FERG LN

Ferguson Plc.

Consumer, Industrial/Transportation


Presented:09/23/2020
Price:£75.10
Cap:$25.77B
Current Price:£154.30
Cap:$47.87B

Presented

Date09/23/2020
Price£75.10
Market Cap$25.77B
Ent Value$27.72B
P/E Ratio22.15x
Book Value£13.79
Div Yield1.5%
Shares O/S223.35M
Ave Daily Vol309,719
Short IntN/A

Current

Price£154.30
Market Cap$47.87B
Ferguson Plc engages in the supply of plumbing and heating products to professional contractors & consumers; repair, maintenance and improvement and new construction markets through its subsidiaries. The company was founded in 1887 and is headquartered in Wokingham, the United Kingdom.

Publicly traded companies mentioned herein: Ferguson plc (FERG LN), Fortune Brands Home & Security Inc (FBHS), Home Depot Inc (HD), Lowe’s Companies Inc (LOW), Masco Corp (MAS), Pool Corporation (POOL), Watsco Inc (WSO)

Highlights

The presenter is long shares of Ferguson PLC (FERG LN), the U.K. listed distributor of plumbing, HVAC, water heaters, and a handful of other categories. Although listed in the U.K., 100% of FERG’s business is in the U.S. and Canada, with the exception of a small U.K. stub they plan on spinning. FERG is currently in the process of dual listing in the U.K. and the U.S., before eventually transitioning to only being listed in the U.S. This listing should make FERG instantly relevant among U.S. large cap investors, and while this catalyst is a few months away, he’s confident in the company’s fundamentals over the next 6 - 12 months. 

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Idea Discussion

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