FND

Floor & Decor Holdings Inc - Ordinary Shares - Class A

Consumer


Presented:01/13/2022
Price:$111.63
Cap:$11.79B
Current Price:$113.15
Cap:$12.13B

Presented

Date01/13/2022
Price$111.63
Market Cap$11.79B
Ent Value$14.06B
P/E Ratio41.19x
Book Value$11.98
Div Yield0%
Shares O/S105.59M
Ave Daily Vol623,215
Short Int2.77%

Current

Price$113.15
Market Cap$12.13B
Floor & Decor Holdings, Inc. engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.

Publicly traded companies mentioned herein: Floor & Decor Holdings Inc (FND)

Highlights

The presenter is short shares of Floor & Decor Holdings Inc (FND), the largest retailer of flooring in the US with an 11% share of the $23B market. FND’s success stems from its 153 big box stores that have a wide selection of in-stock inventory at compelling prices for DIY and professional renovation projects. Although he doesn’t foresee a specific catalyst, he expects downside to consensus numbers based on a weaker demand backdrop in 2022 and gross margin degradation. The stock currently trades at 39x the Street’s $2.86 EPS estimate for 2022, but the presenter models $2 in his base case, and a 40x multiple on that figure would imply 30% downside to $80 per share. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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