Patrick Industries Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 227.02
Dividend & Yield1.80$ (3.30%)
Beta 1.88
Market capitalization 1.25B
Operating cash flow 334.52M
ESG Scores unknown

Company description

Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, China, and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum product; fiberglass and plastic components; RV painting; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinet; polymer-based flooring product; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat covers, tower, top, and frame; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite part, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, marine accessories, wiring product, electrical and plumbing product, fiber reinforced polyester product; cement siding product, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other products. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.

Sector: Consumer Cyclical - Industry: Furnishings, Fixtures & Appliances

Financial Ratios
Quick Ratio0.83
Working Capital0.42
Return On Equity0.29
Debt To Equity1.67
Fixed Asset Ratio0.29
Fixed Interest Cover6.08

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -21.08M 1.08M 20.75M 149.85M
Total Cashflows From Investing Activities -371.37M -79.21M -337.88M -574.73M
Net Borrowings 306.73M 43.92M 135M 520.62M
Total Cash From Financing Activities 175.49M 19.3M 83.11M 400.69M
Change To Operating Activities 1.65M -12.87M -2.41M -13.11M
Issuance Of Stock 3k 7k 643k 4.95M
Net Income 119.83M 89.57M 97.06M 224.91M
Change In Cash 4.13M 132.5M -94.62M 78.08M
Effect Of Exchange Rate
Total Cash From Operating Activities 200.01M 192.41M 160.15M 252.13M
Depreciation 55.05M 62.8M 73.27M 104.81M
Change To Account Receivables 26.68M 5.77M -29.19M -14.35M
Other Cashflows From Financing Activities -20.98M -11.63M -2.06M -31.11M
Change To Netincome 11.9M 19.37M 28.04M 24.5M
Capital Expenditures -34.49M -27.66M -32.1M -64.8M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 151.98M 117.83M 130.37M 293.82M
Net Income 119.83M 89.57M 97.06M 224.91M
Selling General Administrative 203.24M 232.52M 242.83M 393.15M
Gross Profit 415.87M 422.87M 459.02M 801.19M
Ebit 178.41M 154.44M 175.32M 351.71M
Operating Income 178.41M 154.44M 175.32M 351.71M
Interest Expense -26.44M -36.62M -43M -57.89M
Income Tax Expense 32.15M 28.26M 33.31M 68.91M
Total Revenue 2.26B 2.34B 2.49B 4.08B
Cost Of Revenue 1.85B 1.91B 2.03B 3.28B
Total Other Income ExpenseNet -26.44M -36.62M -44.95M -57.89M
Net Income From Continuing Ops 119.83M 89.57M 97.06M 224.91M
Net Income Applicable To Common Shares 119.83M 89.57M 97.06M 224.91M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 822.48M 973.51M 1.19B 1.88B
Total Stockholder Equity 408.75M 497.48M 559.44M 767.56M
Other Current Liabilities 4.4M 2M 1.6M 7M
Total Assets 1.23B 1.47B 1.75B 2.65B
Common Stock 161.44M 172.66M 180.89M 196.38M
Other Current Assets 11.64M 14.95M 35.4M
Retained Earnings 224.87M 305.5M 360.21M 513.73M
Treasury Stock -2.68M -5.7M -6.05M -2.23M
Cash 6.89M 139.39M 44.77M 122.85M
Total Current Liabilities 157.75M 186.94M 227.39M 432.78M
Other Stockholder Equity -2.68M -5.7M -6.05M -2.23M
Property, Plant, and Equipment 177.15M 274.39M 369.31M 477.68M
Total Current Assets 385.17M 516.83M 528.06M 974.08M
Net Tangible Assets -255.96M -178.88M -292.63M -424.28M
Net Receivables 94.66M 102.95M 139.03M 181.09M
Accounts Payable 89.8M 96.21M 105.79M 203.54M


