TopBuild
Market Cap
US$4.0b
Last Updated
2020/02/17 00:49 UTC
Data Sources
Company Financials +
Executive Summary
TopBuild Corp. engages in the installation and distribution of insulation and other building products to the United States construction industry.
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has TopBuild's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BLD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.4%
BLD
1.7%
US Consumer Durables
1.5%
US Market
1 Year Return
104.2%
BLD
35.4%
US Consumer Durables
20.1%
US Market
Return vs Industry: BLD exceeded the US Consumer Durables industry which returned 35.4% over the past year.
Return vs Market: BLD exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| BLD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 1.7% | 1.5% |
| 30 Day | 6.3% | 4.4% | 1.4% |
| 90 Day | 7.9% | 8.2% | 8.7% |
| 1 Year | 104.2%104.2% | 37.3%35.4% | 22.7%20.1% |
| 3 Year | 212.7%212.7% | 37.4%31.2% | 50.1%40.5% |
| 5 Year | n/a | 40.0%30.7% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is TopBuild's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Many TopBuild Corp. (NYSE:BLD) Shares Have Insiders Sold, In The Last Year?3 weeks ago | Simply Wall St
Should You Be Tempted To Sell TopBuild Corp. (NYSE:BLD) Because Of Its P/E Ratio?1 month ago | Simply Wall St
Is There An Opportunity With TopBuild Corp.'s (NYSE:BLD) 28% Undervaluation?Valuation
Is TopBuild undervalued compared to its fair value and its price relative to the market?
21.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLD ($118.58) is trading below our estimate of fair value ($150.95)
Significantly Below Fair Value: BLD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLD is poor value based on its PE Ratio (22x) compared to the Consumer Durables industry average (13.5x).
PE vs Market: BLD is poor value based on its PE Ratio (22x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: BLD is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: BLD is overvalued based on its PB Ratio (3.4x) compared to the US Consumer Durables industry average (1.5x).
Next Steps
Future Growth
How is TopBuild forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLD's forecast earnings growth (10% per year) is above the savings rate (1.7%).
Earnings vs Market: BLD's earnings (10% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: BLD's earnings are forecast to grow, but not significantly.
Revenue vs Market: BLD's revenue (5.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BLD's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLD's Return on Equity is forecast to be low in 3 years time (19%).
Next Steps
Past Performance
How has TopBuild performed over the past 5 years?
35.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLD has high quality earnings.
Growing Profit Margin: BLD's current net profit margins (7.1%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: BLD's earnings have grown significantly by 35.5% per year over the past 5 years.
Accelerating Growth: BLD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BLD had negative earnings growth (-8.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (9.1%).
Return on Equity
High ROE: BLD's Return on Equity (15.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is TopBuild's financial position?
Financial Position Analysis
Short Term Liabilities: BLD's short term assets ($789.4M) exceed its short term liabilities ($482.5M).
Long Term Liabilities: BLD's short term assets ($789.4M) do not cover its long term liabilities ($976.4M).
Debt to Equity History and Analysis
Debt Level: BLD's debt to equity ratio (63.1%) is considered high.
Reducing Debt: Insufficient data to determine if BLD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BLD's debt is well covered by operating cash flow (34.5%).
Interest Coverage: BLD's interest payments on its debt are well covered by EBIT (7.4x coverage).
Balance Sheet
Inventory Level: BLD has a low level of unsold assets or inventory.
Debt Coverage by Assets: BLD's debt is covered by short term assets (assets are 1.1x debt).
Next Steps
Dividend
What is TopBuild's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate BLD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BLD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BLD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BLD'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 BLD'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?
4.0yrs
Average management tenure
CEO
Jerry Volas (64yo)
4.7yrs
Tenure
US$4,156,751
Compensation
Mr. Gerald Volas, also known as Jerry, serves as Chief Executive Officer at TopBuild Corp. since June 2015. He serves as a Director of TopBuild Corp. since July 1, 2015. Between 1982 and June 2015, Mr. Vol ...
CEO Compensation Analysis
Compensation vs Market: Jerry's total compensation ($USD4.16M) is about average for companies of similar size in the US market ($USD4.88M).
Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.7yrs | US$4.16m | 0.44% $17.7m | |
| President & COO | 4.7yrs | US$1.93m | 0.077% $3.1m | |
| CFO & VP | 4.7yrs | US$1.46m | 0.062% $2.5m | |
| Senior Vice President of Mergers & Acquisitions | 3.6yrs | US$906.76k | 0.0097% $392.5k | |
| President of TruTeam Operations | 2.3yrs | US$1.35m | 0.0096% $384.8k | |
| Chief Information Officer | 5.1yrs | no data | no data | |
| Vice President of Investor Relations | 4.3yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 0.8yrs | no data | 0.020% $803.9k | |
| Vice President of Innovation & Marketing | 1.1yrs | no data | no data | |
| Chief Human Resources Officer | 2.8yrs | no data | no data |
4.0yrs
Average Tenure
55yo
Average Age
Experienced Management: BLD's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.7yrs | US$4.16m | 0.44% $17.7m | |
| Independent Director | 1.8yrs | US$173.90k | 0.0095% $380.8k | |
| Independent Director | 4.6yrs | US$179.63k | 0.031% $1.2m | |
| Independent Chairman of the Board | 4.1yrs | US$329.63k | 0.031% $1.2m | |
| Independent Director | 4.6yrs | US$199.63k | 0.057% $2.3m | |
| Independent Director | 4.6yrs | US$194.63k | 0.031% $1.2m | |
| Independent Director | 1.8yrs | US$173.90k | 0.0095% $380.8k |
4.6yrs
Average Tenure
60yo
Average Age
Experienced Board: BLD's board of directors are considered experienced (4.6 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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TopBuild Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: TopBuild Corp.
- Ticker: BLD
- Exchange: NYSE
- Founded: 2015
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$4.026b
- Shares outstanding: 33.95m
- Website: https://www.topbuild.com
Number of Employees
Location
- TopBuild Corp.
- 475 North Williamson Boulevard
- Daytona Beach
- Florida
- 32114
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BLD | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 2015 |
| BLD * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 2015 |
| 28T | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2015 |
Biography
TopBuild Corp. engages in the installation and distribution of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, fireproofing and firestopping products, garage doors, fireplaces, shower enclosures, closet shelving, accessories, and other products; and residential insulation services. The company also provides various services and tools that are designed to assist builders in applying the principles of building science to new home construction, which includes pre-construction plan reviews, various inspection services, and diagnostic testing; and home energy rating services. It serves single-family homebuilders, local/single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. TopBuild Corp. has approximately 200 installation branches located in 40 states, and 75 distribution centers in 32 states. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:49 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.