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Eagle Materials

NYSE:EXP
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXP
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Eagle Materials Inc., through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. The last earnings update was 84 days ago. More info.


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  • Eagle Materials has significant price volatility in the past 3 months.
EXP Share Price and Events
7 Day Returns
3.9%
NYSE:EXP
0.9%
US Basic Materials
-0.1%
US Market
1 Year Returns
-9.9%
NYSE:EXP
-3.2%
US Basic Materials
7.6%
US Market
EXP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eagle Materials (EXP) 3.9% 26.2% 39.6% -9.9% 19.6% 10.7%
US Basic Materials 0.9% 10.1% 18.6% -3.2% 13.5% 73.5%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • EXP underperformed the Basic Materials industry which returned -3.2% over the past year.
  • EXP underperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
EXP
Industry
5yr Volatility vs Market

EXP Value

 Is Eagle Materials undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eagle Materials to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eagle Materials.

NYSE:EXP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:EXP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.903 (1 + (1- 21%) (15.17%))
1.007
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.007 * 5.96%)
8.73%

Discounted Cash Flow Calculation for NYSE:EXP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eagle Materials is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:EXP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.73%)
2019 212.30 Analyst x2 195.25
2020 281.85 Analyst x4 238.39
2021 315.47 Analyst x3 245.39
2022 348.00 Analyst x2 248.96
2023 378.00 Analyst x2 248.70
2024 402.98 Est @ 6.61% 243.84
2025 424.92 Est @ 5.44% 236.46
2026 444.59 Est @ 4.63% 227.54
2027 462.64 Est @ 4.06% 217.76
2028 479.58 Est @ 3.66% 207.60
Present value of next 10 years cash flows $2,309.89
NYSE:EXP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $479.58 × (1 + 2.73%) ÷ (8.73% – 2.73%)
$8,206.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,206.51 ÷ (1 + 8.73%)10
$3,552.44
NYSE:EXP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,309.89 + $3,552.44
$5,862.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,862.33 / 45.90
$127.72
NYSE:EXP Discount to Share Price
Calculation Result
Value per share (USD) From above. $127.72
Current discount Discount to share price of $89.95
= -1 x ($89.95 - $127.72) / $127.72
29.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Eagle Materials is available for.
Intrinsic value
30%
Share price is $89.95 vs Future cash flow value of $127.72
Current Discount Checks
For Eagle Materials to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eagle Materials's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eagle Materials's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eagle Materials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eagle Materials's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:EXP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.94
NYSE:EXP Share Price ** NYSE (2019-04-23) in USD $89.95
United States of America Basic Materials Industry PE Ratio Median Figure of 11 Publicly-Listed Basic Materials Companies 25.6x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eagle Materials.

NYSE:EXP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EXP Share Price ÷ EPS (both in USD)

= 89.95 ÷ 4.94

18.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Materials is good value based on earnings compared to the US Basic Materials industry average.
  • Eagle Materials is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Eagle Materials's expected growth come at a high price?
Raw Data
NYSE:EXP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
8.7%per year
United States of America Basic Materials Industry PEG Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NYSE:EXP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.22x ÷ 8.7%

2.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Materials is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eagle Materials's assets?
Raw Data
NYSE:EXP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $30.72
NYSE:EXP Share Price * NYSE (2019-04-23) in USD $89.95
United States of America Basic Materials Industry PB Ratio Median Figure of 13 Publicly-Listed Basic Materials Companies 2.05x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NYSE:EXP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EXP Share Price ÷ Book Value per Share (both in USD)

= 89.95 ÷ 30.72

2.93x

* Primary Listing of Eagle Materials.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Materials is overvalued based on assets compared to the US Basic Materials industry average.
X
Value checks
We assess Eagle Materials's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Eagle Materials has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EXP Future Performance

 How is Eagle Materials expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eagle Materials expected to grow at an attractive rate?
  • Eagle Materials's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Eagle Materials's earnings growth is positive but not above the United States of America market average.
  • Eagle Materials's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:EXP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:EXP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 8.7%
NYSE:EXP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.7%
United States of America Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
United States of America Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:EXP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:EXP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,634 454 342 2
2022-03-31 1,560 419 308 2
2021-03-31 1,461 395 272 8
2020-03-31 1,422 375 252 11
2019-03-31 1,386 361 233 8
NYSE:EXP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,393 357 234
2018-09-30 1,419 360 277
2018-06-30 1,414 366 268
2018-03-31 1,387 338 257
2017-12-31 1,380 318 256
2017-09-30 1,323 324 211
2017-06-30 1,280 331 208
2017-03-31 1,211 332 198
2016-12-31 1,185 338 201
2016-09-30 1,160 318 191
2016-06-30 1,156 299 160
2016-03-31 1,143 266 153

