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TREX

Trex Company NYSE:TREX Stock Report

Last Price

US$46.60

Market Cap

US$5.1b

7D

0.6%

1Y

-55.6%

Updated

28 Sep, 2022

Data

Company Financials +
TREX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

TREX Stock Overview

Trex Company, Inc. manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States.

Trex Company Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trex Company
Historical stock prices
Current Share PriceUS$46.60
52 Week HighUS$140.98
52 Week LowUS$42.81
Beta1.56
1 Month Change-1.31%
3 Month Change-14.37%
1 Year Change-55.55%
3 Year Change7.72%
5 Year Change110.62%
Change since IPO3,177.36%

Recent News & Updates

Sep 16
Is Now The Time To Put Trex Company (NYSE:TREX) On Your Watchlist?

Is Now The Time To Put Trex Company (NYSE:TREX) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Sep 02

Trex Company Is Still Full Of Value

Summary Trex Company, Inc. has benefited from the stay-at-home trend during the pandemic that boosted revenue for home improvement products like composite decking. Trex has produced impressive revenue growth over the past ten years. Despite increases in share prices, Trex shares may be slightly undervalued. This article tells what investors could likely make in the future with Trex and what the real value is versus the current share price. While Trex Company, Inc. (TREX) has reported stellar results in recent quarters, its most recent guidance for the remainder of 2022 signaled a “sudden reduction” in demand as companies that utilize Trex products slow purchases to right-size inventories for an expected economic slowdown. Trex says it expects a “significant reduction of revenues” in the second half of the year. Nonetheless, Trex is confident in the long-term viability of its products and is moving forward with construction of a new manufacturing facility in Arkansas and launched a new product line earlier this year. Trex is also expanding its NexTrex Recycling Initiative which provides revenue to companies that serve as plastic recycling drop-off facilities. Trex provides each location, in its network of more than 32,000 grocery stores and other retailers, with equipment to collect and bundle recyclable plastic. When the facility collects enough material, Trex sends trucks to pick up the material and utilizes it to make its composite decking. The expansion of the program will include cities, universities and other non-profits that didn’t meet earlier volume thresholds to participate. Trex’s focus on funding recycling sources and the utilization of recycled materials resulted in the company being named as the greenest decking company by Green Builder Magazine. It’s the 12th consecutive year Trex earned this accolade. When considering these current stories about Trex, we need to determine which news topics will have a long-term and ongoing effect on the company and its share price. While the drop in demand is a worrisome development, the company is adamant that it’s a short-term hinderance. Conversely, Trex’s manufacturing expansion and growing product line will provide long-term benefits. In addition, its econ-friendly recycling initiative will continue to keep manufacturing costs lower and help to promote the company. While current news stories, good or bad, can sway our opinion about investing in a company, it's good to analyze the fundamentals of the company and to see where it's been in the past and in which direction it's heading. This article will focus on the long-term fundamentals of the company, which tend to give us a better picture of the company as a viable investment. I also analyze the value of the company versus the price and help you to determine if TREX is currently trading at a bargain price. I provide various situations which help estimate the company's future returns. In closing, I will tell you my personal opinion about whether I'm interested in taking a position in this company and why. Snapshot of the Company A fast way for me to get an overall understanding of the condition of the business is to use the BTMA Stock Analyzer’s company rating score. TREX has high scores for 10 Year Price Per Share, ROE, Earnings per share, Ability to Recover from a Market Crash or Downturn, ROIC, and