Builders FirstSource Inc Stock Research

Market Summary

USD88.78+2.53

Market Closed

2.93%

BLDR Stock Price

BLDR RSI Chart

BLDR Valuation

Market Cap

12.3B

Price/Earnings (Trailing)

4.48

Price/Sales (Trailing)

0.54

EV/EBITDA

3.59

Price/Free Cashflow

3.78

BLDR Price/Sales (Trailing)

BLDR Profitability

EBT Margin

15.72%

Return on Equity

55.4%

Return on Assets

25.95%

Free Cashflow Yield

26.44%

BLDR Fundamentals

BLDR Revenue

Revenue (TTM)

22.7B

Revenue Y/Y

-5.98%

Revenue Q/Q

-24.37%

BLDR Earnings

Earnings (TTM)

2.7B

Earnings Y/Y

-13.1%

Earnings Q/Q

-47.9%

Price Action

52 Week Range

48.9190.21

(Low)(High)

Last 7 days

5.1%

Last 30 days

3.5%

Last 90 days

36.8%

Trailing 12 Months

37.6%

BLDR Financial Health

Current Ratio

1.9

Debt/Equity

0.6

Debt/Cashflow

1.21

BLDR Investor Care

Buy Backs (1Y)

22.78%

Diluted EPS (TTM)

16.82

Peers (Alternatives to Builders FirstSource)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TT	42.7B	16.0B	-0.50%	20.48%	24.29	2.67	13.12%	23.40%
CARR	38.2B	20.4B	0.35%	0.95%	10.65	1.87	-0.93%	110.70%
BLDR	12.3B	22.7B	3.52%	37.56%	4.48	0.54	14.24%	59.35%
MID-CAP
ALLE	9.4B	3.3B	-4.65%	-1.17%	20.47	2.87	14.11%	-5.18%
LII	8.9B	4.7B	-0.38%	-2.04%	17.89	1.89	12.50%	7.13%
WMS	6.0B	3.1B	-4.70%	-29.12%	12.89	1.92	23.54%	90.99%
TREX	5.3B	1.1B	-3.43%	-25.50%	28.67	4.79	-7.60%	-11.55%
UFPI	4.9B	9.6B	-7.15%	2.99%	7.03	0.51	11.47%	29.73%
REZI	2.7B	6.4B	-2.82%	-23.29%	9.43	0.42	8.96%	16.94%
CSWI	2.2B	735.5M	-2.20%	18.51%	24.48	2.92	25.40%	50.53%
SMALL-CAP
NX	713.3M	1.2B	-17.54%	2.57%	8.07	0.58	13.93%	55.03%
IIIN	543.2M	815.3M	-8.34%	-24.79%	4.81	0.67	25.53%	38.49%
DRTT	52.2M	172.2M	-14.64%	-60.81%	-0.95	0.3	16.65%	-2.41%

Financials for Builders FirstSource

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.2%	22,726	23,004	22,751	21,401	19,894
Gross Profit	0.0%	7,744	7,745	7,443	6,614	5,851
S&GA Expenses	2.5%	3,974	3,879	3,754	3,611	3,464
EBITDA	-1.2%	4,238	4,291	3,210	2,799	-
EBITDA Margin	0.0%	0.19*	0.19*	0.15*	0.14*	-
Earnings Before Taxes	-2.7%	3,572	3,670	3,501	2,858	2,252
EBT Margin	-1.5%	0.16*	0.16*	0.15*	0.13*	-
Interest Expenses	41.0%	169	120	106	-	-
Net Income	-2.1%	2,749	2,807	2,682	2,192	1,725
Net Income Margin	-0.9%	0.12*	0.12*	0.12*	0.10*	-
Free Cahsflow	2.0%	3,259	3,195	2,825	1,885	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-8.2%	10,595	11,538	12,086	12,051	10,714
Current Assets	-20.9%	3,498	4,420	5,277	5,380	3,968
Cash Equivalents	-5.3%	80.00	85.00	166	282	43.00
Inventory	-18.9%	1,426	1,759	2,065	2,188	1,626
Net PPE	5.1%	1,568	1,492	1,421	1,386	1,385
Goodwill	0.1%	3,457	3,453	3,336	66.00	3,270
Liabilities	-10.8%	5,633	6,313	6,950	6,915	5,912
Current Liabilities	-19.7%	1,843	2,294	2,529	2,683	2,129
Long Term Debt	-6.0%	2,978	3,169	3,552	3,392	2,926
Shareholder's Equity	-5.0%	4,963	5,225	5,136	5,136	4,802
Retained Earnings	-27.5%	704	970	890	894	540
Additional Paid-In Capital	0.1%	4,258	4,253	4,244	4,241	4,261
Accumulated Depreciation	-	672	-	-	-	-
Shares Outstanding	-6.8%	139	149	160	177	180

