Added to YB: 2023-02-23
Pitch date: 2023-02-23
FND [bullish]
Floor & Decor Holdings, Inc.
-35.61%
current return
Author Info
Sleep Well Investments shares deep dives into time-tested businesses with high reinvestment potential. Get their premium stock pitches for 20% off.
Company Info
Floor & Decor Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in the United States.
Market Cap
$7.0B
Pitch Price
$94.99
Price Target
83.00 (+36%)
Dividend
N/A
EV/EBITDA
10.41
P/E
32.33
EV/Sales
1.88
Sector
Specialty Retail
Category
growth
Floor and Decor - Future Home Improvement Monopoly With Compelling Reinvestment Economics At An Attractive Price
FND: Aims to grow from 9% to 25-30% flooring market share via store expansion to 450 by 2032 (20% CAGR). Superior scale vs HD/LOW allows lowest costs & prices, loyal pro customers (60% sales). Veteran HD mgmt. Bullish case: 500 stores, $16B sales, $1.5B FCF, $128 PT (46% upside). Bear case: 350 stores, $12B sales, $900M FCF, $77 PT (12% downside). Fairly valued at $88 with 30% MOS. Housing headwinds short-term risk.
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