Universal Forest Products Inc Stock Research

Market Summary

USD80.79+0.26

Market Closed

0.32%

UFPI Alerts

1 major insider sales recently.
Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

UFPI Stock Price

UFPI RSI Chart

UFPI Valuation

Market Cap

5.0B

Price/Earnings (Trailing)

7.98

Price/Sales (Trailing)

0.56

EV/EBITDA

4.8

Price/Free Cashflow

5.84

UFPI Price/Sales (Trailing)

UFPI Profitability

Operating Margin

18.59%

EBT Margin

9.71%

Return on Equity

26.81%

Return on Assets

18.96%

Free Cashflow Yield

17.13%

UFPI Fundamentals

UFPI Revenue

Revenue (TTM)

9.0B

Revenue Y/Y

-26.79%

Revenue Q/Q

-4.77%

UFPI Earnings

Earnings (TTM)

629.0M

Earnings Y/Y

-33.54%

Earnings Q/Q

-4.92%

Price Action

52 Week Range

64.1399.40

(Low)(High)

Last 7 days

-2.3%

Last 30 days

6.1%

Last 90 days

-4.7%

Trailing 12 Months

4.8%

UFPI Financial Health

Current Ratio

3.7

UFPI Investor Care

Dividend Yield

1.24%

Dividend/Share (TTM)

Buy Backs (1Y)

1.02%

Diluted EPS (TTM)

9.97

Peers (Alternatives to Universal Forest Products)

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	40.9B	16.3B	-6.13%	21.92%	23.3	2.56	12.63%	24.25%
BLDR	15.2B	20.9B	27.94%	74.41%	6.23	0.73	-2.21%	11.45%
MAS	11.4B	8.5B	-0.16%	-10.08%	14	1.35	-1.72%	48.63%
MID-CAP
LII	10.0B	4.8B	9.13%	35.27%	19.47	2.09	11.16%	10.36%
FBHS	7.7B	4.6B	-5.00%	-39.38%	11.25	1.64	-4.85%	-23.87%
TREX	5.8B	1.0B	1.46%	-18.96%	37.26	5.73	-22.09%	-33.21%
UFPI	5.0B	9.0B	6.05%	4.84%	7.98	0.56	-3.66%	1.12%
CSWI	2.2B	735.5M	8.36%	36.35%	25.4	3.03	25.40%	50.53%
SMALL-CAP
AMWD	1.1B	2.1B	33.52%	23.68%	13.65	0.51	14.10%	292.01%
DOOR	2.0B	2.9B	6.98%	-1.19%	10.9	0.7	8.02%	60.85%
PATK	1.6B	4.4B	9.59%	24.19%	6.4	0.35	-2.84%	-15.30%
JELD	1.2B	5.2B	20.41%	-24.35%	19.42	0.23	6.81%	-57.01%
NX	701.0M	1.2B	11.88%	5.56%	8.87	0.58	9.68%	30.88%
IIIN	612.8M	761.1M	14.17%	-21.09%	7.75	0.81	5.17%	-25.17%