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eagle Materials's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • Eagle Materials's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:EXP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Eagle Materials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EXP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 7.89 7.89 7.89 1.00
2022-03-31 6.84 6.84 6.84 1.00
2021-03-31 5.92 6.33 5.44 5.00
2020-03-31 5.54 5.86 5.21 9.00
2019-03-31 4.94 5.08 4.80 8.00
NYSE:EXP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.94
2018-09-30 5.80
2018-06-30 5.58
2018-03-31 5.33
2017-12-31 5.32
2017-09-30 4.39
2017-06-30 4.33
2017-03-31 4.14
2016-12-31 4.17
2016-09-30 3.93
2016-06-30 3.27
2016-03-31 3.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Eagle Materials is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eagle Materials's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eagle Materials has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EXP Past Performance

  How has Eagle Materials performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eagle Materials's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eagle Materials's year on year earnings growth rate has been positive over the past 5 years.
  • Eagle Materials's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Eagle Materials's 1-year earnings growth is negative, it can't be compared to the US Basic Materials industry average.
Earnings and Revenue History
Eagle Materials's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eagle Materials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EXP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,393.25 233.67 39.16
2018-09-30 1,419.34 277.33 39.63
2018-06-30 1,414.16 268.09 39.53
2018-03-31 1,386.52 256.63 41.21
2017-12-31 1,380.47 255.88 35.49
2017-09-30 1,323.49 210.88 34.78
2017-06-30 1,279.84 207.76 33.79
2017-03-31 1,211.22 198.22 33.94
2016-12-31 1,184.69 201.13 38.37
2016-09-30 1,159.70 190.59 37.50
2016-06-30 1,156.03 160.17 38.04
2016-03-31 1,143.49 152.59 37.19
2015-12-31 1,115.14 160.22 33.58
2015-09-30 1,129.26 166.41 34.65
2015-06-30 1,085.08 186.91 32.70
2015-03-31 1,066.37 186.85 30.75
2014-12-31 1,032.48 162.68 29.93
2014-09-30 969.77 142.27 27.35
2014-06-30 937.60 131.85 26.00
2014-03-31 898.40 124.24 24.55
2013-12-31 867.62 109.46 25.43
2013-09-30 803.55 95.82 24.90
2013-06-30 715.56 73.87 24.10
2013-03-31 642.56 57.74 23.92
2012-12-31 600.25 58.91 23.04
2012-09-30 559.10 43.83 21.70
2012-06-30 529.26 31.90 20.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eagle Materials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eagle Materials used its assets more efficiently than the US Basic Materials industry average last year based on Return on Assets.
  • Eagle Materials has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eagle Materials's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eagle Materials has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EXP Health

 How is Eagle Materials's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eagle Materials's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eagle Materials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eagle Materials's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eagle Materials's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eagle Materials Company Filings, last reported 3 months ago.

NYSE:EXP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,420.34 626.42 17.06
2018-09-30 1,432.60 631.26 10.00
2018-06-30 1,431.48 651.09 14.33
2018-03-31 1,417.69 620.92 9.32
2017-12-31 1,416.19 565.76 21.68
2017-09-30 1,312.67 656.80 31.06
2017-06-30 1,255.09 661.64 12.23
2017-03-31 1,203.45 686.47 6.56
2016-12-31 1,163.58 461.35 164.67
2016-09-30 1,098.73 469.18 54.51
2016-06-30 1,056.44 498.71 9.18
2016-03-31 1,040.53 507.71 5.39
2015-12-31 1,049.32 500.71 15.76
2015-09-30 1,069.69 509.76 6.35
2015-06-30 1,048.23 523.76 7.55
2015-03-31 1,010.59 512.76 7.51
2014-12-31 973.02 517.76 13.70
2014-09-30 922.39 312.26 11.06
2014-06-30 868.18 368.26 6.54
2014-03-31 831.50 381.26 6.48
2013-12-31 805.43 392.26 7.42
2013-09-30 764.32 455.26 10.63
2013-06-30 725.45 497.26 6.74
2013-03-31 696.17 489.26 3.90
2012-12-31 687.55 483.26 9.25
2012-09-30 502.11 216.94 8.15
2012-06-30 483.94 253.94 3.71
  • Eagle Materials's level of debt (44.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.7% vs 44.1% today).
  • Debt is well covered by operating cash flow (56.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.4x coverage).
X
Financial health checks
We assess Eagle Materials's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eagle Materials has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EXP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.44%
Current annual income from Eagle Materials dividends. Estimated to be 0.45% next year.
If you bought $2,000 of Eagle Materials shares you are expected to receive $9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eagle Materials's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Eagle Materials's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:EXP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:EXP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.40 2.00
2022-03-31 0.40 2.00
2021-03-31 0.40 7.00
2020-03-31 0.40 9.00
2019-03-31 0.40 9.00
NYSE:EXP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-05 0.400 0.512
2018-11-07 0.400 0.596
2018-08-06 0.400 0.472
2018-05-24 0.400 0.373
2018-02-01 0.400 0.390
2017-11-01 0.400 0.359
2017-08-07 0.400 0.399
2017-05-22 0.400 0.427
2017-01-31 0.400 0.401
2016-11-15 0.400 0.403
2016-08-08 0.400 0.498
2016-05-20 0.400 0.503
2016-02-02 0.400 0.606
2015-11-16 0.400 0.682
2015-08-12 0.400 0.544
2015-05-19 0.400 0.507
2015-02-05 0.400 0.486
2014-11-13 0.400 0.517
2014-08-14 0.400 0.426
2014-05-21 0.400 0.435
2014-02-06 0.400 0.470
2013-11-14 0.400 0.523
2013-08-15 0.400 0.562
2013-05-23 0.400 0.581
2013-02-28 0.400 0.585
2013-02-08 0.400 0.622
2013-02-06 0.400 0.614
2012-09-06 0.400 0.747
2012-05-24 0.400 1.099
2012-02-07 0.400 1.193
2011-11-22 0.400 1.546
2011-08-11 0.400 2.151
2011-05-20 0.400 1.568
2011-02-07 0.400 1.347
2010-11-17 0.400 1.458
2010-08-09 0.400 1.682
2010-05-24 0.400 1.503
2010-01-27 0.400 1.502
2009-11-13 0.400 1.527
2009-08-13 0.400 1.472
2009-05-22 0.400 1.595
2009-04-24 0.400 1.525

