 19.45x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Innovations.

NYSE:PGTI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PGTI Share Price ÷ EPS (both in USD)

= 15.11 ÷ 1.01

15.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovations is good value based on earnings compared to the US Building industry average.
  • Innovations is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Innovations's expected growth come at a high price?
Raw Data
NYSE:PGTI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
14.9%per year
United States of America Building Industry PEG Ratio Median Figure of 27 Publicly-Listed Building Companies 1.27x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:PGTI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.02x ÷ 14.9%

1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovations is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Innovations's assets?
Raw Data
NYSE:PGTI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $6.79
NYSE:PGTI Share Price * NYSE (2019-05-17) in USD $15.11
United States of America Building Industry PB Ratio Median Figure of 36 Publicly-Listed Building Companies 2.24x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:PGTI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PGTI Share Price ÷ Book Value per Share (both in USD)

= 15.11 ÷ 6.79

2.22x

* Primary Listing of Innovations.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovations is good value based on assets compared to the US Building industry average.
X
Value checks
We assess Innovations's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Innovations has a total score of 4/6, 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.

PGTI Future Performance

 How is Innovations expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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!
Annual Growth Rate
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Innovations expected to grow at an attractive rate?
  • Innovations's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Innovations's earnings growth is expected to exceed the United States of America market average.
  • Innovations's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PGTI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PGTI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 14.9%
NYSE:PGTI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 4.7%
United States of America Building Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
United States of America Building Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
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 7.3%

*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
Raw Data
NYSE:PGTI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PGTI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 938 134 108 2
2022-12-31 902 123 94 2
2021-12-31 865 112 83 3
2020-12-31 827 104 71 9
2019-12-31 787 91 59 10
NYSE:PGTI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 732 92 55
2018-12-29 698 100 54
2018-09-29 643 79 64
2018-06-30 570 72 56
2018-03-31 539 55 44
2017-12-30 511 49 40
2017-09-30 486 48 24
2017-07-01 489 40 28
2017-04-01 471 43 25
2016-12-31 459 46 24
2016-10-01 442 44 23
2016-07-02 413 46 19
2016-04-02 395 28 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Innovations's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • Innovations's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PGTI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Innovations Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PGTI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.75 1.75 1.75 1.00
2022-12-31 1.55 1.55 1.55 1.00
2021-12-31 1.42 1.45 1.38 2.00
2020-12-31 1.20 1.40 1.11 6.00
2019-12-31 1.00 1.07 0.96 7.00
NYSE:PGTI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 1.01
2018-12-29 1.03
2018-09-29 1.27
2018-06-30 1.13
2018-03-31 0.89
2017-12-30 0.80
2017-09-30 0.48
2017-07-01 0.57
2017-04-01 0.52
2016-12-31 0.49
2016-10-01 0.48
2016-07-02 0.39
2016-04-02 0.38

*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.
  • Innovations is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Innovations's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Innovations has a total score of 2/6, 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.

PGTI Past Performance

  How has Innovations 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
Below we compare Innovations's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Innovations has delivered over 20% year on year earnings growth in the past 5 years.
  • Innovations's 1-year earnings growth is less than its 5-year average (24.3% vs 25.6%)
  • Innovations's earnings growth has not exceeded the US Building industry average in the past year (24.3% vs 24.3%).
Earnings and Revenue History
Innovations's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Innovations Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PGTI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 731.98 54.85 155.77
2018-12-29 698.49 53.93 143.51
2018-09-29 642.71 63.75 128.21
2018-06-30 570.50 56.47 111.61
2018-03-31 538.61 44.18 102.38
2017-12-30 511.08 39.84 96.50
2017-09-30 486.49 23.67 91.47
2017-07-01 489.42 28.17 90.45
2017-04-01 471.07 25.27 86.42
2016-12-31 458.55 23.75 83.10
2016-10-01 442.05 23.40 79.70
2016-07-02 412.92 18.95 73.53
2016-04-02 394.72 18.38 69.69
2016-01-02 389.81 23.55 68.19
2015-10-03 381.52 22.70 66.36
2015-07-04 358.18 18.68 62.79
2015-04-04 338.97 19.71 58.96
2015-01-03 306.39 16.41 54.68
2014-09-27 283.70 18.83 52.60
2014-06-28 271.24 22.79 51.71
2014-03-29 252.46 24.91 53.05
2013-12-28 239.30 26.82 54.59
2013-09-28 222.48 24.67 51.11
2013-06-29 202.36 21.10 50.79
2013-03-30 186.00 14.87 48.41
2012-12-29 174.54 8.96 47.09
2012-09-29 165.04 -0.55 46.83
2012-06-30 166.05 -3.03 46.76