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	3.8%	3,599	3,468	3,074	2,124	1,744
Share Based Compensation	-4.6%	31.00	33.00	31.00	30.00	31.00
Cashflow From Investing	19.6%	-957	-1,191	-1,480	-1,524	-1,344
Cashflow From Financing	-7.8%	-2,603	-2,416	-1,518	-336	-780
Buy Backs	-14.8%	2,628	3,084	3,004	2,021	1,715

Risks for BLDR

What is the probability of a big loss on BLDR?

82.7%

Probability that Builders FirstSource stock will be more than 20% underwater in next one year

60%

Probability that Builders FirstSource stock will be more than 30% underwater in next one year.

45.8%

Probability that Builders FirstSource stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BLDR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Builders FirstSource was unfortunately bought at previous high price.

Drawdowns

Returns for BLDR

Cumulative Returns on BLDR

31.6%

10-Year Cumulative Returns

34.1%

7-Year Cumulative Returns

34.9%

5-Year Cumulative Returns

93.6%

3-Year Cumulative Returns

What are the long-term rolling returns for BLDR?

FIve years rolling returns for Builders FirstSource.

Annualized Returns

Which funds bought or sold BLDR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-29	Diametric Capital, LP	added	15.85	68,652	317,652	0.15%
2023-03-23	ETF MANAGERS GROUP, LLC	sold off	-100	-1,764,000	-	-%
2023-03-23	MetLife Investment Management, LLC	reduced	-7.55	106,151	6,009,640	0.05%
2023-03-17	American Portfolios Advisors	added	18.12	14,912	65,283	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	93.72	16,019,900	30,158,900	0.03%
2023-03-06	Rockefeller Capital Management L.P.	added	89.4	28,000	53,000	-%
2023-03-03	ROBOTTI ROBERT	reduced	-7.45	1,945,360	103,700,000	20.67%
2023-03-01	Regal Investment Advisors LLC	added	526	1,924,100	2,250,100	0.22%
2023-02-28	Voya Investment Management LLC	reduced	-6.02	191,374	5,680,370	0.01%
2023-02-24	SRS Capital Advisors, Inc.	unchanged	-	-27.00	973	-%

Latest Funds Activity

Are funds buying BLDR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BLDR

No. of Funds

Builders FirstSource News

Schedule 13G FIlings of Builders FirstSource

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 10, 2023	vanguard group inc	10.46%	14,440,688	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.94%	14,626,446	SC 13G/A
Feb 06, 2023	wellington management group llp	8.98%	13,209,468	SC 13G/A
Jan 24, 2023	blackrock inc.	9.6%	14,134,803	SC 13G/A
Sep 08, 2022	blackrock inc.	10.2%	15,940,687	SC 13G
May 10, 2022	vanguard group inc	10.03%	17,444,903	SC 13G/A
Feb 14, 2022	select equity group, l.p.	0.54%	1,029,562	SC 13G/A
Feb 09, 2022	vanguard group inc	9.05%	17,335,692	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A

BLDR Fair Value

Builders FirstSource fair value in different scenarios

The table shows the Fair Value estimates for Builders FirstSource for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	284.10 220.00%	416.25 368.86%	972.40 995.29%	1687.80 1801.10%	2504.07 2720.53%
Current Inflation	261.39 194.42%	376.33 323.89%	855.90 864.07%	1461.12 1545.78%	2151.01 2322.85%
Very High Inflation	233.24 162.72%	327.93 269.37%	718.36 709.15%	1198.22 1249.65%	1744.67 1865.16%

Historical Builders FirstSource Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Builders FirstSource

View All Filings

Date Filed	Form Type	Document
Mar 23, 2023	4	Insider Trading
Mar 22, 2023	8-K	Current Report
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading

