ROAD - Construction Partners Inc Stock Price, Fair Value and News

51.67USD+1.21 (+2.40%)Market Closed

Market Summary

USD51.67+1.21

Market Closed

2.40%

ROAD Stock Price

View Fullscreen

ROAD RSI Chart

ROAD Valuation

Market Cap

2.6B

Price/Earnings (Trailing)

45.98

Price/Sales (Trailing)

1.62

EV/EBITDA

50.6

Price/Free Cashflow

27.36

ROAD Price/Sales (Trailing)

ROAD Profitability

EBT Margin

4.69%

Return on Equity

10.93%

Return on Assets

4.46%

Free Cashflow Yield

3.66%

ROAD Fundamentals

ROAD Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

16.01%

Rev. Growth (Qtr)

-16.53%

ROAD Earnings

Earnings (TTM)

57.0M

Earnings Growth (Yr)

420.24%

Earnings Growth (Qtr)

-68.16%

Breaking Down ROAD Revenue

Last 7 days

-8.1%

Last 30 days

-7.7%

Last 90 days

20.7%

Trailing 12 Months

96.8%

How does ROAD drawdown profile look like?

ROAD Financial Health

Current Ratio

1.75

Debt/Equity

0.82

Debt/Cashflow

0.44

ROAD Investor Care

Shares Dilution (1Y)

0.13%

Diluted EPS (TTM)

1.09

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.4B	1.5B	1.6B	1.6B
2022	1.1B	1.2B	1.3B	1.4B
2021	811.7M	856.3M	910.7M	1.0B
2020	808.6M	798.4M	785.7M	801.3M
2019	729.4M	761.6M	783.2M	804.2M
2018	624.2M	652.1M	680.1M	684.0M
2017	0	0	568.2M	596.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Construction Partners Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 20, 2023	suntx capital ii management corp.	sold	-971,036	44.2084	-21,965	-
Dec 20, 2023	suntx capital ii management corp.	sold	-1,239,380	44.2084	-28,035	-
Dec 19, 2023	brooks judson ryan	sold (taxes)	-7,918	43.75	-181	senior vice president, legal
Dec 19, 2023	andrews todd keith	sold (taxes)	-7,481	43.75	-171	chief accounting officer
Dec 19, 2023	armstrong michael brett	sold (taxes)	-15,618	43.75	-357	senior vice president
Dec 19, 2023	smith fred julius iii	sold (taxes)	-33,950	43.75	-776	president and ceo
Dec 19, 2023	flowers robert p.	sold (taxes)	-14,306	43.75	-327	senior vice president
Dec 19, 2023	hoffman gregory a	sold (taxes)	-9,887	43.75	-226	senior vp, finance
Dec 19, 2023	fleming ned n. iv	sold (taxes)	-6,518	43.75	-149	-
Dec 14, 2023	flowers robert p.	sold (taxes)	-63,767	43.35	-1,471	senior vice president

Which funds bought or sold ROAD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 22, 2024	Byrne Asset Management LLC	reduced	-21.57	-123	22,460	0.02%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	reduced	-26.83	-118,010	1,993,490	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-31.37	-2,519,380	19,466,900	0.01%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	148,339	927,542	0.01%
Apr 19, 2024	Mesirow Financial Investment Management, Inc.	reduced	-23.2	22,499	354,868	1.77%
Apr 18, 2024	WASATCH ADVISORS LP	added	188	69,482,100	95,024,200	0.50%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-15.11	727,184	8,365,900	0.01%
Apr 17, 2024	Cannon Global Investment Management, LLC	new	-	460,430	460,430	1.24%
Apr 16, 2024	Financial Management Professionals, Inc.	sold off	-100	-17,000	-	-%
Apr 16, 2024	Perpetual Ltd	unchanged	-	79,696	354,307	-%

Are Funds Buying or Selling ROAD?

