- Builders FirstSource reported strong FY Q4-21 earnings that suggest momentous growth over the next five years.
- Builders FirstSource has steadily improved margins, showing the company's tremendous pricing power given the current inflationary backdrop.
- Tailwinds persist in the housing industry, with reports suggesting Americans are 5,000,000 units under-housed.
- After modeling management's ~10% 5-year revenue CAGR through FY 2026, I derive a fair share price of $102.77 (representing a 46% upside opportunity).
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Builders FirstSource: Management Guidance Suggests 46% Upside