NYSE:IBP

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Installed Building Products

Executive Summary

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States.


Snowflake Analysis

Solid track record with moderate growth potential.

Share Price & News

How has Installed Building Products's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

19.0%

IBP

9.3%

US Consumer Durables

2.0%

US Market


1 Year Return

35.6%

IBP

8.2%

US Consumer Durables

7.1%

US Market

Return vs Industry: IBP exceeded the US Consumer Durables industry which returned 8.2% over the past year.

Return vs Market: IBP exceeded the US Market which returned 7.1% over the past year.


Shareholder returns

IBPIndustryMarket
7 Day19.0%9.3%2.0%
30 Day52.0%23.8%6.0%
90 Day7.0%-5.2%-0.05%
1 Year35.6%35.6%9.5%8.2%9.5%7.1%
3 Year40.0%40.0%-1.0%-5.5%30.7%22.1%
5 Year211.8%211.8%10.4%3.8%55.6%38.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Installed Building Products undervalued compared to its fair value and its price relative to the market?

27.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IBP ($70.68) is trading above our estimate of fair value ($52.65)

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


Price To Earnings Ratio

PE vs Industry: IBP is poor value based on its PE Ratio (27.9x) compared to the Consumer Durables industry average (10x).

PE vs Market: IBP is poor value based on its PE Ratio (27.9x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: IBP is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: IBP is overvalued based on its PB Ratio (8.5x) compared to the US Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Installed Building Products forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

21.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBP's forecast earnings growth (21.4% per year) is above the savings rate (2.2%).

Earnings vs Market: IBP's earnings (21.4% per year) are forecast to grow slower than the US market (21.6% per year).

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

Revenue vs Market: IBP's revenue (6.2% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: IBP'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: IBP's Return on Equity is forecast to be high in 3 years time (22.1%)


Next Steps

Past Performance

How has Installed Building Products performed over the past 5 years?

23.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBP has high quality earnings.

Growing Profit Margin: IBP's current net profit margins (4.8%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: IBP's earnings have grown significantly by 23.7% per year over the past 5 years.

Accelerating Growth: IBP's earnings growth over the past year (31.6%) exceeds its 5-year average (23.7% per year).

Earnings vs Industry: IBP earnings growth over the past year (31.6%) exceeded the Consumer Durables industry 9.8%.


Return on Equity

High ROE: Whilst IBP's Return on Equity (30.64%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Installed Building Products's financial position?


Financial Position Analysis

Short Term Liabilities: IBP's short term assets ($569.7M) exceed its short term liabilities ($201.6M).

Long Term Liabilities: IBP's short term assets ($569.7M) do not cover its long term liabilities ($639.7M).


Debt to Equity History and Analysis

Debt Level: IBP's debt to equity ratio (231.8%) is considered high.

Reducing Debt: IBP's debt to equity ratio has increased from 73.2% to 231.8% over the past 5 years.

Debt Coverage: IBP's debt is well covered by operating cash flow (25.1%).

Interest Coverage: IBP's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Installed Building Products's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if IBP'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 IBP'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?

6.6yrs

Average management tenure


CEO

Jeff Edwards (55yo)

16.33yrs

Tenure

US$3,425,252

Compensation

Mr. Jeffrey W. Edwards, also known as Jeff, has been the Chairman, Chief Executive Officer and President of Installed Building Products, Inc. since 1999, 2004 and 2011 respectively. Mr. Edwards’ position a ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD3.43M) is about average for companies of similar size in the US market ($USD4.80M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Edwards
Chairman16.33yrsUS$3.43m22.76% $476.7m
Michael Miller
CFO, Executive VP of Finance & Director16.17yrsUS$1.34m0.43% $9.0m
Jay Elliott
Chief Operating Officer6.75yrsUS$1.52m0.11% $2.3m
Jason Niswonger
Senior Vice President of Finance & Investor Relations5.17yrsUS$567.70k0.072% $1.5m
William Hire
President of External Affairs6.42yrsUS$539.95k0.12% $2.5m
Vikas Verma
President of Commercial Development & Director2.92yrsUS$1.17m0.35% $7.4m
Todd Fry
Chief Accounting Officer & Treasurer6.08yrsUS$460.71k0.022% $468.2k
Shelley McBride
General Counsel & Secretary15.33yrsno datano data
R. Jenkins
Regional President13.58yrsno datano data
William Jenkins
Senior Vice President of Purchasing & Supply Chain5.17yrsno datano data

6.6yrs

Average Tenure

60yo

Average Age

Experienced Management: IBP's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Edwards
Chairman16.33yrsUS$3.43m22.76% $476.7m
Michael Miller
CFO, Executive VP of Finance & Director16.17yrsUS$1.34m0.43% $9.0m
Vikas Verma
President of Commercial Development & Director2.92yrsUS$1.17m0.35% $7.4m
Lawrence Hilsheimer
Independent Non-Executive Director6.25yrsUS$160.00k0.074% $1.6m
Margot Carter
Presiding Independent Director5.33yrsUS$160.00k0.024% $507.3k
David Meuse
Independent Director0.17yrno data0.0011% $22.4k
Michael Thomas
Independent Director6.25yrsUS$140.00k0.054% $1.1m
Janet Jackson
Independent Non Executive Director6.25yrsUS$152.50k0.036% $747.4k

6.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: IBP's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: IBP insiders have sold more shares than they have bought 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

Installed Building Products, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Installed Building Products, Inc.
  • Ticker: IBP
  • Exchange: NYSE
  • Founded: 1977
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: US$2.095b
  • Shares outstanding: 29.64m
  • Website: https://www.installedbuildingproducts.com

Number of Employees


Location

  • Installed Building Products, Inc.
  • 495 South High Street
  • Suite 50
  • Columbus
  • Ohio
  • 43215
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBPNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2014
2ILDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2014

Biography

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, it installs a range of advanced caulk and sealant products that control air infiltration in residential and commercial buildings, as well as moisture protection systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors through a network of approximately 180 branch locations. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is headquartered in Columbus, Ohio. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 05:45
End of Day Share Price2020/05/27 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.