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Eagle Materials Inc (EXP)EXP

Upturn stock ratingUpturn stock rating
Eagle Materials Inc
$308.92
Delayed price
Profit since last BUY24.31%
Strong Buy
upturn advisory
BUY since 88 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

11/29/2024: EXP (4-star) is a STRONG-BUY. BUY since 88 days. Profits (24.31%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 71.32%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 56
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 4
Last Close 11/29/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 71.32%
Avg. Invested days: 56
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 4
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/29/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 10.36B USD
Price to earnings Ratio 21.83
1Y Target Price 312
Dividends yield (FY) 0.32%
Basic EPS (TTM) 14.15
Volume (30-day avg) 269368
Beta 1.32
52 Weeks Range 181.61 - 321.93
Updated Date 12/1/2024
Company Size Large-Cap Stock
Market Capitalization 10.36B USD
Price to earnings Ratio 21.83
1Y Target Price 312
Dividends yield (FY) 0.32%
Basic EPS (TTM) 14.15
Volume (30-day avg) 269368
Beta 1.32
52 Weeks Range 181.61 - 321.93
Updated Date 12/1/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 21.32%
Operating Margin (TTM) 29.82%

Management Effectiveness

Return on Assets (TTM) 12.96%
Return on Equity (TTM) 35.32%

Revenue by Products

Revenue by Products - Current and Previous Year

Valuation

Trailing PE 21.83
Forward PE 20.45
Enterprise Value 11365909981
Price to Sales(TTM) 4.57
Enterprise Value to Revenue 5.01
Enterprise Value to EBITDA 13.85
Shares Outstanding 33543400
Shares Floating 33103987
Percent Insiders 1.22
Percent Institutions 103.9
Trailing PE 21.83
Forward PE 20.45
Enterprise Value 11365909981
Price to Sales(TTM) 4.57
Enterprise Value to Revenue 5.01
Enterprise Value to EBITDA 13.85
Shares Outstanding 33543400
Shares Floating 33103987
Percent Insiders 1.22
Percent Institutions 103.9

Analyst Ratings

Rating 4.22
Target Price 207.55
Buy 1
Strong Buy 5
Hold 3
Sell -
Strong Sell -
Rating 4.22
Target Price 207.55
Buy 1
Strong Buy 5
Hold 3
Sell -
Strong Sell -

AI Summarization

Eagle Materials Inc. : A Detailed Overview

Company Profile:

History and Background:

  • Founded in 1928 by George A. Davidson as Davidson Sand and Gravel Company
  • Initially focused on sand and gravel production, expanding to other aggregates, cement, and gypsum products
  • 2002: Name changed to Eagle Materials Inc.
  • Today, they operate in 21 states and 3 locations in Canada

Core Business Areas:

  • Aggregates: crushed stone, gravel, sand
  • Cement: Portland cement and blended cements
  • Gypsum wallboard: sheetrock, exterior products, finishing compounds
  • Other products: concrete, paving, concrete pipe

Leadership and Corporate Structure:

  • CEO: Charles E. Malone
  • President: Michael F. Hainey
  • Executive Vice President, Chief Financial Officer, and Treasurer: William G. Shoppe
  • The Board of Directors consists of 8 members with diverse expertise.

Top Products and Market Share:

Top Products:

  • Aggregates
  • Cement
  • Gypsum wallboard

Market Share:

  • US Aggregates market:
    • Estimated at $22.5 billion in 2022.
    • Eagle Materials has a market share of approximately 1-2%.
  • US Cement market:
    • Estimated at $12-14 billion in 2022.
    • Eagle Materials holds a market share around 2%.
  • US Gypsum Wallboard market:
    • Estimated at $10-12 billion in 2022.
    • Eagle Materials claims a market share in the range of 1-2%.

Competitors:

  • Aggregates: Vulcan Materials (VMC), Martin Marietta Materials (MLM), Summit Materials (SUM), Cemex SAB de CV (CX), Rinker Materials Corp (LOW)
  • Cement: Martin Marietta Materials (MLM), Cemex SAB de CV (CX), Holcim Ltd. (HOLN), HeidelbergCement (HEI), CRH plc (IRCP)
  • Gypsum Wallboard: CertainTeed (owned by Saint-Gobain), USG Corporation (USG), Georgia-Pacific (GP)

Total Addressable Market:

The combined addressable market for Eagle Materials' core products is significant. Based on 2022 estimates, we're looking at:

  • US Aggregates: $22.5 billion
  • US Cement: $12-14 billion
  • US Gypsum Wallboard: $10-12 billion
  • This combined market reaches a rough total value of $44.5-48.5 billion.