Insider Transactions

Here are the insider transactions of stock shares related to Patrick Industries Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
CLEVELAND TODD MSale at price 63.42 - 65.02 per share.D/I2022-08-16Officer and Director40k
CERULLI JOSEPH MStock Gift at price 0.00 per share.D2022-06-08Director150
CLEVELAND TODD MSale at price 64.72 - 67.65 per share.D2022-05-13Officer and Director25k
WELCH M SCOTTStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
SUGGS DENIS GStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
CERULLI JOSEPH MStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
FORBES JOHN AStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
KITSON MICHAEL AStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
MAYES DERRICK BStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
KLYN PAMELA RStock Award(Grant) at price 0.00 per share.D2022-05-12Director1.92k
CLEVELAND TODD MSale at price 66.68 - 68.32 per share.D2022-05-06Officer and Director15k
NEMETH ANDREW LStock Award(Grant) at price 0.00 per share.D2022-01-26Chief Executive Officer54.55k
RODINO JEFFREY MStock Award(Grant) at price 0.00 per share.D2022-01-26President23.18k
RODINO JEFFREY MStock Award(Grant) at price 0.00 per share.D2022-01-26President23.18k
ELLIS KIP B.Stock Award(Grant) at price 0.00 per share.D2022-01-26Chief Operating Officer20k
ROSE JAMES E.Stock Award(Grant) at price 0.00 per share.D2022-01-26Officer1.5k
PETKOVICH JACOB RStock Award(Grant) at price 0.00 per share.D2022-01-26Chief Financial Officer19.09k
PETKOVICH JACOB RStock Award(Grant) at price 0.00 per share.D2022-01-26Chief Financial Officer19.09k
DUTHIE JOEL DStock Award(Grant) at price 0.00 per share.D2022-01-26Officer9.09k
CLEVELAND TODD MStock Gift at price 0.00 per share.D2021-12-27Officer and Director6.5k
CLEVELAND TODD MSale at price 85.63 per share.D2021-12-06Officer and Director10k
ELLIS KIP B.Conversion of Exercise of derivative security at price 41.33 per share.D2021-12-06Chief Operating Officer21k
WELCH M SCOTTStock Gift at price 0.00 per share.I2021-12-03Director177
CLEVELAND TODD MConversion of Exercise of derivative security at price 41.33 per share.D2021-12-02Officer and Director31.5k
PETKOVICH JACOB RConversion of Exercise of derivative security at price 66.66 per share.D2021-12-02Chief Financial Officer10.5k
FORBES JOHN AStock Gift at price 0.00 per share.D2021-11-16Director700
NEMETH ANDREW LStock Gift at price 0.00 per share.D2021-11-15Chief Executive Officer2k
NEMETH ANDREW LConversion of Exercise of derivative security at price 41.33 per share.D2021-11-15Chief Executive Officer42k
KITSON MICHAEL ASale at price 79.53 per share.D2021-11-05Director4.02k
CLEVELAND TODD MSale at price 87.46 per share.D2021-10-01Officer and Director10k
CLEVELAND TODD MSale at price 85.53 - 86.67 per share.D2021-08-30Officer and Director6.3k
CLEVELAND TODD MSale at price 85.21 - 86.45 per share.D2021-08-26Officer and Director21k
MAYES DERRICK BSale at price 87.00 per share.D2021-08-11Director1.2k
NEMETH ANDREW LStock Gift at price 0.00 per share.D2021-08-06Chief Executive Officer1k
CERULLI JOSEPH MStock Gift at price 0.00 per share.D2021-06-08Director125
CLEVELAND TODD MSale at price 87.14 - 87.15 per share.D2021-06-02Officer and Director16.32k
KLYN PAMELA RPurchase at price 86.81 per share.D2021-05-26Director1k
WELCH M SCOTTStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
SUGGS DENIS GStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
CERULLI JOSEPH MStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
FORBES JOHN AStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
KITSON MICHAEL AStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
MAYES DERRICK BStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
KLYN PAMELA RStock Award(Grant) at price 0.00 per share.D2021-05-13Director1.37k
NEMETH ANDREW LSale at price 98.35 per share.D2021-05-10Chief Executive Officer2k
NEMETH ANDREW LSale at price 94.75 - 97.25 per share.D2021-05-07Chief Executive Officer12k
ELLIS KIP B.Conversion of Exercise of derivative security at price 60.03 - 74.63 per share.D2021-05-07Chief Operating Officer11.18k
RODINO JEFFREY MConversion of Exercise of derivative security at price 53.83 - 60.03 per share.D2021-05-06Officer15.41k
NEMETH ANDREW LSale at price 96.30 per share.D2021-04-29Chief Executive Officer5k
CLEVELAND TODD MSale at price 98.65 per share.D2021-04-29Officer and Director675
CLEVELAND TODD MSale at price 95.58 per share.D2021-04-26Officer and Director10k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Patrick Industries Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Patrick Industries Inc