Gross Margin Percent. It has low scores for PEG Ratio. A low PEG Ratio score indicates that the company may not be experiencing high growth consistently over the past 5 years. In summary, these findings show us that TREX seems to have above average fundamentals since all but one of categories produce good scores. Before jumping to conclusions, we’ll have to look closer into individual categories to see what’s going on. BTMA Stock Analyzer (Source: BTMA Stock Analyzer ) Fundamentals Let’s examine the price per share history first. In the chart below, we can see that price per share has been mostly consistent at increasing over the last 10 years, with only one year where share price declined. It is worth noting that decline in 2022 came after a nearly 70% surge in 2021. Overall, share price average has grown by about 984.20% over the past 10 years or a Compound Annual Growth Rate of 30.32%. This is a very good return. BTMA Stock Analyzer (Source: BTMA Stock Analyzer – Price Per Share History) Earnings Looking closer at earnings history, we see that earnings have consistently grown over the past 10 years, with not a single year of earnings declines. This is not an easy feat to achieve. Trex is the world’s largest manufacturer of composite decking and railing products, and its earnings story mirrors that of companies who benefited from COVID-19 lockdowns and the benefits of consumers spending more time at home. Home improvement was one category that outperformed during the pandemic as people invested more in their homes and outdoor spaces. The impacts of COVID-19 also coincided with a longer-term trend of composite building materials taking over more market share from traditional wood products used to manufacture decks. While the two trends had positive lift for Trex, as the pandemic wanes it is expected that home improvement spending will decline. A secondary threat faces Trex as increasing mortgage interest rates could slow new home sales. Consistent earnings make it easier to accurately estimate the future growth and value of the company. So, in this regard, TREX is a good example of a stock to accurately estimate future growth or current value. BTMA Stock Analyzer (Source: BTMA Stock Analyzer – EPS History) Since earnings and price per share don’t always give the whole picture, it’s good to look at other factors like the gross margins, return on equity, and return on invested capital. Return on Equity The return on equity has consistently decreased in the period from 2017 to 2021. While ROE has decreased by more nearly 40% in the span of five years, average ROE is still far above expectations at around 40.22%. For return on equity ((ROE)), I look for a 5-year average of 16% or more. So, TREX easily meet my requirements. BTMA Stock Analyzer (Source: BTMA Stock Analyzer – ROE History) Let’s compare the ROE of this company to its industry. The average ROE of 44 Building Products companies is 31.26%. Therefore, TREX’s 5-year average of 40.22% is well above average, and current ROE of 31.78 is average. Return on Invested Capital The return on invested capital has also been a consistent decliner from 2017 to 2021. ROIC fell nearly 28% during the period, but the five-year average ROIC is above expectations at around 38.74%. For return on invested capital ((ROIC)), I also look for a 5-year average of 16% or more. So, TREX passes this test as well. BTMA Stock Analyzer (Source: BTMA Stock Analyzer – Return on Invested Capital History) Gross Margin Percent The gross margin percent ((GMP)) has mostly decreased over the last five years. GMP grew in 2018, but then fell 2019, 2020, and 2021. Even with the declines, overall gross margin percent is at very high levels. Five-year GMP is good at around 41.32%. I typically look for companies with gross margin percent consistently above 30%. So, TREX has proven that it has the ability to maintain acceptable margins over a long period. BTMA Stock Analyzer (Source: BTMA Stock Analyzer – Gross Margin Percent History) Looking at other fundamentals involving the balance sheet, we can see that the debt-to-equity is less than 1. This is a positive indicator, telling us that the company owns more than it owes. TREX’s Current Ratio of 3.06 is satisfactory, indicating it has an adequate ability