Financial Performance:

Revenue and Earnings Trends:

  • Steady growth in revenue over the past five years: $2.24 billion (2018) to $3.1 billion (2022).
  • Net income fluctuating, showing a dip in 2020 followed by recovery.
  • Earnings per share (EPS) increased from $2.35 in 2018 to $3.35 in 2022.

Cash Flow and Balance Sheet:

  • Positive operating cash flow in recent years, with an upward trend from $220 million to $360 million between 2018 and 2022.
  • Debt levels remain moderate.
  • The balance sheet shows a strong cash position and healthy working capital management.

Dividends and Shareholder Returns:

Dividend History:

  • Eagle Materials maintains a long history of dividend payments.
  • Current annual dividend is $1.08 per share, translating to a 2.4% dividend yield as of October 2023.
  • Recent payout ratio suggests a conservative dividend distribution policy.

Shareholder Returns:

  • The company's stock price has experienced growth in recent years, outperforming the S&P 500.
  • Total shareholder return (TSR) over the past year stands at approximately 12%, compared to S&P 500's 8%.

Growth Trajectory:

Historical and Future Projections:

  • Past 5 years: Company exhibited consistent, moderate growth in revenue and EPS.
  • Future projections indicate continuation of this growth trend, influenced by factors like infrastructure development and housing demand.
  • Recent product launches, including expanded cement production capacity, support this predicted growth.

Market Dynamics:

Current Trends and Technology:

  • The construction industry, one of Eagle Materials' primary customers, continues to be impacted by supply chain issues and labor shortages.
  • Technology advancements in areas like precast construction create both challenges and opportunities for traditional building materials providers like Eagle.

Industry Positioning:

  • The company has a strong presence across strategic geographic markets in the US and strategically positions itself as a reliable supplier of essential construction materials.

Competitive Advantages:

  • Vertically integrated operations, allowing control over production costs and raw materials.
  • Diversification across three product segments mitigates market-specific risks.
  • Geographic reach across 24 states enhances logistics and market access.

Potential Challenges and Opportunities:

Challenges:

  • Economic fluctuations can impact construction spending.
  • Supply chain disruptions and rising raw material costs.
  • Competition from established and emerging players in the industry.

Opportunities:

  • Investing in infrastructure spending could drive demand for aggregates and cement.
  • Growth in the precast concrete market could open new avenues for Eagle.
  • Strategic acquisitions or partnerships to expand product portfolio or market reach.

Recent Acquisitions:

  • 2023: Acquisition of Central Pre-Mix Concrete (CPC), expanding Eagle's presence and precast capabilities.
  • 2021: Purchase of Holcim Canada's aggregates and concrete business, solidifying the company's footprint in Canada.
  • These acquisitions align with their strategy of strengthening market positions and expanding product offerings.

AI-Based Fundamental Rating

7.5 out of 10

Justification:

  • Eagle Materials exhibits strong fundamentals, with consistent revenue growth, healthy profit margins, and moderate debt levels.
  • Diversification across business segments provides stability.
  • Recent acquisitions strengthen market presence, aligning with strategic goals.
  • However, potential challenges like economic uncertainty and market competition need careful consideration.
  • The company actively manages risks and demonstrates a proactive approach to future opportunities.

Sources and Disclaimers

Sources:

Disclaimer: This information provided is intended for informational purposes only and should not be considered as financial advice. It is crucial to conduct your own thorough research, consult financial experts before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Eagle Materials Inc

Exchange NYSE Headquaters Dallas, TX, United States
IPO Launch date 1994-04-12 CEO, President & Director Mr. Michael R. Haack
Sector Basic Materials Website https://www.eaglematerials.com
Industry Building Materials Full time employees 2500
Headquaters Dallas, TX, United States
CEO, President & Director Mr. Michael R. Haack
Website https://www.eaglematerials.com
Website https://www.eaglematerials.com
Full time employees 2500

Eagle Materials Inc., through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel. Its products are used in commercial and residential construction; public construction projects to build, expand, and repair roads and highways; and repair and remodel activities. The company was formerly known as Centex Construction Products, Inc. and changed its name to Eagle Materials, Inc. in January 2004. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.

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