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GMS

DB:CLG
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLG
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

GMS Inc. distributes wallboards, suspended ceilings systems, and building products in the United States and Canada. The last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
  • GMS has significant price volatility in the past 3 months.
CLG Share Price and Events
7 Day Returns
-1.4%
DB:CLG
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
75.6%
DB:CLG
6.9%
DE Trade Distributors
9%
DE Market
CLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GMS (CLG) -1.4% 11.3% 45.5% 75.6% 19.4% -
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • CLG outperformed the Trade Distributors industry which returned 6.9% over the past year.
  • CLG outperformed the Market in Germany which returned 9% over the past year.
Price Volatility
CLG
Industry
5yr Volatility vs Market

Value

 Is GMS undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GMS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GMS.

DB:CLG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CLG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 21%) (100.86%))
1.475
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.475 * 5.96%)
9.02%

Discounted Cash Flow Calculation for DB:CLG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GMS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CLG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.02%)
2020 153.86 Analyst x5 141.13
2021 173.48 Analyst x5 145.97
2022 186.50 Analyst x2 143.95
2023 186.00 Analyst x1 131.69
2024 195.00 Analyst x1 126.64
2025 199.85 Est @ 2.49% 119.06
2026 203.47 Est @ 1.81% 111.19
2027 206.19 Est @ 1.34% 103.36
2028 208.26 Est @ 1% 95.76
2029 209.86 Est @ 0.77% 88.52
Present value of next 10 years cash flows $1,207.00
DB:CLG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $209.86 × (1 + 0.23%) ÷ (9.02% – 0.23%)
$2,393.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,393.49 ÷ (1 + 9.02%)10
$1,009.54
DB:CLG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,207.00 + $1,009.54
$2,216.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,216.54 / 41.64
$53.23
DB:CLG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CLG represents 0.87982x of NYSE:GMS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87982x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 53.23 x 0.87982
€46.83
Value per share (EUR) From above. €46.83
Current discount Discount to share price of €27.60
= -1 x (€27.60 - €46.83) / €46.83
41.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price GMS is available for.
Intrinsic value
41%
Share price is €27.6 vs Future cash flow value of €46.83
Current Discount Checks
For GMS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GMS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GMS's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GMS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GMS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in USD $1.73
NYSE:GMS Share Price ** NYSE (2019-11-13) in USD $31.37
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GMS.

DB:CLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GMS Share Price ÷ EPS (both in USD)

= 31.37 ÷ 1.73

18.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMS is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • GMS is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does GMS's expected growth come at a high price?
Raw Data
DB:CLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
18.9%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:CLG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.16x ÷ 18.9%

0.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMS is good value based on expected growth next year.
Price based on value of assets
What value do investors place on GMS's assets?
Raw Data
DB:CLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in USD $15.92
NYSE:GMS Share Price * NYSE (2019-11-13) in USD $31.37
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:CLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GMS Share Price ÷ Book Value per Share (both in USD)