Financials for Universal Forest Products

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-6.9%	8,960	9,627	9,730	9,501	9,300
Cost Of Revenue	-7.0%	7,290	7,837	7,926	7,820	7,702
Gross Profit	-6.7%	1,669	1,789	1,804	1,681	1,599
S&GA Expenses	-3.1%	807	832	827	782	752
EBITDA	-1.6%	1,043	1,060	991	946	-
EBITDA Margin	-0.5%	0.11*	0.11*	0.10*	0.10*	-
Earnings Before Taxes	-9.6%	845	935	955	888	844
EBT Margin	-1.0%	0.10*	0.10*	0.09*	0.09*	-
Interest Expenses	-1.3%	14.00	14.00	14.00	13.00	14.00
Net Income	-9.2%	629	693	698	652	622
Net Income Margin	0.3%	0.07*	0.07*	0.07*	0.07*	-
Free Cahsflow	8.0%	657	609	575	316	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.7%	3,697	3,672	3,739	3,611	3,674
Current Assets	0.2%	2,267	2,262	2,436	2,376	2,472
Cash Equivalents	-24.3%	423	559	449	138	74.00
Inventory	-1.3%	960	973	1,007	1,106	1,230
Net PPE	1.6%	700	689	644	625	601
Goodwill	0.0%	337	337	319	321	318
Liabilities	-7.9%	984	1,068	1,262	1,286	1,456
Current Liabilities	-13.3%	530	612	803	824	903
LT Debt, Current	2.7%	3.00	3.00	42.00	40.00	43.00
LT Debt, Non Current	-0.1%	275	275	275	276	379
Shareholder's Equity	5.5%	2,706	2,564	2,437	2,325	2,218
Retained Earnings	3.4%	2,293	2,217	2,103	1,951	1,852
Additional Paid-In Capital	10.8%	326	294	284	275	267
Accumulated Depreciation	2.5%	708	691	680	661	643
Shares Outstanding	0.8%	62.00	62.00	62.00	62.00	63.00
Minority Interest	-9.1%	30.00	33.00	32.00	45.00	40.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	25.0%	1,040	832	764	719	464
Cashflow From Investing	5.1%	-336	-353	-305	-215	-374
Cashflow From Financing	-69.3%	-355	-210	-163	-407	-60.60
Dividend Payments	5.3%	62.00	59.00	56.00	50.00	43.00
Buy Backs	33.6%	128	96.00	128	186	14.00

Risks for UFPI

What is the probability of a big loss on UFPI?

84.2%

Probability that Universal Forest Products stock will be more than 20% underwater in next one year

34.6%

Probability that Universal Forest Products stock will be more than 30% underwater in next one year.

18.5%

Probability that Universal Forest Products 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 UFPI drawdown profile look like?

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

Drawdowns

Returns for UFPI

Cumulative Returns on UFPI

20.8%

10-Year Cumulative Returns

17.3%

7-Year Cumulative Returns

18.4%

5-Year Cumulative Returns

22.1%

3-Year Cumulative Returns

What are the long-term rolling returns for UFPI?

FIve years rolling returns for Universal Forest Products.

Annualized Returns

Which funds bought or sold UFPI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	added	10.25	81,209	850,806	-%
2023-05-25	Brandywine Global Investment Management, LLC	added	44.29	5,174,090	16,752,800	0.07%
2023-05-25	Legato Capital Management LLC	added	14.75	146,136	1,116,000	0.20%
2023-05-23	ROYCE & ASSOCIATES LP	added	11.85	5,677,440	52,376,600	0.52%
2023-05-23	Toroso Investments, LLC	new	-	1,276,000	1,276,000	0.02%
2023-05-22	Westover Capital Advisors, LLC	unchanged	-	682	246,357	0.09%
2023-05-22	PUTNAM INVESTMENTS LLC	added	0.28	13,841	2,480,740	-%
2023-05-22	Arete Wealth Advisors, LLC	new	-	596,000	596,000	0.05%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-40.04	-15,930,600	24,027,400	0.01%
2023-05-18	JPMORGAN CHASE & CO	added	16.82	8,556,170	58,457,200	0.01%

Latest Funds Activity

Are funds buying UFPI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own UFPI

No. of Funds

Universal Forest Products News

Schedule 13G FIlings of Universal Forest Products

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.17%	7,501,106	SC 13G/A
Jan 23, 2023	blackrock inc.	17.4%	10,703,136	SC 13G/A
Feb 10, 2022	vanguard group inc	11.44%	7,080,062	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.6%	2,834,856	SC 13G/A
Jan 27, 2022	blackrock inc.	15.5%	9,600,272	SC 13G/A
Jan 26, 2022	blackrock inc.	15.5%	9,600,272	SC 13G
Feb 12, 2021	dimensional fund advisors lp	5.6%	3,428,745	SC 13G
Feb 10, 2021	vanguard group inc	11.05%	6,761,427	SC 13G/A
Jan 26, 2021	blackrock inc.	15.3%	9,371,638	SC 13G/A
Feb 12, 2020	dimensional fund advisors lp	6.89%	4,229,877	SC 13G/A

