- Shares of construction supply distributor GMS Inc. (GMS) are off 25% from their January 2022 high as a softening of steel prices combined with higher fuel and labor costs impact.
- Furthermore, mortgage rates above 5% may signal a cooling off of the red-hot residential real estate market, which would impact 45% of the company’s topline.
- With a forward PE of under 7, an EV/TTM Adj. EBITDA of 6, a solid balance sheet, and recent beneficial owner buying, GMS merited a deeper dive.
- A full investment analysis follows in the paragraphs below.
For further details see:
Taking A Gander At GMS Inc.