NYSE:PGTI

Stock Analysis Report

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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. More Details


Snowflake Analysis

Fair value with moderate growth potential.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.1%

PGTI

-0.4%

US Building

-0.4%

US Market


1 Year Return

-3.1%

PGTI

12.7%

US Building

18.3%

US Market

Return vs Industry: PGTI underperformed the US Building industry which returned 12.7% over the past year.

Return vs Market: PGTI underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

PGTIIndustryMarket
7 Day-4.1%-0.4%-0.4%
30 Day5.2%9.2%6.6%
90 Day2.7%16.5%8.6%
1 Year-3.1%-3.1%20.5%12.7%21.0%18.3%
3 Year24.8%24.8%35.7%23.7%42.1%32.7%
5 Year47.4%47.4%84.3%56.1%85.6%64.7%

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?

29.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGTI ($17.78) is trading below our estimate of fair value ($25.32)

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


Price To Earnings Ratio

PE vs Industry: PGTI is poor value based on its PE Ratio (28.8x) compared to the US Building industry average (26.5x).

PE vs Market: PGTI is poor value based on its PE Ratio (28.8x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: PGTI is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: PGTI is good value based on its PB Ratio (2.3x) compared to the US Building industry average (2.9x).


Next Steps

Future Growth

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

24.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGTI's forecast earnings growth (24.6% per year) is above the savings rate (2.2%).

Earnings vs Market: PGTI's earnings (24.6% per year) are forecast to grow faster than the US market (22.1% per year).

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

Revenue vs Market: PGTI's revenue (5.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: PGTI's revenue (5.3% 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 PGTI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Innovations performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGTI has a large one-off loss of $16.6M impacting its July 4 2020 financial results.

Growing Profit Margin: PGTI's current net profit margins (4.5%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: PGTI's earnings have grown significantly by 20.8% 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 (-26.8%) over the past year, making it difficult to compare to the Building industry average (-10.8%).


Return on Equity

High ROE: PGTI's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Innovations's financial position?


Financial Position Analysis

Short Term Liabilities: PGTI's short term assets ($277.1M) exceed its short term liabilities ($95.6M).

Long Term Liabilities: PGTI's short term assets ($277.1M) do not cover its long term liabilities ($494.3M).


Debt to Equity History and Analysis

Debt Level: PGTI's debt to equity ratio (93.5%) is considered high.

Reducing Debt: PGTI's debt to equity ratio has reduced from 202.6% to 93.5% over the past 5 years.

Debt Coverage: PGTI's debt is not well covered by operating cash flow (19.7%).

Interest Coverage: PGTI's interest payments on its debt are well covered by EBIT (3.3x 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?

1.8yrs

Average management tenure


CEO

Jeff Jackson (54 yo)

2.75yrs

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 ($USD2.49M) is about average for companies of similar size in the US market ($USD2.94M).

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 Board6.67yrsUS$138.50k2.34%
$ 24.6m
Jeffrey Jackson
President2.75yrsUS$2.49m0.74%
$ 7.8m
Sherri Baker
Senior VP & CFO1.5yrsUS$887.84k0.060%
$ 633.1k
Bradley West
Senior VP of Corporate Development & Treasurer1.5yrsUS$563.10k0.17%
$ 1.8m
Brent Boydston
Senior Vice President of Corporate Sales & Innovation1.75yrsUS$599.05k0.059%
$ 621.5k
Robert Keller
Senior VP & President of Southeast Business Unit1.75yrsUS$695.76k0.075%
$ 783.2k
Stephanie Cz
Communications Managerno datano datano data
Amy Rahn
Senior VP & Chief Marketing Officer0.75yrno datano data
Deborah LaPinska
Senior Vice President of Human Resources6.75yrsUS$349.93kno data
David McCutcheon
Senior VP of Business Integrationno dataUS$553.72kno data
Mike Wothe
President of Western Window Systems0.83yrno data0.012%
$ 122.1k
Raoul Quijada
VP & Corporate Controller2.25yrsno datano data

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: PGTI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rodney Hershberger
Co-Founder & Chairman of the Board6.67yrsUS$138.50k2.34%
$ 24.6m
Jeffrey Jackson
President2.75yrsUS$2.49m0.74%
$ 7.8m
Floyd Sherman
Independent Director15.75yrsUS$133.50k0.049%
$ 515.6k
Frances R. Hawes
Independent Director1.75yrsUS$156.19k0.020%
$ 206.9k
Brett Milgrim
Independent Director17.75yrsUS$133.50k0.11%
$ 1.1m
Sheree Bargabos
Independent Director4.67yrsUS$133.50k0.044%
$ 462.1k
Alexander Castaldi
Independent Director16.75yrsUS$136.25k0.24%
$ 2.5m
Richard Feintuch
Independent Director14.75yrsUS$141.00k0.19%
$ 2.0m
William Morgan
Independent Director13.33yrsUS$143.50k0.11%
$ 1.1m

13.3yrs

Average Tenure

65yo

Average Age

Experienced Board: PGTI's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PGTI insiders have only sold shares 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$1.048b
  • Shares outstanding: 58.96m
  • 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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:56
End of Day Share Price2020/10/23 00:00
Earnings2020/07/04
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.