Patrick Competitors

PATK Stock  USD 105.49  1.07  1.02%   
Patrick Industries competes with SharkNinja, Viomi Technology, Energy Focu, Flexsteel Industries, and Ethan Allen; as well as few others. The company conducts business under Building Products sector and is part of Industrials industry. Analyzing Patrick Industries competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Patrick Industries to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Patrick Industries Correlation with its peers.
For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Patrick Industries competition on your existing holdings.
  
At this time, Patrick Industries' Return On Tangible Assets are quite stable compared to the past year. Return On Assets is expected to rise to 0.06 this year, although the value of Return On Capital Employed will most likely fall to 0.07. At this time, Patrick Industries' Intangible Assets are quite stable compared to the past year. Other Assets is expected to rise to about 10.7 M this year, although the value of Asset Turnover will most likely fall to 1.23.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patrick Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
103.77105.59107.41
Details
Intrinsic
Valuation
LowRealHigh
98.90100.72116.04
Details
8 Analysts
Consensus
LowTargetHigh
84.6393.00103.23
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.251.321.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Patrick Industries. Your research has to be compared to or analyzed against Patrick Industries' peers to derive any actionable benefits. When done correctly, Patrick Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Patrick Industries.

Patrick Industries Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Patrick Industries and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Patrick and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Patrick Industries does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
FLXSSN
HBBSN
LEGVIOT
MBCSN
MBCETD
MBCFLXS
  
High negative correlations   
VIOTSN
LEGFLXS
LEGSN
MBCVIOT
FLXSVIOT
HBBVIOT

Risk-Adjusted Indicators

There is a big difference between Patrick Stock performing well and Patrick Industries Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Patrick Industries' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SN  1.29  0.29  0.18  0.32  1.35 
 2.86 
 6.63 
VIOT  3.28 (0.52) 0.00 (1.03) 0.00 
 6.10 
 31.81 
EFOI  5.23  0.46  0.06 (0.98) 5.35 
 9.09 
 86.10 
FLXS  1.91  0.50  0.21  1.60  1.76 
 5.53 
 11.97 
ETD  1.61 (0.17)(0.03) 0.00  2.92 
 2.95 
 19.39 
FGI  3.20 (0.56) 0.00 (0.32) 0.00 
 6.62 
 29.77 
HBB  2.70  0.21  0.06  0.28  3.28 
 6.27 
 20.75 
LEG  1.48 (0.44) 0.00 (0.26) 0.00 
 2.78 
 14.92 
LZB  1.47 (0.23) 0.00 (0.04) 0.00 
 2.38 
 8.04 
MBC  1.57  0.13  0.11  0.15  1.67 
 3.57 
 11.30 

