- BLDR experienced robust top-line growth of over 130% in FY21 due to secular and non-secular tailwinds that are expected to persist in FY22.
- BLDR will continue to benefit from the significant housing shortage in the U.S.
- Valued-added M&A has led to increased market share, driven by increased capacity to meet demand and additional cross-selling opportunities.
- Despite economic uncertainty, key economic indicators for homebuilding remain strong.
- Assuming a 5% CAGR for BLDR's top-line for FY22 through FY25, my DCF model arrived at an intrinsic value of $97.45 (52.33% upside).
For further details see:
Builders FirstSource: Strong Tailwinds For Significant Upside