(IBP) Installed Building Products - Overview
Sector: Consumer Cyclical | Industry: Residential Construction | Exchange: NYSE (USA) | Market Cap: 5.854m USD | Total Return: 31.1% in 12m
Industry Rotation: -12.8
Avg Turnover: 105M
EPS Trend: 4.2%
Qual. Beats: 0
Rev. Trend: 43.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Installed Building Products, Inc. (NYSE: IBP) is a leading installer of insulation and complementary building products for the residential and commercial construction markets in the United States. The company operates through three integrated segments: Installation, Distribution, and Manufacturing. Its service portfolio encompasses insulation materials, waterproofing, fire-stopping systems, garage doors, rain gutters, and various interior finishing products such as mirrors and closet shelving.
The company utilizes a decentralized business model, managing a national network of over 210 branch locations to serve local builders while leveraging corporate-level purchasing power. This scale is significant in the fragmented building services sector, where localized labor management and supply chain efficiency are primary drivers of profitability. Beyond new construction, IBP targets the repair and remodel markets to diversify its revenue streams against cyclical housing fluctuations.
Investors looking for deeper financial metrics and valuation models should explore the data available on ValueRay. Founded in 1977 and headquartered in Columbus, Ohio, IBP has expanded its market share through a consistent strategy of acquiring local installation businesses to broaden its geographic footprint and product offerings.
- New residential housing starts drive core installation and distribution revenue volume
- Strategic acquisitions of regional installers accelerate market share and geographic expansion
- Fluctuations in fiberglass and spray foam input costs impact gross profit margins
- Interest rate volatility affects mortgage affordability and residential construction project demand
- Growth in commercial and multifamily segments diversifies revenue beyond single-family housing
| Net Income: 254.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -10.19 > 1.0 |
| NWC/Revenue: 27.84% < 20% (prev 22.16%; Δ 5.68% < -1%) |
| CFO/TA 0.03 > 3% & CFO 75.1m > Net Income 254.8m |
| Net Debt (706.3m) to EBITDA (697.1m): 1.01 < 3 |
| Current Ratio: 3.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.0m) vs 12m ago -2.64% < -2% |
| Gross Margin: 33.51% > 18% (prev 0.34%; Δ 3.32k% > 0.5%) |
| Asset Turnover: 139.3% > 50% (prev 146.7%; Δ -7.37% > 0%) |
| Interest Coverage Ratio: 11.21 > 6 (EBITDA TTM 697.1m / Interest Expense TTM 33.7m) |
| A: 0.37 (Total Current Assets 1.17b - Total Current Liabilities 349.8m) / Total Assets 2.23b |
| B: 0.46 (Retained Earnings 1.02b / Total Assets 2.23b) |
| C: 0.18 (EBIT TTM 377.7m / Avg Total Assets 2.11b) |
| D: 0.67 (Book Value of Equity 1.04b / Total Liabilities 1.56b) |
| Altman-Z'' Score: 5.80 = AAA |
| DSRI: 1.01 (Receivables 426.4m/419.4m, Revenue 2.95b/2.93b) |
| GMI: 1.00 (GM 33.51% / 33.54%) |
| AQI: 0.94 (AQ_t 0.35 / AQ_t-1 0.37) |
| SGI: 1.00 (Revenue 2.95b / 2.93b) |
| TATA: 0.08 (NI 254.8m - CFO 75.1m) / TA 2.23b) |
| Beneish M-Score: -2.96 (Cap -4..+1) = A |
Over the past week, the price has changed by -4.91%, over one month by -29.72%, over three months by -37.31% and over the past year by +31.12%.
- StrongBuy: 3
- Buy: 1
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 249.2 | 19.1% |
P/E Forward = 20.79
P/S = 1.9869
P/B = 8.8789
P/EG = 1.2
Revenue TTM = 2.95b USD
EBIT TTM = 377.7m USD
EBITDA TTM = 697.1m USD
Long Term Debt = 850.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 77.3m USD (from shortTermDebt, last quarter)
Debt = 1.18b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 706.3m USD (from netDebt column, last quarter)
Enterprise Value = 6.56b USD (5.85b + Debt 1.18b - CCE 474.3m)
Interest Coverage Ratio = 11.21 (Ebit TTM 377.7m / Interest Expense TTM 33.7m)
EV/FCF = 104.0x (Enterprise Value 6.56b / FCF TTM 63.1m)
FCF Yield = 0.96% (FCF TTM 63.1m / Enterprise Value 6.56b)
FCF Margin = 2.14% (FCF TTM 63.1m / Revenue TTM 2.95b)
Net Margin = 8.65% (Net Income TTM 254.8m / Revenue TTM 2.95b)
Gross Margin = 33.51% ((Revenue TTM 2.95b - Cost of Revenue TTM 1.96b) / Revenue TTM)
Gross Margin QoQ = 30.55% (prev 34.98%)
Tobins Q-Ratio = 2.94 (Enterprise Value 6.56b / Total Assets 2.23b)
Interest Expense / Debt = 0.87% (Interest Expense 10.3m / Debt 1.18b)
Taxrate = 26.11% (12.3m / 47.1m)
NOPAT = 279.1m (EBIT 377.7m * (1 - 26.11%))
Current Ratio = 3.35 (Total Current Assets 1.17b / Total Current Liabilities 349.8m)
Debt / Equity = 1.77 (Debt 1.18b / totalStockholderEquity, last quarter 667.5m)
Debt / EBITDA = 1.01 (Net Debt 706.3m / EBITDA 697.1m)
Debt / FCF = 11.19 (Net Debt 706.3m / FCF TTM 63.1m)
Total Stockholder Equity = 680.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.05% (Net Income 254.8m / Total Assets 2.23b)
RoE = 37.46% (Net Income TTM 254.8m / Total Stockholder Equity 680.1m)
RoCE = 24.68% (EBIT 377.7m / Capital Employed (Equity 680.1m + L.T.Debt 850.0m))
RoIC = 17.83% (NOPAT 279.1m / Invested Capital 1.57b)
WACC = 9.53% (E(5.85b)/V(7.04b) * Re(11.32%) + D(1.18b)/V(7.04b) * Rd(0.87%) * (1-Tc(0.26)))
Discount Rate = 11.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -2.21%
[DCF] Terminal Value 72.82% ; FCFF base≈142.0m ; Y1≈140.2m ; Y5≈145.1m
[DCF] Fair Price = 47.79 (EV 1.99b - Net Debt 706.3m = Equity 1.29b / Shares 26.9m; r=9.53% [WACC]; 5y FCF grow -2.08% → 3.0% )
EPS Correlation: 4.18 | EPS CAGR: -8.33% | SUE: -0.62 | # QB: 0
Revenue Correlation: 43.05 | Revenue CAGR: -0.65% | SUE: -0.42 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.58 | Chg30d=-9.17% | Revisions=-40% | Analysts=12
EPS next Quarter (2026-09-30): EPS=2.91 | Chg30d=-8.34% | Revisions=-64% | Analysts=12
EPS current Year (2026-12-31): EPS=10.17 | Chg30d=-9.43% | Revisions=-60% | GrowthEPS=-11.1% | GrowthRev=-0.6%
EPS next Year (2027-12-31): EPS=11.47 | Chg30d=-5.74% | Revisions=-60% | GrowthEPS=+12.8% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: -64%