Are funds buying ROAD calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ROAD

No. of Funds

Unveiling Construction Partners Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	suntx capital ii management corp.	9.6%	4,595,867	SC 13G/A
Feb 13, 2024	vanguard group inc	5.37%	2,346,238	SC 13G/A
Feb 13, 2024	kayne anderson rudnick investment management llc	8.54%	3,731,360	SC 13G/A
Feb 01, 2024	invesco ltd.	3.1%	1,373,625	SC 13G/A
Jan 25, 2024	blackrock inc.	8.4%	3,655,931	SC 13G/A
Jan 05, 2024	conestoga capital advisors, llc	10.98%	4,798,691	SC 13G/A
Aug 11, 2023	fleming ned n. iv	0.8%	349,328	SC 13D
Feb 14, 2023	suntx capital management corp.	5.7%	2,513,717	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	10.43%	4,310,440	SC 13G/A
Feb 10, 2023	invesco ltd.	5.3%	2,191,966	SC 13G

Recent SEC filings of Construction Partners Inc

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	8-K	Current Report
Mar 22, 2024	8-K	Current Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	8-K	Current Report
Feb 09, 2024	10-Q	Quarterly Report
Feb 06, 2024	SCHEDULE 13G/A	SCHEDULE 13G/A
Feb 01, 2024	SC 13G/A	Major Ownership Report
Jan 26, 2024	DEF 14A	DEF 14A

Peers (Alternatives to Construction Partners Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	185.5B	67.1B	-0.14%	62.36%	17.96	2.77	12.84%	54.12%
GE	177.0B	68.0B	-14.27%	50.89%	18.67	2.6	16.96%	2688.24%
AME	41.6B	6.6B	-2.90%	29.26%	31.66	6.3	7.26%	13.25%
CMI	41.5B	34.1B	-0.06%	24.60%	49.41	1.22	21.34%	-61.52%
ACM	12.8B	14.9B	-5.07%	12.52%	206.5	0.86	12.31%	-81.65%
MID-CAP
APG	9.1B	6.9B	-4.37%	71.19%	59.36	1.31	5.64%	109.59%
FLR	6.7B	15.5B	-4.06%	33.73%	48.56	0.43	12.59%	-4.48%
FLS	6.0B	4.3B	0.90%	39.40%	32.35	1.4	19.51%	-1.03%
ACA	3.7B	2.3B	-10.11%	25.92%	23.21	1.6	2.90%	-35.23%
ALG	2.5B	1.7B	-4.81%	13.17%	18	1.45	11.63%	33.59%
SMALL-CAP
AMRC	995.4M	1.4B	-3.29%	-56.18%	15.93	0.72	-24.65%	-34.19%
NKLA	854.8M	35.8M	-4.55%	-31.71%	-0.88	23.85	-27.93%	-23.21%
AGX	816.9M	573.3M	21.24%	54.79%	25.25	1.42	26.00%	-2.24%
AMSC	360.8M	135.4M	-9.82%	190.84%	-22	2.67	-25.90%	65.37%
ADES	220.7M	99.2M	6.41%	240.51%	-18.02	2.23	-3.69%	-37.37%

Construction Partners Inc News

Latest updates

Construction Partners Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-16.5%	397	475	422	325	342	393	380	243	285	279	262	179	191	225	217	169	175	237	227	164	154
Gross Profit	-31.3%	52.00	76.00	64.00	26.00	30.00	50.00	44.00	12.00	33.00	35.00	37.00	18.00	31.00	41.00	37.00	20.00	24.00	39.00	38.00	20.00	21.00
S&GA Expenses	9.0%	36.00	33.00	32.00	32.00	30.00	31.00	27.00	25.00	25.00	24.00	23.00	24.00	20.00	18.00	17.00	17.00	17.00	18.00	16.00	15.00	14.00
EBITDA Margin	18.3%	0.04*	0.03*	0.07*	0.06*	0.06*	0.07*	0.07*	0.07*	0.08*	0.08*	0.10*	0.11*	0.12*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.10*	0.12*
Interest Expenses	-5.7%	-3.75	-3.54	-5.04	-4.80	-3.96	-3.52	-2.05	-0.86	-1.26	-1.07	-0.57	-0.30	-0.47	-0.42	-0.57	-1.83	-0.28	-0.35	-0.61	-0.38	-0.51
Income Taxes	-69.6%	3.00	10.00	7.00	-1.47	1.00	4.00	4.00	-2.89	2.00	3.00	5.00	-1.51	3.00	6.00	5.00	1.00	1.00	6.00	5.00	1.00	2.00
Earnings Before Taxes	-68.5%	13.00	41.00	29.00	-6.95	2.00	17.00	16.00	-12.30	7.00	10.00	14.00	-6.45	11.00	24.00	20.00	2.00	7.00	22.00	22.00	5.00	6.00
EBT Margin	12.2%	0.05*	0.04*	0.03*	0.02*	0.02*	0.02*	0.02*	0.02*	0.03*	0.03*	0.05*	0.06*	0.07*	0.07*	0.06*	0.06*	0.07*	0.07*	0.07*	0.06*	0.08*
Net Income	-68.2%	10.00	31.00	22.00	-5.48	2.00	13.00	12.00	-9.42	6.00	8.00	9.00	-4.93	8.00	18.00	16.00	2.00	5.00	17.00	17.00	4.00	5.00
Net Income Margin	12.3%	0.04*	0.03*	0.02*	0.02*	0.01*	0.02*	0.01*	0.01*	0.02*	0.02*	0.03*	0.04*	0.05*	0.05*	0.05*	0.05*	0.05*	0.06*	0.05*	0.05*	0.07*
Free Cashflow	-23.4%	34.00	44.00	30.00	-11.92	-2.78	10.00	-30.55	-15.73	-15.68	22.00	-5.75	-14.75	-9.75	43.00	24.00	8.00	-21.91	27.00	1.00	-8.31	-6.19