to use its assets to pay its short-term debt. Ideally, we’d want to see a Current Ratio of more than 1, so TREX exceeds this amount. According to the balance sheet, the company appears to be in good financial health. In the long term, the company has more than enough assets to cover its debts. In the short-term the company is generating enough cash flow, to fulfill its obligations. The Price-Earnings Ratio of 26.3 indicates that TREX might be selling at a high price when comparing TREX’s P/E Ratio to a long-term market average P/E Ratio of 15. The 5-year average P/E Ratio of TREX has typically been about 29.8, so this indicates that TREX could be currently trading at a low price when comparing to TREX’s average historical P/E Ratio range. TREX does not currently pay a regular dividend. BTMA Stock Analyzer (Source: BTMA Stock Analyzer – Misc. Fundamentals) This analysis wouldn’t be complete without considering the value of the company vs. share price. Value Vs. Price For valuation purposes, I will be using a conservative diluted EPS of 1.80. I’ve used various past averages of growth rates and P/E Ratios to calculate different scenarios of valuation ranges from low to average values. The valuations compare growth rates of EPS, Book Value, and Total Equity. In the table below, you can see the different scenarios, and in the chart, you will see vertical valuation lines that correspond to the table valuation ranges. The dots on the lines represent the current stock price. If the dot is towards the bottom of the valuation range, this would indicate that the stock is undervalued. If the dot is near the top of the valuation line, this would show an overvalued stock. BTMA Wealth Builders Club BTMA Wealth Builders Club (Source: BTMA Wealth Builders Club ) According to this valuation analysis, TREX is undervalued. If TREX continues with a growth average similar to its past 10 years earnings growth, then the stock is overpriced at this time. If TREX continues with a growth average similar to its past 5 years earnings growth, then the stock is undervalued at this time. If TREX continues with a growth average similar to its past 10 years book value growth, then the stock is overpriced at this time. If TREX continues with a growth average similar to its past 5 years book value growth, then the stock is undervalued at this time. If TREX continues with a growth average similar to its past 5 years total equity growth, then the stock is undervalued at this time. According to TREX’s typical P/E ratio relation to the S&P 500's P/E Ratio, TREX is undervalued. If TREX continues with a growth average as forecasted by analysts, then the stock is overpriced. This analysis shows an average valuation of around $49 per share versus its current price of about $47.50, this would indicate that Trex Company is slightly undervalued. Summarizing the Fundamentals According to the facts, Trex Company is financially healthy in a long-term sense in having enough equity as compared with debt, and in the short-term because the current ratio indicates that it has plenty of cash to cover current liabilities. This company has an impressive earnings record, which shows consistent and improving earnings over a 10-year period. Other fundamentals are at excellent levels, including ROE, ROIC, and Gross Margins. The only downside of the fundamentals is that ROE, ROIC, and Gross Margins have been decreasing over the past 5 years. One reason could be a result of building materials becoming more expensive and cutting into margins. Another consideration is that Trex composite decking material has become more popular and the company has grown its market share over the years. Therefore, as more of the newer homes over the past decade have been built with composite decking material, there is less need for these households to replace the decking. Also, many older homes with traditional wood decking have already been replaced with Trex or other composite decking material. This may have also reduced the need of deck replacement frequency. In terms of replacement frequency, traditional wood decking usually needs replaced every 10 to 15 years, whereas Trex decking can last for 25 to 30 years. In terms of valuation, my analysis shows that the stock is slightly undervalued.