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Materials is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Eagle Materials is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Eagle Materials's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Eagle Materials's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Eagle Materials's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Eagle Materials's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eagle Materials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eagle Materials has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EXP Management

 What is the CEO of Eagle Materials's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Powers
COMPENSATION $5,318,837
AGE 68
TENURE AS CEO 3.1 years
CEO Bio

Mr. David B. Powers, also known as Dave, serves as President and Director of Rio Grande Drywall Supply Co. Mr. Powers has been the Chief Executive Officer of Eagle Materials Inc., since March 31, 2016 and was its President until August 2018. Mr. Powers served as an Executive Vice President of Gypsum at Eagle Materials Inc. from February 2005 to March 31, 2016. He focuses on the day-to-day operation of the Company’s businesses and participates in both operational and long-term strategy and development. Mr. Powers served as the President of American Gypsum Company since January 2005 and served as Executive Vice President -Marketing, Sales and Distribution of American Gypsum Company from June 2002 to December 2004; Vice President, Customer Service of USG Corporation from 2000 to 2002; Vice President, Specialty Products and Architectural Systems Business of USG Corporation from 1998 to 2000. He has extensive executive and operations experience in the construction products industry, including over 35 years of experience in the gypsum industry. He joined American Gypsum Company in 2002. In 1972, he began his career at USG Corporation where he held various positions at the corporate and subsidiary levels and served as Director of Operations of L&W Supply and Vice President of Sales and Vice President of Marketing of USG Interiors. He has been a Director of Eagle Materials Inc. since March 31, 2016. Mr. Powers received a B.A. in Business Administration from California State University, Fullerton.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year.
  • Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Eagle Materials management team in years:

9.7
Average Tenure
59
Average Age
  • The average tenure for the Eagle Materials management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Powers

TITLE
CEO & Director
COMPENSATION
$5M
AGE
68
TENURE
3.1 yrs

Michael Haack

TITLE
President & COO
COMPENSATION
$2M
AGE
45
TENURE
0.7 yrs

D. Kesler

TITLE
Executive VP of Finance & Administration and CFO
COMPENSATION
$2M
AGE
42
TENURE
9.7 yrs

James Graass

TITLE
Executive VP
COMPENSATION
$2M
AGE
60
TENURE
18.4 yrs

Bob Stewart

TITLE
Executive Vice President of Strategy
COMPENSATION
$2M
AGE
64
TENURE
9.7 yrs

William Devlin

TITLE
Senior VP
COMPENSATION
$653K
AGE
52
TENURE
9.7 yrs

Gerald Essl

TITLE
Executive Vice President of Cement
COMPENSATION
$2M
AGE
69
TENURE
16.3 yrs

Rahul Desai

TITLE
Senior Vice President of Cement
AGE
53
TENURE
3 yrs

Keith Metcalf

TITLE
President of American Gypsum Company Llc
AGE
59
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Eagle Materials board of directors in years:

5.2
Average Tenure
64
Average Age
  • The tenure for the Eagle Materials board of directors is about average.
Board of Directors

