Professional
Added to YB: 2022-04-21
Pitch date: 2022-04-21
AZEK [bullish]
The AZEK Company Inc.
+136.1%
current return
Author Info
No bio for this author
Company Info
The AZEK Company Inc. engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada.
Market Cap
$7.8B
Pitch Price
$23.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
22.02
P/E
52.76
EV/Sales
5.42
Sector
Building Products
Category
growth
Choice Equities Capital new position: Azek Company Inc (AZEK)
AZEK: Composite decking co. w/ TREX owns 20%+ share, gaining 2-3% YOY from wood. 40% gross margins, exceptional ROIC. R&R driven. TREX up 25x in 10yrs. Bought AZEK at 1/2 TREX EBITDA multiple on margin pressure & capex. Long-term bull case intact but less ST conviction on rates & commodity prices. Exited for now given changing opportunities.
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