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	4.6%	1,276	1,220	1,184	1,141	1,129	1,096	1,020	938	873	807	767	616	604	628	574	548	525	532	509	476	468
Current Assets	-2.5%	461	473	441	406	401	417	389	314	299	300	373	233	229	332	276	246	235	280	259	230	241
Cash Equivalents	42.5%	69.00	48.00	55.00	31.00	44.00	36.00	26.00	31.00	44.00	57.00	134	34.00	52.00	148	79.00	54.00	49.00	81.00	60.00	62.00	92.00
Inventory	15.0%	97.00	84.00	88.00	86.00	80.00	74.00	77.00	70.00	58.00	54.00	51.00	46.00	42.00	39.00	39.00	42.00	36.00	34.00	37.00	33.00	29.00
Net PPE	11.2%	562	505	503	503	498	481	454	455	429	405	297	290	285	237	237	240	230	206	202	198	179
Goodwill	10.8%	177	159	157	163	160	129	125	38.00	121	85.00	78.00	77.00	77.00	46.00	46.00	0.00	45.00	39.00	2.00	37.00	-
Liabilities	7.4%	755	703	703	688	670	640	590	522	455	398	368	227	211	243	207	197	175	188	183	168	163
Current Liabilities	-5.8%	263	279	241	225	203	226	204	163	143	158	152	126	108	136	126	114	103	128	131	113	105
Long Term Debt	18.4%	427	361	405	409	413	363	341	317	274	206	189	73.00	76.00	79.00	56.00	57.00	49.00	42.00	37.00	41.00	44.00
LT Debt, Current	0%	15.00	15.00	14.00	14.00	13.00	13.00	13.00	10.00	10.00	10.00	10.00	13.00	13.00	13.00	10.00	8.00	9.00	8.00	15.00	15.00	15.00
LT Debt, Non Current	18.4%	427	361	405	409	413	363	341	317	274	206	189	73.00	76.00	79.00	56.00	57.00	49.00	42.00	37.00	41.00	44.00
Shareholder's Equity	0.9%	521	517	481	453	459	456	431	415	417	409	400	389	393	401	367	351	349	344	326	309	305
Retained Earnings	4.0%	256	246	215	194	199	197	184	172	181	176	168	159	164	156	138	122	121	116	99.00	82.00	78.00
Additional Paid-In Capital	1.0%	270	267	264	262	259	257	254	252	250	249	247	246	245	245	245	244	244	243	243	242	242
Shares Outstanding	0.1%	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	51.00	51.00	51.00	51.00	51.00	51.00	51.00	51.00	51.00
Float	-	-	-	-	1,086	-	-	-	1,039	-	-	-	1,013	-	-	-	315	-	-	-	152	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-3.6%	60,378	62,615	48,846	16,812	28,884	26,219	-13,015	3,871	-577	39,166	6,936	1,689	709	53,759	30,799	18,929	1,686	37,311	12,664	4,088	1,211
Share Based Compensation	1.4%	2,889	2,850	2,737	2,692	2,480	2,906	1,848	1,742	1,504	1,347	1,347	460	395	395	390	390	395	811	146	-	-
Cashflow From Investing	-323.1%	-104,661	-24,734	-21,403	-26,565	-70,670	-38,719	-18,430	-59,903	-80,274	-133,882	-19,065	-16,409	-94,056	-10,180	-6,260	-22,433	-40,490	-13,877	-11,229	-30,049	-5,070
Cashflow From Financing	248.4%	64,914	-43,750	-3,125	-3,125	49,736	21,875	26,300	43,500	67,461	17,499	112,848	-3,250	-3,250	26,042	362	7,855	7,628	-2,463	-3,698	-3,695	-3,711
Buy Backs	-	1,336	-	-	-	139	-	-	-	39.00	-	-	-	-	-	-	-	-	-	-	-	-