*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.
  • Innovations has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Innovations used its assets more efficiently than the US Building industry average last year based on Return on Assets.
  • Innovations's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Innovations's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Innovations has a total score of 2/6, 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.

PGTI Health

 How is Innovations'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 Innovations's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Innovations is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Innovations's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Innovations's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x 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.
Raw Data

All data from Innovations Company Filings, last reported 1 month ago.

NYSE:PGTI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 395.85 399.65 44.94
2018-12-29 385.54 366.78 52.65
2018-09-29 376.35 374.15 32.16
2018-06-30 208.84 215.38 63.92
2018-03-31 184.54 214.91 34.05
2017-12-30 175.33 212.97 34.03
2017-09-30 154.49 231.47 44.73
2017-07-01 147.48 249.27 50.28
2017-04-01 136.42 248.56 38.92
2016-12-31 132.85 247.87 39.21
2016-10-01 127.67 247.20 29.90
2016-07-02 114.79 250.97 29.51
2016-04-02 106.54 250.97 16.70
2016-01-02 106.96 190.77 61.49
2015-10-03 102.67 192.78 54.79
2015-07-04 95.13 193.09 47.49
2015-04-04 81.64 193.40 48.74
2015-01-03 73.98 193.75 42.47
2014-09-27 71.76 195.38 43.68
2014-06-28 65.58 76.66 33.43
2014-03-29 53.85 77.15 30.79
2013-12-28 49.08 77.89 30.23
2013-09-28 43.15 78.87 23.78
2013-06-29 34.71 78.03 15.58
2013-03-30 73.99 30.00 14.29
2012-12-29 74.21 37.50 18.74
2012-09-29 74.59 40.50 19.67
2012-06-30 71.02 43.50 15.70
  • Innovations's level of debt (101%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (142.6% vs 101% today).
  • Debt is well covered by operating cash flow (23.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Innovations's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Innovations has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

PGTI Dividends

 What is Innovations'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
Dividend payments
0%
Current annual income from Innovations dividends. Estimated to be 0% next year.
If you bought $2,000 of Innovations shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Innovations's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Innovations's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
NYSE:PGTI Annualized Past and Future Dividends
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 10 Analyst Estimates (S&P Global) See Below
United States of America Building Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
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 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:PGTI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Innovations has not reported any payouts.
  • Unable to verify if Innovations's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Innovations's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Innovations has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Innovations's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Innovations's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Innovations afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Innovations has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PGTI Management

 What is the CEO of Innovations's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Jackson
COMPENSATION $2,325,187
AGE 52
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jeffrey T. Jackson, also known as Jeff, CPA, has been the Chief Executive Officer and President of PGT Innovations, Inc. since January 1, 2018 and May 2014 respectively. He served as Chief Operating Officer of PGT Innovations, Inc from May 2014 to January 1, 2018. Mr. Jackson has been a Director of PGT Innovations, Inc. since 2016. He has been the President and Chief Operating Officer of CGI Windows & Doors, Inc. since September 2014. Mr. Jackson has been the President and Chief Operating Officer of PGT Industries, Inc. since 2014 and served as its Chief Financial Officer, Executive Vice President and Treasurer. He served as the Chief Financial Officer of PGT Innovations, Inc. since November 2005 to June 1, 2014. He served as Treasurer of PGT Innovations, Inc. since November 2005 and served as its Principal Accounting Officer and Executive Vice President of Operations until June 1, 2014. He served as a Corporate Controller of The Hershey Company since April 2004. From 1999 to 2004, he served as Senior Vice President, Chief Financial Officer for Mrs. Smith's Bakeries, LLC, a division of Flowers Foods, Inc. He has over sixteen years of increasing responsibility in various executive management roles with various companies, including Division Chief Financial Officer, Vice President Corporate Controller and Senior Vice President of Operations. Mr. Jackson joined PGT in November 2005. He has over sixteen years in Executive Management roles, including Division Chief Financial Officer, Vice President Corporate Controller and Senior Vice President of Operations. Mr. Jackson earned a B.B.A. from the University of West Georgia and is a Certified Public Accountant in Georgia and California.