Mike Nicolais

TITLE
Chairman of the Board
COMPENSATION
$282K
AGE
60

Dave Powers

TITLE
CEO & Director
COMPENSATION
$5M
AGE
68
TENURE
3.1 yrs

F. Barnett

TITLE
Director
COMPENSATION
$239K
AGE
71
TENURE
15.8 yrs

Rick Stewart

TITLE
Director
COMPENSATION
$314K
AGE
69
TENURE
12.6 yrs

Ed Bowman

TITLE
Director
COMPENSATION
$246K
AGE
71
TENURE
7.9 yrs

Marty Ellen

TITLE
Director
COMPENSATION
$208K
AGE
64
TENURE
5.8 yrs

Rick Beckwitt

TITLE
Director
COMPENSATION
$217K
AGE
59
TENURE
4.6 yrs

George Damiris

TITLE
Director
COMPENSATION
$218K
AGE
58
TENURE
2.6 yrs

Margot Carter

TITLE
Director
COMPENSATION
$47K
AGE
50
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • Eagle Materials insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Mar 19 Buy Sachem Head Capital Management Company 20. Feb 19 28. Mar 19 3,325,000 $79.54 $0
01. Feb 19 Sell Ed Bowman Individual 31. Jan 19 31. Jan 19 -2,591 $71.35 $-184,868
X
Management checks
We assess Eagle Materials's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eagle Materials has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EXP News

Simply Wall St News

Does Eagle Materials Inc.'s (NYSE:EXP) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Dave Powers's Compensation Compare With Similar Sized Companies. … is worth US$4.1b, and total annual CEO compensation is US$5.3m.

Simply Wall St -

What Investors Should Know About Eagle Materials Inc.'s (NYSE:EXP) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Does Eagle Materials Inc. (NYSE:EXP) Generate Enough Cash?

I’ve analysed below, the health and outlook of Eagle Materials’s cash flow, which will help you understand the stock from a cash standpoint. … Is Eagle Materials generating enough cash. … Eagle Materials’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Here's What Eagle Materials Inc.'s (NYSE:EXP) ROCE Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Should You Investigate Eagle Materials Inc. (NYSE:EXP) At US$79.49?

(NYSE:EXP), which is in the basic materials business, and is based in United States,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s take a look at Eagle Materials’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

The Eagle Materials Share Price Has Gained 31% And Shareholders Are Hoping For More

(NYSE:EXP) share price return of 31% over three years lags the market return in the same period. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … Eagle Materials was able to grow its EPS at 9.4% per year over three years, sending the share price higher.

Simply Wall St -

Here's What Eagle Materials Inc.'s (NYSE:EXP) P/E Ratio Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Eagle Materials's P/E ratio is 14.86. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Are Insiders Selling Eagle Materials Inc. (NYSE:EXP) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Eagle Materials Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Eagle Materials Insider Transactions Over The Last Year.

Simply Wall St -

Is Eagle Materials Inc.'s (NYSE:EXP) Balance Sheet Strong Enough To Weather A Storm?

Stocks with market capitalization between $2B and $10B, such as Eagle Materials Inc. … Today we will look at EXP’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Want to help shape the future of investing tools and platforms

Simply Wall St -

Was Eagle Materials Inc.'s (NYSE:EXP) Earnings Growth Better Than The Industry's?

(NYSE:EXP) released its most recent earnings update (30 September 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Eagle Materials's average earnings over the past couple of years, and its industry performance. … EXP's trailing twelve-month earnings (from 30 September 2018) of US$277m has.

Simply Wall St -

EXP Company Info

Description

Eagle Materials Inc., through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The company engages in mining of limestone for the manufacture, production, distribution, and sale of Portland cement and specialty oil well cement; grinding of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures. It is also involved in the manufacture and sale of recycled paperboard for the gypsum wallboard industry and other paperboard converters, as well as provision of containerboard grade, lightweight packaging grade, and recycled industrial paperboard grade products. In addition, the company engages in the sale of readymix concrete; mining, extracting, production, and sale of aggregates, including crushed stones, sand, and gravel, as well as lightweight aggregates, such as expanded clays and shales; and mining and sale of sand used in hydraulic fracturing, such as frac sand. Its products are used in commercial and residential construction; public construction projects; projects to build, expand, and repair roads and highways; and oil and natural gas extraction. The company formerly known as Centex Construction Products, Inc. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.

Details
Name: Eagle Materials Inc.
EXP
Exchange: NYSE
Founded: 1963
$4,128,578,260
45,898,591
Website: http://www.eaglematerials.com
Address: Eagle Materials Inc.
3811 Turtle Creek Boulevard,
Suite 1100,
Dallas,
Texas, 75219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EXP Common Stock New York Stock Exchange US USD 12. Apr 1994
DB E5M Common Stock Deutsche Boerse AG DE EUR 12. Apr 1994
Number of employees
Current staff
Staff numbers
2,200
Eagle Materials employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:54
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/01/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.