Aug 10

Trex: Disappointing H2 Guidance, But We Still Think Shares Are Undervalued

Trex performed remarkably well in the second quarter but gave very disappointing guidance for the second half of the year, which sent shares tumbling. Trex anticipates third quarter consolidated net sales will be in the range of $185 million to $195 million, and fourth quarter consolidated net sales will be $180 million to $190. Despite the disappointing guidance, we believe TREX shares to be significantly undervalued. The company appears to agree given the significant share repurchases that they are performing. Trex (TREX) performed remarkably well in the second quarter, but gave very disappointing guidance for the second half of the year, which sent shares tumbling. In Q2 2022 continued demand for outdoor living products drove 24% top line growth even against a difficult comparison with last year's robust performance. This excellent revenue growth fueled a 49% increase in diluted earnings per share to $0.79. Part of the growth experienced was driven by pricing actions taken in 2021 and 2022, however there was also higher volume. Unfortunately for the company, towards the end of June it experienced a sudden reduction in demand from distribution partners, due to concerns over a potential easing in consumer demand as a result of rising interest rates, declining consumer sentiment and expectations of a general slowing in the economy. Therefore the company expects its channel partners to meet demand partially through inventory draw-down, rather than reordering product and maintaining current inventories. Trex believes the current draw-down will likely impact the next 2 quarters and will be meaningful in nature. Trex sounded confident that it can mitigate some of this softness by taking market share, and that it is well positioned to face the difficult environment. We particularly liked this quote from CEO Bryan Fairbanks during the earnings call: With our brand strength and market-leading position, additional capacity and expanded product lines, we view the current market as an ideal opportunity to accelerate and expand our market share in the composite category, convert more wood decks to Trex decks and strengthen our distribution and retail partnerships. Trex Q2 2022 Earnings Results Second quarter net sales increased 24% to $386 million, driven by 25% growth in net sales at Trex Residential to $374 million. The increase in Trex Residential net sales was primarily due to a 20% increase in average price per unit, a mid-single-digit growth in volume as well as channel inventory fill. Trex Commercial contributed $12 million to sales during the quarter. Consolidated gross margin of 40.7% expanded 270 basis points year-over-year driven primarily by price realization at Trex Residential, increased capacity utilization and a continuing focus on cost reduction measures, offset by continued inflationary pressures on raw materials, labor and transportation. Financials Gross margins for Trex Residential and Trex Commercial were 41.7% and 12.6%, respectively, compared to 38.7% and 21.6% in the second quarter of 2021. SG&A expenses of $40 million decreased 160 basis points to 10.2% as a percentage of net sales compared to 11.8% in the 2021 quarter as a result of a reduction in accrued incentives and improved operating leverage, driven by double-digit revenue growth. Net income for the 2022 second quarter was $89 million or $0.79 per diluted share, representing increases of 45% and 49% respectively, from net income of $61 million or $0.53 per diluted share in the year ago quarter. Earnings per diluted share grew faster than net income thanks to the significant share repurchases the company made. The company repurchased another 2.8 million shares of its common stock during the quarter. It also commented that it expects to continue to be a buyer of Trex shares given their strong cash flow generation, confidence in their long-term growth prospects, and their view that Trex shares represent a compelling value. Trex Balance Sheet Fortunately, the company is entering this period of economic uncertainty with a strong balance sheet. As of the end of the second quarter, the company had no debt on the books, giving them tremendous flexibility to do share repurchases, as well investing in the brand, R&D, and potentially M&A. Guidance The big disappointment in the quarterly report came with the guidance, which the company provided for the next two quarters. Trex anticipates third quarter consolidated net sales will be in the range of $185 million to $195 million, and fourth quarter consolidated net sales will be $180 million to $190 million. In Q3, the company expects EBITDA margins in the range from 16% to 18%. And in Q4, it expects EBITDA margins in the range of 22% to 25%. EBITDA margins should improve sequentially from Q3 to Q4, as the company receives the full benefit from its cost-reduction initiatives. The company believes the current inventory draw-down will be substantially completed by year-end when the channel will again be operating at very low inventory levels. TREX Stock Valuation Despite the disappointing guidance, we believe shares to be significantly undervalued. The company appears to agree given their significant share repurchases that they are doing. Looking at some valuation multiples, we can see that they are below historical averages by a meaningful amount. For instance, price/book value is about a third below its ten year average, and had is actually lower than it was during the COVID crash of 2020.

Aug 10
What Does The Future Hold For Trex Company, Inc. (NYSE:TREX)? These Analysts Have Been Cutting Their Estimates

What Does The Future Hold For Trex Company, Inc. (NYSE:TREX)? These Analysts Have Been Cutting Their Estimates

Today is shaping up negative for Trex Company, Inc. ( NYSE:TREX ) shareholders, with the analysts delivering a...

Shareholder Returns

TREXUS BuildingUS Market
7D0.6%-1.6%-2.0%
1Y-55.6%-23.2%-20.3%

Return vs Industry: TREX underperformed the US Building industry which returned -25.6% over the past year.

Return vs Market: TREX underperformed the US Market which returned -22.1% over the past year.

Price Volatility

Is TREX's price volatile compared to industry and market?
TREX volatility
TREX Average Weekly Movement7.4%
Building Industry Average Movement5.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: TREX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TREX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19962,074Bryan Fairbankshttps://www.trex.com

Trex Company, Inc. manufactures and distributes decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. The company operates in two segments, Trex Residential and Trex Commercial. It offers decking products under the names Trex Transcend, Trex Select, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.

Trex Company Fundamentals Summary

How do Trex Company's earnings and revenue compare to its market cap?
TREX fundamental statistics
Market CapUS$5.14b
Earnings (TTM)US$258.95m
Revenue (TTM)US$1.37b

19.8x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TREX income statement (TTM)
RevenueUS$1.37b
Cost of RevenueUS$826.59m
Gross ProfitUS$538.72m
Other ExpensesUS$279.77m
EarningsUS$258.95m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.35
Gross Margin39.46%
Net Profit Margin18.97%
Debt/Equity Ratio0%

How did TREX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TREX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TREX?