UFPI Fair Value

Recent SEC filings of Universal Forest Products

View All Filings

Date Filed	Form Type	Document
May 19, 2023	4	Insider Trading
May 18, 2023	4	Insider Trading
May 16, 2023	144	Notice of Insider Sale Intent
May 15, 2023	8-K	Current Report
May 10, 2023	10-Q	Quarterly Report
May 03, 2023	4	Insider Trading
May 03, 2023	4	Insider Trading
May 03, 2023	4	Insider Trading
May 03, 2023	4	Insider Trading
May 03, 2023	4	Insider Trading

Latest Insider Trading transactions for UFPI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-19	MISSAD MATTHEW J	sold	-42,572	85.144	-500	chief executive officer
2023-05-17	MISSAD MATTHEW J	sold	-418,000	83.6	-5,000	chief executive officer
2023-05-01	Tuuk Mary E	acquired	33,728	79.36	425	-
2023-05-01	MERINO BRUCE A	acquired	33,728	79.36	425	-
2023-03-16	MISSAD MATTHEW J	sold	-790,300	79.03	-10,000	chief executive officer
2023-03-09	MISSAD MATTHEW J	sold	-25,206	84.02	-300	chief executive officer
2023-03-08	MISSAD MATTHEW J	sold	-838,960	83.896	-10,000	chief executive officer
2023-03-07	Benton Patrick M.	sold	-1,099,600	83.55	-13,161	pres, ufp construction, llc
2023-03-02	Worthington Scott A	acquired	48,270	85.89	562	president, ufp packaging, llc
2023-03-02	MISSAD MATTHEW J	acquired	91,043	85.89	1,060	chief executive officer

About Universal Forest Products

Matthew J. Missad

www.ufpi.com

15000

UFP Industries, Inc., through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products. This segment serves national home center retailers, and retail-oriented regional and contractor-oriented lumberyards under the ProWood, ProWood FR, Deckorators, UFP-Edge, Outdoor Essentials, Dimensions, and Handprint trademarks. The Industrial segment provides pallets, specialty crates, wooden boxes, and other containers and products that are used for packaging, shipping, and material handling applications, as well as various other protective packaging applications. The construction segment offers roof trusses, cut and shaped lumbers, plywood, oriented strand boards, and dimensional lumbers; and engineered wood components, including roof and floor trusses, wall panels, I-joists, and lumber packages, as well as distributes siding, electrical, and plumbing products to factory-built housing and recreational vehicle customers. This segment also engages in the manufacture of components; design, manufacture, and supply of wood forms and related products to set or form concrete for structures, such as parking garages, stadiums, and bridges, as well as provides farming services for builders. It also offers interior fixtures, millwork, and casework for retail, commercial, and other structures; and structural wood packaging, other packing materials, and original equipment manufacturer components for various industries. The company was formerly known as Universal Forest Products, Inc. and changed its name to UFP Industries, Inc. in April 2020. UFP Industries, Inc. was founded in 1955 and is headquartered in Grand Rapids, Michigan.