Cross Equities Net Income Analysis

Compare Patrick Industries and related stocks such as SharkNinja, Viomi Technology ADR, and Energy Focu Net Income Over Time
Select Fundamental
Price To Sales RatioDividend Yield
Ptb RatioDays Sales Outstanding
Book Value Per ShareFree Cash Flow Yield
Invested CapitalOperating Cash Flow Per Share
Average PayablesStock Based Compensation To Revenue
Capex To DepreciationPb Ratio
Ev To SalesFree Cash Flow Per Share
RoicInventory Turnover
Net Income Per ShareDays Of Inventory On Hand
Payables TurnoverSales General And Administrative To Revenue
Average InventoryResearch And Ddevelopement To Revenue
Capex To RevenueCash Per Share
PocfratioInterest Coverage
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Pfcf RatioDays Payables Outstanding
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RoeTangible Asset Value
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Earnings YieldIntangibles To Total Assets
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Tangible Book Value Per ShareReceivables Turnover
Graham NumberShareholders Equity Per Share
Debt To EquityCapex Per Share
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Debt To AssetsEnterprise Value Over E B I T D A
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Price Earnings To Growth RatioDays Of Payables Outstanding
Dividend Payout RatioPrice To Operating Cash Flows Ratio
Price To Free Cash Flows RatioPretax Profit Margin
Ebt Per EbitOperating Profit Margin
Effective Tax RateCompany Equity Multiplier
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Return On Capital EmployedDebt Equity Ratio
Ebit Per RevenueQuick Ratio
Dividend Paid And Capex Coverage RatioNet Income Per E B T
Cash RatioCash Conversion Cycle
Operating Cash Flow Sales RatioDays Of Inventory Outstanding
Days Of Sales OutstandingFree Cash Flow Operating Cash Flow Ratio
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Fixed Asset TurnoverCapital Expenditure Coverage Ratio
Price Cash Flow RatioEnterprise Value Multiple
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Price Sales RatioReturn On Assets
Asset TurnoverNet Profit Margin
Gross Profit MarginPrice Fair Value
Return On Equity
201020112012201320142015201620172018201920202021202220232024
SN45 KM(16.3 M)26.9 M(33.9 M)(1.1 B)(173.7 M)58.3 M85.2 M327.2 M327.2 M331.1 M177.6 M167.1 M175.4 M
VIOT16.3 M16.3 M16.3 M16.3 M16.3 M16.3 M16.3 M93.2 M65.4 M292.2 M173.3 M88.6 M(282.6 M)(84.7 M)(80.4 M)
EFOI1.1 M(6.1 M)(5.7 M)(2.4 M)(5.8 M)8.8 M(16.9 M)(11.3 M)(9.1 M)(7.4 M)(6 M)(7.9 M)(10.3 M)(4.3 M)(4.5 M)
FLXS5.3 M13.1 M13.2 M15 M22.3 M24.2 M23.8 M17.7 M(32.6 M)(26.8 M)23 M1.9 M14.8 M17 M17.8 M
ETD(17.4 M)29.2 M49.7 M32.5 M42.9 M37.1 M56.6 M36.2 M36.4 M25.7 M8.9 M60 M103.3 M105.8 M111.1 M
FGI1.6 M1.6 M1.6 M1.6 M1.6 M1.6 M1.6 M1.6 M1.6 M1.6 M4.7 M7.9 M3.7 M733.6 K696.9 K
HBB19.7 M19.7 M19.7 M19.7 M19.7 M19.7 M26.2 M17.9 M21.8 M25.1 M24.1 M21.3 M25.3 M25.2 M25.2 M
LEG24 M153.3 M248.2 M197.3 M98 M325.1 M385.8 M292.6 M305.9 M333.8 M253 M402.4 M309.8 M(136.8 M)(130 M)
LZB23 M88 M46.4 M55.1 M70.8 M79.3 M85.9 M80.9 M68.6 M77.5 M106.5 M150 M150.7 M173.3 M181.9 M
MBC100.7 M100.7 M100.7 M100.7 M100.7 M100.7 M100.7 M100.7 M100.7 M100.7 M145.7 M182.6 M155.4 M182 M168.6 M

Patrick Industries and related stocks such as SharkNinja, Viomi Technology ADR, and Energy Focu Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Patrick Industries financial statement analysis. It represents the amount of money remaining after all of Patrick Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Patrick Industries Competitive Analysis

The better you understand Patrick Industries competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Patrick Industries' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Patrick Industries' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
PATK SN VIOT EFOI FLXS ETD FGI HBB LEG LZB
 1.02 
 105.49 
Patrick
 1.67 
 63.84 
SharkNinja
 5.17 
 0.61 
Viomi
 0.66 
 1.50 
Energy
 2.64 
 37.61 
Flexsteel
 0.89 
 28.80 
Ethan
 7.62 
 1.13 
FGI
 1.56 
 21.54 
Hamilton
 0.17 
 17.99 
Leggett
 0.12 
 33.11 
LZB
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Trade Advice
(90 Days Macroaxis Advice)
Current Ratio
Net Asset
Profit Margin
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Operating Margin
Current Valuation
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Beta
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Earnings Per Share
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Day Typical Price
Accumulation Distribution
Market Facilitation Index
Daily Balance Of Power
Period Momentum Indicator
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Day Median Price
Price Action Indicator
Relative Strength Index
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Patrick Industries Competition Performance Charts

Five steps to successful analysis of Patrick Industries Competition

Patrick Industries' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Patrick Industries in relation to its competition. Patrick Industries' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Patrick Industries in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Patrick Industries' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Patrick Industries, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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When determining whether Patrick Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Patrick Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Patrick Industries Stock. Highlighted below are key reports to facilitate an investment decision about Patrick Industries Stock:
Check out Patrick Industries Correlation with its peers.
For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Patrick Industries' price analysis, check to measure Patrick Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.
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Is Patrick Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
1.9
Earnings Share
6.5
Revenue Per Share
161.162
Quarterly Revenue Growth
(0.18)
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.