PGT Inc. manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company was founded in 1980 and is based in North Venice, Florida.
PGTI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for PGT Innovations Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that PGT Innovations Inc ranked in the 69th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 140.5% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for PGTI, they are:
The company's compound free cash flow growth rate over the past 5.5 years comes in at 0.44%; that's greater than 77.58% of US stocks we're applying DCF forecasting to.
The business' balance sheet suggests that 26% of the company's capital is sourced from debt; this is greater than 54.55% of the free cash flow producing stocks we're observing.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than 51.23% of stocks in its sector (Basic Materials).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PGTI, try NGVT, SXC, HWKN, LIN, and NTIC.
More than 28,000 square feet of impact-resistant windows and doors from CGI Commercial, part of the PGT Innovations family of brands, were recently installed throughout Soleste Grand Central, a newly constructed 360-unit luxury apartment building in Miami.
Moody's Investors Service (Moody's) changed the outlook for PGT Innovations, Inc. (PGT) to positive from stable. Moody's also affirmed the company's B1 Corporate Family Rating, B1-PD Probability of Default Rating, and the B2 rating on the company's 6.75% senior unsecured notes due 2026 (inclusive of the proposed $60 million add-on).
PGT Innovations (PGTI) to offer $60M of additional 6.75% senior notes due 2026. The additional notes are being offered to finance, together with cash on hand, the cash portion of the acquisition of 75% stake in Eco Window.The company intends to apply proceeds of the additional notes to repay amounts outstanding under...