= 31.37 ÷ 15.92

1.97x

* Primary Listing of GMS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GMS is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess GMS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. GMS has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GMS expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GMS expected to grow at an attractive rate?
  • GMS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • GMS's earnings growth is expected to exceed the Germany market average.
  • GMS's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CLG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CLG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 18.9%
DB:CLG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.4%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CLG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 3,759 215 181 1
2023-04-30 3,599 206 154 1
2022-04-30 3,472 207 131 1
2021-04-30 3,400 196 106 7
2020-04-30 3,272 178 87 7
2019-11-13
DB:CLG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-07-31 3,185 229 71
2019-04-30 3,116 194 55
2019-01-31 2,972 130 48
2018-10-31 2,833 105 62
2018-07-31 2,647 35 56
2018-04-30 2,511 91 63
2018-01-31 2,491 97 67
2017-10-31 2,468 98 56
2017-07-31 2,412 106 55
2017-04-30 2,319 68 49
2017-01-31 2,231 66 44
2016-10-31 2,089 51 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GMS's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • GMS's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from GMS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CLG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30 3.97 3.97 3.97 1.00
2023-04-30 3.44 3.44 3.44 1.00
2022-04-30 3.00 3.00 3.00 1.00
2021-04-30 2.51 2.64 2.40 3.00
2020-04-30 2.08 2.16 2.02 3.00
2019-11-13
DB:CLG Past Financials Data
Date (Data in USD Millions) EPS *
2019-07-31 1.73
2019-04-30 1.33
2019-01-31 1.18
2018-10-31 1.52
2018-07-31 1.37
2018-04-30 1.54
2018-01-31 1.64
2017-10-31 1.36
2017-07-31 1.34
2017-04-30 1.21
2017-01-31 1.14
2016-10-31 0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GMS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GMS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GMS has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GMS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GMS's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GMS has delivered over 20% year on year earnings growth in the past 5 years.
  • GMS's 1-year earnings growth is less than its 5-year average (25.8% vs 46.2%)
  • GMS's earnings growth has exceeded the DE Trade Distributors industry average in the past year (25.8% vs 8.4%).
Earnings and Revenue History
GMS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GMS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CLG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 3,185.06 70.63 742.87
2019-04-30 3,116.03 54.62 725.84
2019-01-31 2,971.68 48.32 695.50
2018-10-31 2,833.29 62.35 674.81
2018-07-31 2,647.46 56.12 650.28
2018-04-30 2,511.47 62.97 630.51
2018-01-31 2,490.65 67.32 625.19
2017-10-31 2,467.66 55.87 616.39
2017-07-31 2,411.50 55.07 606.09
2017-04-30 2,319.15 48.89 585.08
2017-01-31 2,231.35 43.55 565.72
2016-10-31 2,089.31 33.12 529.44
2016-07-31 1,955.54 18.72 492.44
2016-04-30 1,858.18 12.56 470.04
2016-01-31 1,735.50 7.34 435.52
2015-10-31 1,673.04 -1.99 421.09
2015-07-31 1,628.12 -2.61 407.17
2015-04-30 1,570.09 -11.70 395.04
2014-04-30 1,353.34 -18.95 330.17
2013-04-30 1,161.61 -182.63 295.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GMS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GMS used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • GMS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GMS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GMS has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GMS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GMS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GMS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GMS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GMS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GMS Company Filings, last reported 3 months ago.

DB:CLG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 662.30 1,060.51 24.12
2019-04-30 629.18 1,031.91 47.34
2019-01-31 633.76 1,128.36 74.35
2018-10-31 641.26 1,145.05 52.88
2018-07-31 619.28 1,209.95 36.87
2018-04-30 579.45 595.89 36.44
2018-01-31 568.29 597.48 28.94
2017-10-31 547.68 610.54 19.78
2017-07-31 530.53 602.86 19.74
2017-04-30 514.61 594.92 14.56
2017-01-31 499.28 612.28 10.60
2016-10-31 490.25 644.49 16.39
2016-07-31 472.57 546.73 9.83
2016-04-30 311.16 644.61 19.07
2016-01-31 298.91 626.28 7.38
2015-10-31 299.89 563.13 9.42
2015-07-31 290.76 582.77 13.17
2015-04-30 299.57 556.98 12.28
2014-04-30 299.43 538.79 32.66
2013-04-30
  • GMS's level of debt (160.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (181.5% vs 160.1% today).
  • Debt is well covered by operating cash flow (21.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess GMS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GMS has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GMS's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GMS dividends.
If you bought €2,000 of GMS shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GMS's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GMS's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CLG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CLG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30
2021-04-30
2020-04-30
2019-11-13

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GMS has not reported any payouts.
  • Unable to verify if GMS's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GMS's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GMS has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GMS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GMS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GMS has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GMS's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Turner
AGE 50
TENURE AS CEO 0.3 years
CEO Bio

Mr. John C. Turner, Jr., has been President of GMS Inc. since May 1, 2019 and also serves as its Chief Executive Officer and Director since August 2, 2019. He joined GMS Inc. in 2019. He was the President of Dal-Tile at Mohawk Industries, Inc. since January 2012 until May 1, 2019. Mr. Turner served as Senior Vice President of Daltile SBU and served as its Executive Vice President. He served as President of Dal-Tile International, Inc. He served as Senior Vice President of Dal SBU at Dal-Tile International, Inc. since July 2000. Mr. Turner served as the Chief Operating Officer of Dal-Tile Business Unit at Mohawk Industries Inc., since 2011 until 2012, Senior Vice President of Operations from 2008 to 2011 and Senior Vice President of Sales from 2005 to 2008. Mr. Turner served as Vice President of Distribution and Customer Service of Dal-Tile International Inc., since July 2000. He has been with Dal-Tile International Inc., since June 1990. Until July 2000, Mr. Turner served as Dal SBU General Manager of SSC Operations, HCS General Manager of Operations, HCS National Account Manager, SSC Manager and as an Architectural Representative. From 2005 to 2008, Mr. Turner served as Senior Vice President of Sales for the Store Channel. Prior to 2005, he held a variety of roles in operations, logistics and supply chain and customer service. Mr. Turner holds a Bachelor of Science degree in marketing and finance from the University of Southern California.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the GMS management team in years:

