JBI - Janus International: Top Building Products Stock (SA Quant)

2024-01-25 13:00:00 ET

Summary

• Surging mortgage rates have aided margin expansion, revenue growth, and demand for self-storage and commercial and industrial solutions.
• Janus reported record-high results in Q3, beating EPS estimates for the seventh time in eight quarters; revenue is up nearly 7% YoY, and adjusted EBITDA is +20%.
• Offering a storage technology product with the potential to penetrate a $5.5B market, Janus, a top Quant-rated stock, trades at a PEG GAAP (FWD) of 0.32x, 44% below the sector median.

Mortgage Rates Benefit Some Stocks

Janus International Group, Inc. (JBI), a turn-key self-storage and industrial building solutions provider, has experienced high growth amid favorable demand trends. JBI is capitalizing on the structural demand drivers arising from life changes that industry experts call the "4 Ds:"...

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