Other financial metrics that can be useful for relative valuation.

TREX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA12x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does TREX's PE Ratio compare to its peers?

TREX PE Ratio vs Peers
The above table shows the PE ratio for TREX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.2x
UFPI UFP Industries
7.1x-4.3%US$4.5b
SSD Simpson Manufacturing
10.4x-6.5%US$3.5b
FBHS Fortune Brands Home & Security
9.7x4.5%US$7.3b
WMS Advanced Drainage Systems
29.7x12.6%US$10.5b
TREX Trex Company
19.8x9.1%US$5.1b

Price-To-Earnings vs Peers: TREX is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (14.2x).


Price to Earnings Ratio vs Industry

How does TREX's PE Ratio compare vs other companies in the US Building Industry?

Price-To-Earnings vs Industry: TREX is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the US Building industry average (14.4x)


Price to Earnings Ratio vs Fair Ratio

What is TREX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TREX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: TREX is good value based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (22x).


Share Price vs Fair Value

What is the Fair Price of TREX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TREX ($46.6) is trading above our estimate of fair value ($21.43)

Significantly Below Fair Value: TREX is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Trex Company forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TREX's forecast earnings growth (9.1% per year) is above the savings rate (1.9%).

Earnings vs Market: TREX's earnings (9.1% per year) are forecast to grow slower than the US market (14.8% per year).

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

Revenue vs Market: TREX's revenue (5% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: TREX's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TREX's Return on Equity is forecast to be high in 3 years time (26.2%)


Discover growth companies

Past Performance

How has Trex Company performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TREX has high quality earnings.

Growing Profit Margin: TREX's current net profit margins (19%) are lower than last year (19.3%).


Past Earnings Growth Analysis

Earnings Trend: TREX's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: TREX's earnings growth over the past year (32.2%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: TREX earnings growth over the past year (32.2%) underperformed the Building industry 32.2%.


Return on Equity

High ROE: TREX's Return on Equity (40.4%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Trex Company's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TREX's short term assets ($319.2M) exceed its short term liabilities ($138.8M).

Long Term Liabilities: TREX's short term assets ($319.2M) exceed its long term liabilities ($107.0M).


Debt to Equity History and Analysis

Debt Level: TREX is debt free.

Reducing Debt: TREX had no debt 5 years ago.

Debt Coverage: TREX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TREX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Trex Company current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Trex Company Dividend Yield vs Market
How does Trex Company dividend yield compare to the market?
SegmentDividend Yield
Company (Trex Company)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Building)1.7%
Analyst forecast in 3 Years (Trex Company)0%

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

High Dividend: Unable to evaluate TREX'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 TREX's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TREX has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure


CEO

Bryan Fairbanks (52 yo)

2.42yrs

Tenure

US$4,079,676

Compensation

Mr. Bryan Horix Fairbanks serves as President and Chief Executive Officer of Trex Company, Inc. since April 29, 2020. He serves as Director of Trex Company, Inc. since April 29, 2020. Mr. Fairbanks served...


CEO Compensation Analysis

Bryan Fairbanks's Compensation vs Trex Company Earnings
How has Bryan Fairbanks's remuneration changed compared to Trex Company's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$259m