CEO Compensation
  • Jeff's compensation has increased by more than 20% in the past year.
  • Jeff's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Innovations management team in years:

0.5
Average Tenure
52
Average Age
  • The average tenure for the Innovations management team is less than 2 years, this suggests a new team.
Management Team

Rod Hershberger

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$139K
AGE
61
TENURE
39.3 yrs

Jeff Jackson

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
1.3 yrs

Brad West

TITLE
Senior VP of Corporate Development & Treasurer
COMPENSATION
$709K
AGE
52
TENURE
0.1 yrs

Brent Boydston

TITLE
Senior Vice President of Corporate Sales & Marketing
COMPENSATION
$590K
AGE
49
TENURE
0.3 yrs

Bob Keller

TITLE
Senior VP & President of Southeast Business Unit
COMPENSATION
$688K
AGE
46
TENURE
0.3 yrs

Sherri Baker

TITLE
Senior VP & CFO
TENURE
0.1 yrs

John Engelstad

TITLE
Chief Information Officer
TENURE
0.6 yrs

Stephanie Cz

TITLE
Communications Manager

Debbie LaPinska

TITLE
Senior Vice President of Human Resources
COMPENSATION
$350K
AGE
56
TENURE
5.3 yrs

David McCutcheon

TITLE
Senior VP of Business Integration
COMPENSATION
$554K
AGE
52
Board of Directors Tenure

Average tenure and age of the Innovations board of directors in years:

12.3
Average Tenure
64
Average Age
  • The average tenure for the Innovations board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jeff Jackson

TITLE
President
COMPENSATION
$2M
AGE
52
TENURE
3.3 yrs

Alexander Castaldi

TITLE
Independent Director
COMPENSATION
$136K
AGE
68
TENURE
15.3 yrs

Rod Hershberger

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$139K
AGE
61
TENURE
5.3 yrs

Richard Feintuch

TITLE
Independent Director
COMPENSATION
$180K
AGE
65
TENURE
13.3 yrs

Bill Morgan

TITLE
Independent Director
COMPENSATION
$144K
AGE
71
TENURE
11.9 yrs

Brett Milgrim

TITLE
Independent Director
COMPENSATION
$134K
AGE
49
TENURE
16.3 yrs

M. McHugh

TITLE
Independent Director
COMPENSATION
$134K
AGE
80
TENURE
12.7 yrs

Floyd Sherman

TITLE
Independent Director
COMPENSATION
$134K
AGE
78
TENURE
14.3 yrs

Sheree Bargabos

TITLE
Independent Director
COMPENSATION
$134K
AGE
62
TENURE
3.3 yrs

Frances R. Hawes

TITLE
Independent Director
AGE
63
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Innovations insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Mar 19 Buy Jeffrey Jackson Individual 06. Mar 19 06. Mar 19 4,000 $14.06 $56,240
05. Mar 19 Buy Richard Feintuch Individual 04. Mar 19 05. Mar 19 4,000 $14.70 $58,150
05. Mar 19 Buy Jeffrey Jackson Individual 05. Mar 19 05. Mar 19 3,000 $14.35 $43,050
18. Dec 18 Sell Brett Milgrim Individual 14. Dec 18 14. Dec 18 -5,760 $16.58 $-95,501
X
Management checks
We assess Innovations's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Innovations 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.

