Added to YB: 2024-08-09
Pitch date: 2024-08-08
GFF [bullish]
Griffon Corporation
+35.56%
current return
Author Info
No bio for this author
Company Info
Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.
Market Cap
$3.3B
Pitch Price
$56.83
Price Target
N/A
Dividend
1.03%
EV/EBITDA
8.27
P/E
46.96
EV/Sales
1.90
Sector
Building Products
Category
value
Griffon Corporation: Positioned for Margin Expansion and Market Recovery
$GFF: HBP margins set to expand (steel headwind abating) & rev growth accelerating. Housing market recovery ahead, strong resi demand. EBITDA guide implies ~31% on HBP. Stock ~8.3x FCF, near all-time low valuation on 2025 EBITDA est. Lower leverage, improved business. Likely aggressive buybacks at <$60. Bullish outlook for Q3 and beyond.
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