(TREX) Trex - Overview
Sector: Industrials | Industry: Building Products & Equipment | Exchange: NYSE (USA) | Market Cap: 3.974m USD | Total Return: -31.5% in 12m
Avg Turnover: 80.3M
EPS Trend: 22.3%
Qual. Beats: 2
Rev. Trend: 47.8%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Trex Company, Inc. is a leading manufacturer of wood-alternative composite decking, railing, and outdoor living products. Headquartered in Winchester, Virginia, the company utilizes a circular business model by converting recycled plastic film and reclaimed wood fiber into durable outdoor building materials. Its product portfolio includes high-performance decking lines such as Trex Transcend and Trex Enhance, complemented by specialized lighting, fencing, and drainage systems.
The company operates within the broader building products sector, where demand is heavily influenced by residential repair and remodeling cycles. Trex distributes its products through a multi-channel network consisting of wholesale distributors, independent retail lumber dealers, and major home improvement retailers like Home Depot and Lowes. Beyond core manufacturing, the company generates revenue through licensing agreements for peripheral products, including outdoor furniture and cabinetry.
To better understand the companys valuation and market position, consider reviewing the historical performance data available on ValueRay. This combination of proprietary manufacturing and extensive retail distribution allows Trex to maintain a significant market share in the composite decking industry.
- High mortgage rates and inflation dampen residential deck replacement and remodeling demand
- Market share gains from traditional wood decking drive long-term composite volume growth
- Raw material cost fluctuations for recycled plastic and wood fiber impact margins
- Distribution through Home Depot and Lowes creates high sensitivity to big-box retail traffic
- New product launches in entry-level composite segments expand the addressable consumer market
| Net Income: 191.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 20.85 > 1.0 |
| NWC/Revenue: 1.16% < 20% (prev -0.84%; Δ 2.00% < -1%) |
| CFO/TA 0.23 > 3% & CFO 393.7m > Net Income 191.4m |
| Net Debt (483.4m) to EBITDA (326.9m): 1.48 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (105.1m) vs 12m ago -2.01% < -2% |
| Gross Margin: 39.17% > 18% (prev 0.41%; Δ 3.88k% > 0.5%) |
| Asset Turnover: 69.87% > 50% (prev 68.11%; Δ 1.76% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.01 (Total Current Assets 580.0m - Total Current Liabilities 566.4m) / Total Assets 1.73b |
| B: 1.07 (Retained Earnings 1.85b / Total Assets 1.73b) |
| C: 0.15 (EBIT TTM 259.8m / Avg Total Assets 1.69b) |
| D: 2.52 (Book Value of Equity 1.85b / Total Liabilities 734.1m) |
| Altman-Z'' = 7.23 = AAA |
| DSRI: 0.79 (Receivables 326.9m/391.1m, Revenue 1.18b/1.12b) |
| GMI: 1.04 (GM 39.17% / 40.60%) |
| AQI: 1.30 (AQ_t 0.03 / AQ_t-1 0.02) |
| SGI: 1.05 (Revenue 1.18b / 1.12b) |
| TATA: -0.12 (NI 191.4m - CFO 393.7m) / TA 1.73b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 38.87 with a total of 1,381,294 shares traded.
Over the past week, the price has changed by +4.65%,
over one month by -6.47%,
over three months by -2.73% and
over the past year by -31.48%.
Trex has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold TREX.
- StrongBuy: 6
- Buy: 1
- Hold: 10
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 48.2 | 24% |
P/E Forward = 20.8333
P/S = 3.3745
P/B = 3.7813
P/EG = 0.9989
Revenue TTM = 1.18b USD
EBIT TTM = 259.8m USD
EBITDA TTM = 326.9m USD
Long Term Debt = 40.1m USD (estimated: total debt 435.2m - short term 395.1m)
Short Term Debt = 395.1m USD (from shortTermDebt, last quarter)
Debt = 487.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 52.7m
Net Debt = 483.4m USD (calculated: Debt 487.9m - CCE 4.49m)
Enterprise Value = 4.46b USD (3.97b + Debt 487.9m - CCE 4.49m)
Interest Coverage Ratio = unknown (Ebit TTM 259.8m / Interest Expense TTM 0.0)
EV/FCF = 18.62x (Enterprise Value 4.46b / FCF TTM 239.4m)
FCF Yield = 5.37% (FCF TTM 239.4m / Enterprise Value 4.46b)
FCF Margin = 20.33% (FCF TTM 239.4m / Revenue TTM 1.18b)
Net Margin = 16.25% (Net Income TTM 191.4m / Revenue TTM 1.18b)
Gross Margin = 39.17% ((Revenue TTM 1.18b - Cost of Revenue TTM 716.4m) / Revenue TTM)
Gross Margin QoQ = 40.48% (prev 30.20%)
Tobins Q-Ratio = 2.58 (Enterprise Value 4.46b / Total Assets 1.73b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 487.9m)
Taxrate = 26.47% (22.1m / 83.5m)
NOPAT = 191.0m (EBIT 259.8m * (1 - 26.47%))
Current Ratio = 1.02 (Total Current Assets 580.0m / Total Current Liabilities 566.4m)
Debt / Equity = 0.49 (Debt 487.9m / totalStockholderEquity, last quarter 995.8m)
Debt / EBITDA = 1.48 (Net Debt 483.4m / EBITDA 326.9m)
Debt / FCF = 2.02 (Net Debt 483.4m / FCF TTM 239.4m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.35% (Net Income 191.4m / Total Assets 1.73b)
RoE = 18.85% (Net Income TTM 191.4m / Total Stockholder Equity 1.02b)
RoCE = 24.61% (EBIT 259.8m / Capital Employed (Equity 1.02b + L.T.Debt 40.1m))
RoIC = 12.29% (NOPAT 191.0m / Invested Capital 1.55b)
WACC = 11.70% (E(3.97b)/V(4.46b) * Re(13.14%) + D(487.9m)/V(4.46b) * Rd(0.0%) * (1-Tc(0.26)))
Discount Rate = 13.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -1.49%
[DCF] Terminal Value 64.64% ; FCFF base≈239.4m ; Y1≈240.4m ; Y5≈254.7m
[DCF] Fair Price = 19.63 (EV 2.52b - Net Debt 483.4m = Equity 2.04b / Shares 103.9m; r=11.70% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 22.35 | EPS CAGR: 3.94% | SUE: 1.15 | # QB: 2
Revenue Correlation: 47.84 | Revenue CAGR: 3.52% | SUE: 0.30 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.62 | Chg30d=-2.25% | Revisions=-22% | Analysts=19
EPS next Quarter (2026-09-30): EPS=0.42 | Chg30d=-3.60% | Revisions=-58% | Analysts=19
EPS current Year (2026-12-31): EPS=1.68 | Chg30d=+2.37% | Revisions=+62% | GrowthEPS=-10.8% | GrowthRev=+3.3%
EPS next Year (2027-12-31): EPS=1.85 | Chg30d=+1.61% | Revisions=+40% | GrowthEPS=+10.5% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: +62%