- Builders FirstSource achieved strong and better-than-expected top line and bottom line growth in Q1 2022, which validates the stock's +56% share price gain for the last year.
- But BLDR's valuations are still undemanding on an absolute basis, and it also trades at a discount to its peers based on the forward EV/EBITDA and normalized P/E metrics.
- For the rest of 2022, my forecast is that the share price should rise taking into account the company's new share buyback authorization and its full-year financial outlook.
- Builders FirstSource is a Buy considering both its appealing valuations and its 2022 stock price outlook.
For further details see:
Builders FirstSource Stock: What's The Forecast For The Rest Of 2022?