NYSE:PGTI

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Executive Summary

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.


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

How has Innovations's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PGTI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.7%

PGTI

8.3%

US Building

3.8%

US Market


1 Year Return

1.6%

PGTI

-1.0%

US Building

9.7%

US Market

Return vs Industry: PGTI exceeded the US Building industry which returned -1% over the past year.

Return vs Market: PGTI underperformed the US Market which returned 9.7% over the past year.


Shareholder returns

PGTIIndustryMarket
7 Day18.7%8.3%3.8%
30 Day57.1%23.3%11.4%
90 Day3.6%-4.2%6.8%
1 Year1.6%1.6%6.5%-1.0%12.1%9.7%
3 Year32.4%32.4%19.3%8.4%36.2%27.2%
5 Year20.4%20.4%42.7%19.5%63.7%45.4%

Price Volatility Vs. Market

How volatile is Innovations's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

16.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGTI ($16.15) is trading below our estimate of fair value ($19.36)

Significantly Below Fair Value: PGTI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PGTI is good value based on its PE Ratio (18.5x) compared to the Building industry average (19.5x).

PE vs Market: PGTI is poor value based on its PE Ratio (18.5x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: PGTI is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: PGTI is good value based on its PB Ratio (2.1x) compared to the US Building industry average (2.1x).


Next Steps

Future Growth

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

20.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGTI's forecast earnings growth (20.6% per year) is above the savings rate (2.2%).

Earnings vs Market: PGTI's earnings (20.6% per year) are forecast to grow slower than the US market (22.4% per year).

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

Revenue vs Market: PGTI's revenue (6.2% per year) is forecast to grow slower than the US market (8.7% per year).

High Growth Revenue: PGTI's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PGTI's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has Innovations performed over the past 5 years?

23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGTI has high quality earnings.

Growing Profit Margin: PGTI's current net profit margins (6.4%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: PGTI's earnings have grown significantly by 23.9% per year over the past 5 years.

Accelerating Growth: PGTI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PGTI had negative earnings growth (-6.3%) over the past year, making it difficult to compare to the Building industry average (-6.8%).


Return on Equity

High ROE: PGTI's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is Innovations's financial position?


Financial Position Analysis

Short Term Liabilities: PGTI's short term assets ($249.2M) exceed its short term liabilities ($82.4M).

Long Term Liabilities: PGTI's short term assets ($249.2M) do not cover its long term liabilities ($498.1M).


Debt to Equity History and Analysis

Debt Level: PGTI's debt to equity ratio (94.6%) is considered high.

Reducing Debt: PGTI's debt to equity ratio has reduced from 236% to 94.6% over the past 5 years.

Debt Coverage: PGTI's debt is well covered by operating cash flow (21.7%).

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


Balance Sheet


Next Steps

Dividend

What is Innovations's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PGTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PGTI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PGTI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PGTI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PGTI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Jeff Jackson (53yo)

2.42yrs

Tenure

US$2,489,023

Compensation

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 Of ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD2.49M) is about average for companies of similar size in the US market ($USD3.10M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rodney Hershberger
Co-Founder & Chairman of the Board6.33yrsUS$138.50k2.41% $23.0m
Jeffrey Jackson
President2.42yrsUS$2.49m0.74% $7.1m
Sherri Baker
Senior VP & CFO1.17yrsUS$887.84k0.060% $575.1k
Bradley West
Senior VP of Corporate Development & Treasurer1.17yrsUS$563.10k0.17% $1.6m
Brent Boydston
Senior Vice President of Corporate Sales & Innovation1.42yrsUS$599.05k0.059% $564.5k
Robert Keller
Senior VP & President of Southeast Business Unit1.42yrsUS$695.76k0.075% $711.5k
Stephanie Cz
Communications Managerno datano datano data
Amy Rahn
Senior VP & Chief Marketing Officer0.42yrno datano data
Deborah LaPinska
Senior Vice President of Human Resources6.42yrsUS$349.93kno data
David McCutcheon
Senior VP of Business Integrationno dataUS$553.72kno data

1.4yrs

Average Tenure

53yo

Average Age

Experienced Management: PGTI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rodney Hershberger
Co-Founder & Chairman of the Board6.33yrsUS$138.50k2.41% $23.0m
Jeffrey Jackson
President2.42yrsUS$2.49m0.74% $7.1m
Floyd Sherman
Independent Director15.42yrsUS$133.50k0.049% $468.3k
Frances R. Hawes
Independent Director1.42yrsUS$156.19k0.020% $188.0k
Brett Milgrim
Independent Director17.42yrsUS$133.50k0.11% $1.0m
Sheree Bargabos
Independent Director4.33yrsUS$133.50k0.044% $419.8k
Alexander Castaldi
Independent Director16.42yrsUS$136.25k0.24% $2.2m
Richard Feintuch
Independent Director14.42yrsUS$141.00k0.19% $1.8m
William Morgan
Independent Director13yrsUS$143.50k0.11% $1.0m

13.0yrs

Average Tenure

64yo

Average Age

Experienced Board: PGTI's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PGTI 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

PGT Innovations, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PGT Innovations, Inc.
  • Ticker: PGTI
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: US$951.651m
  • Shares outstanding: 58.93m
  • Website: https://pgtinnovations.com

Number of Employees


Location

  • PGT Innovations, Inc.
  • 1070 Technology Drive
  • North Venice
  • Florida
  • 34275
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGTINYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2006
P9IDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2006

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 03:33
End of Day Share Price2020/06/05 00:00
Earnings2020/04/04
Annual Earnings2019/12/28


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.