Griffon Corporation manufactures building products, specialty plastic films, and electronic information and communication systems. The Company's products include garage doors, materials for disposable diapers, disposable health-care products, sensor systems, and information and command and control systems. The company was founded in 1959 and is based in New York, New York.
GFF Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Griffon Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Griffon Corp ranked in the 67th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 169.5% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Griffon Corp, consider:
43% of the company's capital comes from equity, which is greater than only 22.29% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 57% of the company's capital is sourced from debt; this is greater than 77.67% of the free cash flow producing stocks we're observing.
As a business, Griffon Corp experienced a tax rate of about 18% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 71.38% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GFF, try DXPE, HUBG, STN, AEGN, and NEWA.
Griffon (GFF) prices offering of 8M shares of common stock at $21.5/share.Underwriters have an option to purchase up to an additional 1.2M share.The offering is expected to close by August 18.Previously: Griffon readies equity offering (Aug. 11)...
Griffon Corporation (GFF) Q3 2020 Earnings Conference Call July 30, 2020 16:30 ET Company Participants Ron Kramer - Chairman and Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Bob Labick - CJS Securities Julio Romero - Sidoti & Company Tim Wojs - Baird Presentation Operator Welcome...
With me on the call is Ron Kramer, our Chairman and Chief Executive Officer. As in the past, our comments will include forward-looking statements about the company's performance based on our views of Griffon's businesses and the environments in which they operate.