2.6
Average Tenure
52
Average Age
  • The tenure for the GMS management team is about average.
Management Team

Richard Adams

TITLE
Senior Vice President of Operations
COMPENSATION
$1M
AGE
59
TENURE
2.9 yrs

A. Ross

TITLE
Chief Accounting Officer & Corporate Controller
COMPENSATION
$537K
AGE
52
TENURE
3.2 yrs

Craig Apolinsky

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$1M
AGE
52
TENURE
4.3 yrs

John Turner

TITLE
President
AGE
50
TENURE
0.3 yrs

Scott Deakin

TITLE
VP & CFO
AGE
53
TENURE
0.1 yrs

Eric Sundby

TITLE
Chief Information Officer & VP
TENURE
2.6 yrs

Leslie Kratcoski

TITLE
Vice President of Investor Relations
TENURE
0.9 yrs

Michelle Leader

TITLE
Marketing Director

G. Hendren

TITLE
Vice President of Corporate Development / M&A

Don Taylor

TITLE
Vice President of Operations - Western Region
Board of Directors Tenure

Average tenure and age of the GMS board of directors in years:

5.8
Average Tenure
59
Average Age
  • The tenure for the GMS board of directors is about average.
Board of Directors

Richard Mueller

TITLE
Chairman of the Board
COMPENSATION
$355K
AGE
77
TENURE
4.5 yrs

John Turner

TITLE
President
AGE
50
TENURE
0.3 yrs

J. Sharpe

TITLE
Director
AGE
45
TENURE
5.8 yrs

Peter Browning

TITLE
Independent Director
COMPENSATION
$200K
AGE
78
TENURE
5.8 yrs

Jack Gavin

TITLE
Lead Independent Director
COMPENSATION
$227K
AGE
63

J. Smith

TITLE
Independent Director
COMPENSATION
$215K
AGE
70
TENURE
5.8 yrs

Tig Gilliam

TITLE
Independent Director
COMPENSATION
$193K
AGE
55
TENURE
5.8 yrs

Ronald Ross

TITLE
Independent Director
COMPENSATION
$195K
AGE
66
TENURE
5.8 yrs

Teri McClure

TITLE
Independent Director
COMPENSATION
$105K
AGE
55
TENURE
0.6 yrs

Brian Hoesterey

TITLE
Director
AGE
51
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • GMS individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Oct 19 Sell Ronald Ross Individual 08. Oct 19 08. Oct 19 -4,101 €25.37 €-104,047
10. Sep 19 Sell AEA Investors LP Company 09. Sep 19 09. Sep 19 -6,825,058 €24.35 €-166,209,266
08. Jul 19 Sell G. Callahan Individual 03. Jul 19 03. Jul 19 -28,950 €20.05 €-580,318
17. Dec 18 Buy John Gavin Individual 14. Dec 18 14. Dec 18 6,160 €14.35 €88,419
17. Dec 18 Buy Ronald Ross Individual 13. Dec 18 14. Dec 18 100,000 €14.18 €1,386,111
13. Dec 18 Buy Ronald Ross Individual 11. Dec 18 12. Dec 18 100,000 €13.89 €1,375,566
13. Dec 18 Buy J. Smith Individual 11. Dec 18 11. Dec 18 6,000 €14.06 €84,348
X
Management checks
We assess GMS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GMS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

GMS Inc. distributes wallboards, suspended ceilings systems, and building products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings. It also provides steel framing products, such as steel tracks, studs, and various other steel products used to frame the interior walls of a commercial or institutional building; and insulation, ready-mix joint compound, and various other interior construction products, as well as ancillary products comprising tools and safety products. In addition, the company distributes wallboards, drywall, lumber, ceiling tiles, commercial, and residential building materials. As of April 30, 2019, it operated 254 branches across 43 states and the District of Columbia, as well as 5 provinces in Canada. The company also operates a network of approximately 250 distribution centers. The company was formerly known as GYP Holdings I Corp. and changed its name to GMS Inc. in July 2015. GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia.

Details
Name: GMS Inc.
CLG
Exchange: DB
Founded: 1971
$1,162,880,145
41,639,363
Website: http://www.gms.com
Address: GMS Inc.
100 Crescent Centre Parkway,
Suite 800,
Tucker,
Georgia, 30084,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GMS Common Stock New York Stock Exchange US USD 26. May 2016
DB CLG Common Stock Deutsche Boerse AG DE EUR 26. May 2016
Number of employees
Current staff
Staff numbers
5,858
GMS employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 22:16
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/04
Last earnings filing: 2019/08/29
Last earnings reported: 2019/07/31
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.