Here is the result of two systematic investment strategies applied to Patrick Industries Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Patrick Industries Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Patrick Industries Inc:

Patrick Industries Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 41.12% on the backtest period.

Performance at glance

Performance

41.12 %

Latent gain

942.47 $

Invested capital

2291.93 $

Annualized return

9.93 %
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Momentum strategy results on Patrick Industries Inc

This is the result of two momentum investment strategies applied to Patrick Industries Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Patrick Industries Inc

The following chart shows all the entries opened by the momentum investment system on Patrick Industries Inc:

Patrick Industries Inc momentum entries
  • The first momentum investment strategy would give 60.79% of return on Patrick Industries Inc. That represents 2690.25$ of latent gain with 4425.43$ of employed capital.
  • The second momentum investment strategy would give 44.9% of return on Patrick Industries Inc. That represents 1202.74$ of latent gain with 2678.54$ of employed capital.
Performance at glance (1Q Momentum)

Performance

60.79 %

Latent gain

2690.25 $

Invested capital

4425.43 $

Annualized return

10.94 %
Performance at glance (2Q Momentum)

Performance

44.9 %

Latent gain

1202.74 $

Invested capital

2678.54 $

Annualized return

12.27 %

Momentum equity curve on Patrick Industries Inc

The following chart shows the equity curve of the two momentum strategies applied to Patrick Industries Inc:

Patrick Industries Inc momentum equity

Note: the dividends potentially given by Patrick Industries Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Patrick Industries Inc

The following chart shows the employed capital evolution of the two momentum strategies on Patrick Industries Inc since the beginning:

Patrick Industries Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Patrick Industries Inc

Buy the dip entry openings on Patrick Industries Inc

Patrick Industries Inc

The performance achieved by the robo-advisor on Patrick Industries Inc is 23.42%. That represents 214.83$ of latent gain with 917.21$ of employed capital. The following chart shows Patrick Industries Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Patrick Industries Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

23.42 %

Latent gain

214.83 $

Invested capital

917.21 $

Annualized return

10.94 %

Equity curve of the strategy applied to Patrick Industries Inc

The following chart shows the result of the investment strategy applied to Patrick Industries Inc:

Patrick Industries Inc

Note: the dividends potentially given by Patrick Industries Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Patrick Industries Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Patrick Industries Inc:

Patrick Industries Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Patrick Industries Inc

In this section, I will compare the three previous investment strategies applied to Patrick Industries Inc.

Equity curve comparison on Patrick Industries Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Patrick Industries Inc investment strategy comparison

Employed capital comparison on Patrick Industries Inc

Patrick Industries Inc investment comparison

Performance comparison on Patrick Industries Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 41.12% 942.47$ 2291.93$ 9.93%
Momentum 1 quarter 60.79% 2690.25$ 4425.43$ 15.59%
Momentum 2 quarters 44.9% 1202.74$ 2678.54$ 12.27%
Non-directional 23.42% 214.83$ 917.21$ 10.94%
Annualized return comparison

Automatic investment

9.93 %

Momentum 1Q

12.27 %

Momentum 2Q

12.27 %

Non-directional

10.94 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Patrick Industries Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between Patrick Industries Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Patrick Industries Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Patrick Industries Inc
Country United States
City Elkhart
Address 107 West Franklin Street
Phone 574 294 7511
Website www.patrickind.com
FullTime employees 12000
Industry Furnishings, Fixtures & Appliances
Sector Consumer Cyclical
Exchange XNAS
Ticker PATK
Market www.nasdaq.com

Patrick Industries Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown