Added to YB: 2024-07-24
Pitch date: 2024-07-23
IBP [bullish]
Installed Building Products, Inc.
+12.08%
current return
Author Info
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Company Info
Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation for residential and commercial builders in the United States.
Market Cap
$4.8B
Pitch Price
$243.10
Price Target
N/A
Dividend
1.84%
EV/EBITDA
10.14
P/E
19.04
EV/Sales
1.85
Sector
Household Durables
Category
growth
Installed Building Products, Inc. - $IBP
IBP: Leading US insulation installer (30% mkt share). Serial acquirer (190+ since 1999) w/ strong integration skills. 34% ROE, 24% ROCE. CEO owns 16%. Flexible cost structure mitigates cyclicality. Strong buying power & local presence. Growth via M&A in fragmented market. Risks: housing market slowdown. Rev growing double digits, improving profitability w/ scale. 10% share buyback since 2018.
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