Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-11
GNRC [bullish]
Generac Holdings Inc.
+94.24%
current return
Author Info
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Company Info
Generac Holdings Inc. designs, manufactures, and distributes energy technology products and solution worldwide.
Market Cap
$13.7B
Pitch Price
$117.11
Price Target
155.00 (-32%)
Dividend
N/A
EV/EBITDA
27.99
P/E
86.79
EV/Sales
3.53
Sector
Electrical Equipment
Category
growth
Generac Holdings Inc.: Recovery in residential market
GNRC: Argus reiterates BUY; residential market recovery + higher-margin standby gens driving growth. Despite low 4Q23 beat, sees 3%-7% '24 net sales rise, 15.5%-16.5% adj. EBITDA margin. Despite past quarter's 4% drop, long-term growth via acquisitions and new engineering center. 2024 EPS est. cut to $6.33, still 17% up YOY, '25 est. $7.84. Valued at 18x '24 est. at $117, below peers, current P/S 1.7x. Risks: cyclicity, competition, regulatory, global ops. $155 PT.
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