William Blair Analyzes Beacon Roofing Supply’s FY2022 Earnings

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BECN Stock Fair Value – Beacon Roofing Supply ($NASDAQ:BECN), Inc. is a leading distributor of residential and commercial roofing materials and other complementary building products, operating through its subsidiaries in the United States and Canada. The company is a major player in the roofing supply industry, providing customers with reliable supply chain solutions and exceptional customer service. Recently, William Blair published an analysis of Beacon Roofing Supply’s FY2022 earnings. The analysis was conducted by the firm’s equity research team and was based on the company’s financial performance for the fiscal year.

This increase was primarily driven by higher sales volumes, as well as improved gross margins. Overall, William Blair’s analysis of Beacon Roofing Supply’s FY2022 earnings revealed that the company had a successful fiscal year, with strong growth in sales and improved gross margins. The team expects that this momentum will continue in the coming fiscal year as the company continues to expand its presence in the roofing supply industry.

Market Price

Currently, the media sentiment is mostly neutral on Beacon Roofing Supply. On Friday, Beacon Roofing Supply’s stock opened at $53.6 and closed at $54.7, an increase of 1.5% from the prior closing price of $53.9. This slight increase could indicate that investors may be optimistic about the company’s future performance. Beacon Roofing Supply is the largest publicly traded roofing distributor in the United States. The company distributes roofing materials and related building products to professional contractors, home builders, and other building material suppliers. It has operations in forty states and Canada.

In FY2022, Beacon Roofing Supply is expected to benefit from the strong demand for residential and commercial roofing materials as the housing market continues to grow. William Blair’s analysis noted that Beacon Roofing Supply’s FY2022 earnings are likely to be supported by the company’s plans to expand its distribution network, as well as improving sales in the residential and commercial markets. The analysts also noted that Beacon Roofing Supply’s strong financial position should help them manage any potential risks associated with their expansion plans. Investors should keep an eye on the company’s performance and how it is affected by the housing market, as well as its plans for expansion. As long as these factors remain positive, Beacon Roofing Supply is likely to see success in FY2022. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for BECN are shown below. More…

VI Analysis – BECN Stock Fair Value

Beacon Roofing Supply Inc. is a company with strong fundamentals that reflect its long-term potential. The VI app offers a simplified method of analysing the company’s performance. The intrinsic value of a Beacon Roofing Supply share is estimated at around $50.4, according to the VI Line analysis. Currently, the stock is trading at $54.7, which is slightly overvalued by 8%. Beacon Roofing Supply’s financial indicators are all positive, and the company has consistently posted profits over the past few years. The company’s balance sheet is also sound, and its cash position is healthy. Its debt-to-equity ratio is low, indicating that it is able to manage its debt efficiently. Furthermore, the company has a strong return on equity, indicating that it is able to generate high returns from its investments. The company also has a strong presence in the roofing supply market, and is well-positioned to benefit from any upturn in the industry. Additionally, its customer base is diversified across many industries, which helps to reduce risk and maximize potential returns. Furthermore, its product offerings are highly competitive and it has developed a strong reputation for quality and service. In conclusion, Beacon Roofing Supply is a company with good fundamentals and is well-positioned to benefit from any upturn in the industry. Its current stock price of $54.7 is slightly overvalued compared to its intrinsic value of $50.4, but this could be an opportunity to buy shares at a fair price. More…

VI Peers

Beacon Roofing Supply Inc is one of the largest roofing distributors in North America. The company has more than 500 locations across the United States and Canada. The company was founded in 1928 and is headquartered in Herndon, Virginia. Beacon Roofing Supply Inc’s main competitors are BlueLinx Holdings Inc, Jiangsu Canlon Building Materials Co Ltd, and Armstrong Flooring Inc.

– BlueLinx Holdings Inc ($NYSE:BXC)

BlueLinx Holdings Inc is a holding company. Through its subsidiaries, the Company is engaged in the distribution of building and industrial products in North America. It offers its products to customers in the United States and Canada. The Company’s segments include Wholesale and Retail. The Wholesale segment is engaged in selling, marketing and distribution of building products to lumber yards, building material suppliers, professional lumber dealers and industrial users primarily in the United States. The Retail segment is engaged in selling, marketing and distribution of building products to lumber yards, building material suppliers and professional lumber dealers in Canada.

– Jiangsu Canlon Building Materials Co Ltd ($SZSE:300715)

Jiangsu Canlon Building Materials Co Ltd is a Chinese company that produces building materials. The company has a market cap of 5.15B as of 2022 and a Return on Equity of -0.94%. The company’s products include windows, doors, curtain walls, and sunrooms.

Summary

Investment analysis of Beacon Roofing Supply reveals a company with a strong financial performance for the 2022 fiscal year. William Blair analysts have reported a mostly neutral sentiment from media outlets due to the company’s growth potential. The company’s balance sheet remains strong, with cash and cash equivalents increasing from the previous year. Its debt-to-equity ratio is low, indicating that the company is financially sound.

Analysts expect the company to continue to perform well, with sales and profits expected to increase in the coming years. Overall, Beacon Roofing Supply is a solid investment option for those looking for long-term growth.