Professional
Added to YB: 2024-04-22
Pitch date: 2024-03-31
MHK [bullish]
Mohawk Industries, Inc.
-14.01%
current return
Author Info
No bio for this author
Company Info
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally.
Market Cap
$6.5B
Pitch Price
$130.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.00
P/E
15.59
EV/Sales
0.77
Sector
Household Durables
Category
turnaround
Heartland Value Plus Fund New Portfolio Holding: Mohawk Industries, Inc.
MHK: Leading flooring manufacturer traded down 2/3 on rising rates & inflation. Saw Q1 reversal after 5 qtrs of negative sales comps & 8/9 qtrs of negative EBITDA growth. Investing in automation for luxury vinyl tile production. Trades at just 6x EBITDA, <11x trough earnings with 1.3x net leverage.
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