UFPI Income Statement

2023-04-01

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Mar. 26, 2022
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
NET SALES	$ 1,822,476	$ 2,489,313
COST OF GOODS SOLD	1,464,147	2,010,950
GROSS PROFIT	358,329	478,363
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	194,683	220,150
OTHER LOSSES (GAINS), NET	1,938	(812)
EARNINGS FROM OPERATIONS	161,708	259,025
INTEREST EXPENSE	3,118	3,302
INTEREST AND INVESTMENT (INCOME) LOSS	(6,547)	1,093
EQUITY IN LOSS OF INVESTEE	588	515
NON-OPERATING EXPENSE	(2,841)	4,910
EARNINGS BEFORE INCOME TAXES	164,549	254,115
INCOME TAXES	38,971	60,984
NET EARNINGS	125,578	193,131
NET LOSS (EARNINGS) ATTRIBUTABLE TO NONCONTROLLING INTEREST	491	(3,428)
NET EARNINGS ATTRIBUTABLE TO CONTROLLING INTEREST	$ 126,069	$ 189,703
EARNINGS PER SHARE - BASIC (USD per share)	$ 2.01	$ 3.01
EARNINGS PER SHARE - DILUTED (USD per share)	$ 1.98	$ 3.00
OTHER COMPREHENSIVE INCOME:
NET EARNINGS	$ 125,578	$ 193,131
OTHER COMPREHENSIVE INCOME	6,252	3,184
COMPREHENSIVE INCOME	131,830	196,315
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	(1,760)	(4,377)
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST	$ 130,070	$ 191,938

UFPI Balance Sheet

2023-04-01

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022	Mar. 26, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 423,299	$ 559,397	$ 73,783
Restricted cash	761	226	729
Investments	37,534	36,013	35,465
Accounts receivable, net	809,389	617,604	1,095,362
Inventories:
Raw materials	425,835	398,798	576,023
Finished goods	534,503	574,429	654,328
Total inventories	960,338	973,227	1,230,351
Refundable income taxes		33,126
Other current assets	35,692	42,520	36,727
TOTAL CURRENT ASSETS	2,267,013	2,262,113	2,472,417
DEFERRED INCOME TAXES	4,194	3,750	3,590
RESTRICTED INVESTMENTS	22,267	19,898	19,390
RIGHT OF USE ASSETS	116,564	107,517	99,914
OTHER ASSETS	99,516	101,262	32,544
GOODWILL	337,467	337,320	317,631
INDEFINITE-LIVED INTANGIBLE ASSETS	7,336	7,339	7,396
OTHER INTANGIBLE ASSETS, NET	142,277	143,892	120,205
PROPERTY, PLANT AND EQUIPMENT:
Property, plant and equipment	1,408,360	1,379,968	1,244,070
Less accumulated depreciation and amortization	(708,205)	(690,986)	(643,191)
PROPERTY, PLANT AND EQUIPMENT, NET	700,155	688,982	600,879
TOTAL ASSETS	3,696,789	3,672,073	3,673,966
CURRENT LIABILITIES:
Cash overdraft			61,711
Accounts payable	277,989	206,941	425,956
Accrued liabilities:
Compensation and benefits	142,603	296,120	189,509
Income taxes	1,855		54,682
Other	77,054	80,255	102,434
Current portion of lease liability	27,838	25,577	26,015
Current portion of long-term debt	3,020	2,942	42,895
TOTAL CURRENT LIABILITIES	530,359	611,835	903,202
LONG-TERM DEBT	275,002	275,154	379,015
LEASE LIABILITY	92,182	85,419	76,969
DEFERRED INCOME TAXES	51,254	51,265	61,278
OTHER LIABILITIES	35,550	44,697	35,330
TOTAL LIABILITIES	984,347	1,068,370	1,455,794
TEMPORARY EQUITY:
Redeemable noncontrolling interest	6,801	6,880
Controlling interest shareholders' equity:
Preferred stock, no par value; shares authorized 1,000,000; issued and outstanding, none
Common stock, $1 par value; shares authorized 160,000,000; issued and outstanding, 62,095,570, 61,618,193 and 62,734,161	62,096	61,618	62,734
Additional paid-in capital	325,730	294,029	266,544
Retained earnings	2,293,025	2,217,410	1,851,784
Accumulated other comprehensive loss	(5,074)	(9,075)	(3,170)
Total controlling interest shareholders' equity	2,675,777	2,563,982	2,177,892
Noncontrolling interest	29,864	32,841	40,280
TOTAL SHAREHOLDERS' EQUITY	2,705,641	2,596,823	2,218,172
TOTAL LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS' EQUITY	$ 3,696,789	$ 3,672,073	$ 3,673,966