Mar 31 2022n/an/a

US$231m

Dec 31 2021US$4mUS$613k

US$209m

Sep 30 2021n/an/a

US$227m

Jun 30 2021n/an/a

US$196m

Mar 31 2021n/an/a

US$182m

Dec 31 2020US$2mUS$497k

US$176m

Sep 30 2020n/an/a

US$168m

Jun 30 2020n/an/a

US$167m

Mar 31 2020n/an/a

US$156m

Dec 31 2019US$1mUS$375k

US$145m

Sep 30 2019n/an/a

US$134m

Jun 30 2019n/an/a

US$122m

Mar 31 2019n/an/a

US$129m

Dec 31 2018n/an/a

US$135m

Sep 30 2018n/an/a

US$128m

Jun 30 2018n/an/a

US$118m

Mar 31 2018n/an/a

US$104m

Dec 31 2017US$1mUS$299k

US$95m

Sep 30 2017n/an/a

US$89m

Jun 30 2017n/an/a

US$77m

Mar 31 2017n/an/a

US$72m

Dec 31 2016US$988kUS$290k

US$68m

Sep 30 2016n/an/a

US$63m

Jun 30 2016n/an/a

US$59m

Mar 31 2016n/an/a

US$54m

Dec 31 2015US$504kUS$238k

US$48m

Compensation vs Market: Bryan's total compensation ($USD4.08M) is below average for companies of similar size in the US market ($USD8.63M).

Compensation vs Earnings: Bryan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TREX's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: TREX's board of directors are considered experienced (8.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:TREX Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Nov 21SellUS$222,164Dennis SchemmIndividual1,719US$129.24
10 Nov 21SellUS$540,215Richard PoseyIndividual4,232US$127.65

Ownership Breakdown

What is the ownership structure of TREX?
Owner TypeNumber of SharesOwnership Percentage
State or Government48,3280.04%
Individual Insiders443,8430.4%
Institutions112,042,73399.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 72.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.76%
BlackRock, Inc.
10,762,281$501.5m-4.37%0.01%
9.32%
The Vanguard Group, Inc.
10,279,057$479.0m-0.73%0.01%
8.13%
AllianceBernstein L.P.
8,966,023$417.8m5.76%0.17%
6.55%
T. Rowe Price Group, Inc.
7,218,654$336.4m1.13%0.04%
4.56%
Wasatch Advisors Inc
5,026,555$234.2m48.47%1.12%
4.19%
William Blair Investment Management, LLC
4,618,500$215.2m-2.4%0.39%
4.04%
ClearBridge Investments, LLC
4,457,088$207.7m2%0.19%
3.23%
State Street Global Advisors, Inc.
3,563,708$166.1m-2.04%0.01%
3.22%
Macquarie Investment Management Business Trust
3,545,537$165.2m1.2%0.18%
3.1%
Baron Capital Group, Inc.
3,417,043$159.2m3%0.42%
1.76%
Artisan Partners Limited Partnership
1,935,909$90.2m-0.29%0.09%
1.75%
Geode Capital Management, LLC
1,932,414$90.1m32.05%0.01%
1.62%
Conestoga Capital Advisors, LLC
1,781,381$83.0m2.57%1.55%
1.3%
Norges Bank Investment Management
1,436,547$66.9m0%0.01%
1.26%
Managed Account Advisors LLC
1,389,446$64.7m3.84%0.02%
1.23%
Federated Hermes, Inc.
1,356,823$63.2m-5.21%0.19%
1.05%
Nationwide Fund Advisors
1,153,254$53.7m-0.81%0.38%
1%
BNY Mellon Asset Management
1,100,536$51.3m4.78%0.01%
0.9%
Eventide Asset Management, LLC
990,000$46.1m0%0.92%
0.84%
Handelsbanken Asset Management
927,589$43.2m11.79%0.09%
0.83%
abrdn plc
914,093$42.6m-11.33%0.04%
0.81%
Northern Trust Global Investments
897,992$41.8m-4.3%0.01%
0.79%
Fred Alger Management, LLC
876,264$40.8m-13.04%0.19%
0.76%
Dimensional Fund Advisors LP
837,599$39.0m-5.21%0.01%
0.71%
American Century Investment Management Inc
786,566$36.7m6.77%0.03%

Company Information

Trex Company, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Trex Company, Inc.
  • Ticker: TREX
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: US$5.138b
  • Shares outstanding: 110.26m
  • Website: https://www.trex.com

Number of Employees


Location

  • Trex Company, Inc.
  • 160 Exeter Drive
  • Winchester
  • Virginia
  • 22603-8605
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TREXNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 1999
TRRDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1999
TREX1 *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNApr 1999
T2RE34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 15 REPR 1 COMBRBRLJan 2022

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.