ROAD Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues	$ 396,505	$ 341,779
Cost of revenues	344,625	311,283
Gross profit	51,880	30,496
General and administrative expenses	(35,981)	(29,725)
Gain on sale of property, plant and equipment, net	836	168
Gain on facility exchange	0	5,389
Operating income	16,735	6,328
Interest expense, net	(3,746)	(3,960)
Other (expense) income	(28)	34
Income before provision for income taxes	12,961	2,402
Provision for income taxes	3,118	510
Net income	9,843	1,892
Other comprehensive loss, net of tax
Unrealized loss on interest rate swap contract, net	(7,105)	(1,292)
Unrealized gain on restricted investments, net	400	36
Other comprehensive loss	(6,705)	(1,256)
Comprehensive income	$ 3,138	$ 636
Net income per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.19	$ 0.04
Diluted (in dollars per share)	$ 0.19	$ 0.04
Weighted average number of common shares outstanding:
Basic (in shares)	51,892,426	51,824,948
Diluted (in shares)	52,430,864	52,120,584

ROAD Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 68,738	$ 48,243
Restricted cash	973	837
Contracts receivable including retainage, net	255,529	303,704
Costs and estimated earnings in excess of billings on uncompleted contracts	30,439	27,296
Inventories	96,662	84,038
Prepaid expenses and other current assets	9,029	9,306
Total current assets	461,370	473,424
Property, plant and equipment, net	561,661	505,095
Operating lease right-of-use assets	18,415	14,485
Goodwill	176,530	159,270
Intangible assets, net	19,791	19,520
Investment in joint venture	87	87
Restricted investments	14,585	15,079
Other assets	23,711	32,705
Total assets	1,276,150	1,219,665
Current liabilities:
Accounts payable	131,749	151,406
Billings in excess of costs and estimated earnings on uncompleted contracts	88,649	78,905
Current portion of operating lease liabilities	3,479	2,338
Current maturities of long-term debt	15,000	15,000
Accrued expenses and other current liabilities	24,055	31,534
Total current liabilities	262,932	279,183
Long-term liabilities:
Long-term debt, net of current maturities and deferred debt issuance costs	427,064	360,740
Operating lease liabilities, net of current portion	15,493	12,649
Deferred income taxes, net	34,509	37,121
Other long-term liabilities	14,993	13,398
Total long-term liabilities	492,059	423,908
Total liabilities	754,991	703,091
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at December 31, 2023 and September 30, 2023	0	0
Additional paid-in capital	270,113	267,330
Accumulated other comprehensive income, net	11,989	18,694
Retained earnings	256,118	246,275
Total stockholders’ equity	521,159	516,574
Total liabilities and stockholders’ equity	1,276,150	1,219,665
Common Class A
Stockholders’ equity:
Common stock, value	44	44
Treasury stock, value	(1,514)	(178)
Common Class B
Stockholders’ equity:
Common stock, value	12	12
Treasury stock, value	$ (15,603)	$ (15,603)

About Construction Partners Inc

Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 1999 and is headquartered in Dothan, Alabama.

CEO	Mr. Fred Julius Smith III
WEBSITE	constructionpartners.net
INDUSTRY	Apparel Manufacturing
EMPLOYEES	4000

Construction Partners Inc Frequently Asked Questions

What is the ticker symbol for Construction Partners Inc? What does ROAD stand for in stocks?

ROAD is the stock ticker symbol of Construction Partners Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Construction Partners Inc (ROAD)?

As of Mon Apr 22 2024, market cap of Construction Partners Inc is 2.62 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ROAD stock?

You can check ROAD's fair value in chart for subscribers.

What is the fair value of ROAD stock?

You can check ROAD's fair value in chart for subscribers. The fair value of Construction Partners Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Construction Partners Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ROAD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Construction Partners Inc a good stock to buy?

The fair value guage provides a quick view whether ROAD is over valued or under valued. Whether Construction Partners Inc is cheap or expensive depends on the assumptions which impact Construction Partners Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ROAD.

What is Construction Partners Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, ROAD's PE ratio (Price to Earnings) is 45.98 and Price to Sales (PS) ratio is 1.62. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ROAD PE ratio will change depending on the future growth rate expectations of investors.