Latest Insider Trading transactions for BLDR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-21	Herron Stephen J	acquired	-	-	9,497	chief operating officer
2023-03-15	Herron Stephen J	sold (taxes)	-72,133	79.53	-907	president - east division
2023-03-15	Beckmann Jami	acquired	-	-	1,572	principal accounting officer
2023-03-15	Beckmann Jami	sold (taxes)	-31,493	79.53	-396	principal accounting officer
2023-03-15	Johnson Timothy D	acquired	-	-	6,287	evp & general counsel
2023-03-15	Robins Scott L	sold (taxes)	-99,730	79.53	-1,254	president - west division
2023-03-15	FARMER MICHAEL ALAN	sold (taxes)	-463,660	79.53	-5,830	president - commercial ops
2023-03-15	Beckmann Jami	acquired	-	-	2,515	principal accounting officer
2023-03-15	Herron Stephen J	acquired	-	-	6,287	president - east division
2023-03-15	Johnson Timothy D	sold (taxes)	-404,490	79.53	-5,086	evp & general counsel

About Builders FirstSource

David E. Flitman

www.bldr.com

28000

Builders FirstSource, Inc., together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior and exterior trims and custom products under the Synboard brand name. The company also offers gypsum, roofing, and insulation products, including wallboards, ceilings, joint treatments, and finishes; and siding, metal, and concrete products, such as vinyl, composite, and wood siding products, as well as exterior trims, other exteriors, metal studs, and cement products. In addition, it provides other building products and services, such as cabinets and hardware, as well as turn-key framing, shell construction, design assistance, and professional installation services. The company was formerly known as BSL Holdings, Inc. and changed its name to Builders FirstSource, Inc. in October 1999. Builders FirstSource, Inc. was founded in 1998 and is based in Dallas, Texas.

BLDR Income Statement

2022-12-31

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 22,726,418	$ 19,893,856	$ 8,558,874
Cost of sales	14,982,039	14,042,900	6,336,290
Gross margin	7,744,379	5,850,956	2,222,584
Selling, general and administrative expenses	3,974,173	3,463,532	1,678,730
Income from operations	3,770,206	2,387,424	543,854
Interest expense, net	198,373	135,877	135,688
Income before income taxes	3,571,833	2,251,547	408,166
Income tax expense	822,464	526,131	94,629
Net income	$ 2,749,369	$ 1,725,416	$ 313,537
Net income per share:
Basic	$ 16.98	$ 8.55	$ 2.69
Diluted	$ 16.82	$ 8.48	$ 2.66
Weighted average common shares:
Basic	161,960	201,839	116,611
Diluted	163,481	203,470	117,917

BLDR Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 80,445	$ 42,603
Accounts receivable, less allowances of $67,980 and $39,510 at December 31, 2022 and December 31, 2021, respectively	1,448,139	1,708,796
Other receivables	234,966	255,075
Inventories, net	1,426,196	1,626,244
Contract assets	183,700	207,587
Other current assets	124,201	127,964
Total current assets	3,497,647	3,968,269
Property, plant and equipment, net	1,567,631	1,385,441
Operating lease right-of-use assets, net	485,704	457,833
Goodwill	3,456,854	3,270,192
Intangible assets, net	1,550,944	1,603,409
Other assets, net	36,380	29,199
Total assets	10,595,160	10,714,343
Current liabilities:
Accounts payable	803,479	1,093,370
Accrued liabilities	739,009	718,904
Contract liabilities	193,178	216,097
Current portion of operating lease liabilities	100,758	96,680
Current maturities of long-term debt	6,355	3,660
Total current liabilities	1,842,779	2,128,711
Noncurrent portion of operating lease liabilities	404,463	375,289
Long-term debt, net of current maturities, discounts and issuance costs	2,977,842	2,926,122
Deferred income taxes	269,660	362,121
Other long-term liabilities	137,850	119,619
Total liabilities	5,632,594	5,911,862
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding
Common stock, $0.01 par value, 300,000 shares authorized; 138,864 and 179,820 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	1,389	1,798
Additional paid-in capital	4,257,667	4,260,670
Retained earnings	703,510	540,013
Total stockholders' equity	4,962,566	4,802,481
Total liabilities and stockholders' equity	$ 10,595,160	$ 10,714,343