PGTI News

Simply Wall St News

Why PGT Innovations, Inc. (NYSE:PGTI) Could Be Worth Watching

See our latest analysis for Innovations Is Innovations still cheap? … With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. … Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy PGTI.

Simply Wall St -

Have Insiders Been Buying PGT Innovations, Inc. (NYSE:PGTI) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … Innovations Insider Transactions Over The Last Year. … In the last twelve months, the biggest single sale by an insider was when the Independent Director, Brett Milgrim, sold US$96k worth of shares at a price of US$16.58 per share.

Simply Wall St -

How Does PGT Innovations, Inc. (NYSE:PGTI) Affect Your Portfolio Volatility?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … 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 -

Is PGT Innovations, Inc. (NYSE:PGTI) Better Than Average At Deploying Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Innovations (NYSE:PGTI) Passed With Ease

If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS). … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

PGT Innovations, Inc. (NYSE:PGTI): What We Can Expect From This Growth Stock

(NYSE:PGTI) released its earnings update. … analyst consensus outlook appear cautiously subdued, … with earnings expected to grow by 9.1% in the upcoming year

Simply Wall St -

Why PGT Innovations, Inc. (NYSE:PGTI) Could Be Your Next Investment

(NYSE:PGTI) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of PGTI, it

Simply Wall St -

Do You Know What PGT Innovations, Inc.'s (NYSE:PGTI) P/E Ratio Means?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Innovations has a price to earnings ratio of 13.88, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

PGT Innovations, Inc. (NYSE:PGTI): Cash Is King

Today we will examine Innovations’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Innovations generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of Innovations’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Is PGT Innovations, Inc.'s (NYSE:PGTI) Growth Strong Enough To Justify Its February Share Price?

Growth expectations for PGT Innovations, Inc. … (NYSE:PGTI) are high, but many investors are starting to ask whether its last close at $15.2 can still be rationalized by the future potential. … Innovations's extremely high growth potential in the near future is attracting investors

Simply Wall St -

PGTI Company Info

Description

PGT Innovations, Inc. manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones. The company also provides customizable non-impact-resistant aluminum frame windows and doors; and non-glass vertical and horizontal sliding panels for porch enclosures, including vinyl-glazed aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather, as well as cabana doors. In addition, it offers premium aluminum impact-resistant products; aluminum impact-resistant windows and doors; vinyl energy-efficient impact-resistant windows; and commercial storefront window system and entry doors. Further, it provides high-end luxury aluminum doors and windows, such as impact and non-impact sliding glass doors and terrace doors, fixed picture windows, single hung windows, and horizontal rolling windows; aluminum thermally broken doors and windows; fixed and operating windows, as well as well as sliding, folding, and hinged doors; and moving glass walls and windows. The company offers its products under the PGT, CGI, and WinDoor brands, as well as WinGuard, WinGuard Vinyl, EnergyVue, Eze-Breeze, Estate Collection, Sentinel, Estate Entrances, Commercial Series, and Targa names. It serves residential new construction, and home repair and remodeling end markets through window and building supply distributors, window replacement dealers, and enclosure contractors. The company was formerly known as PGT, Inc. and changed its name to PGT Innovations, Inc. in December 2016. PGT Innovations, Inc. was founded in 1980 and is headquartered in North Venice, Florida.

Details
Name: PGT Innovations, Inc.
PGTI
Exchange: NYSE
Founded: 1980
$881,626,388
58,347,213
Website: http://pgtinnovations.com
Address: PGT Innovations, Inc.
1070 Technology Drive,
North Venice,
Florida, 34275,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PGTI Common Stock New York Stock Exchange US USD 28. Jun 2006
DB P9I Common Stock Deutsche Boerse AG DE EUR 28. Jun 2006
Number of employees
Current staff
Staff numbers
3,000
Innovations employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:03
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


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.