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Installed Building Products

DB:2IL
Snowflake Description

Proven track record with moderate growth potential.

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

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. The last earnings update was 13 days ago. More info.


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  • Installed Building Products has significant price volatility in the past 3 months.
2IL Share Price and Events
7 Day Returns
4.1%
DB:2IL
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
111.2%
DB:2IL
2.9%
DE Consumer Durables
8.8%
DE Market
2IL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Installed Building Products (2IL) 4.1% 14.4% 26.6% 111.2% 66.2% 387%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • 2IL outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • 2IL outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
2IL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Installed Building Products 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 Installed Building Products 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 Installed Building Products.

DB:2IL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:2IL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 21%) (28.94%))
1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1 * 5.96%)
6.19%

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

The calculations below outline how an intrinsic value for Installed Building Products 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:2IL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.19%)
2020 85.52 Analyst x4 80.53
2021 98.87 Analyst x3 87.68
2022 99.90 Analyst x1 83.43
2023 100.64 Est @ 0.74% 79.14
2024 101.23 Est @ 0.59% 74.96
2025 101.71 Est @ 0.48% 70.93
2026 102.12 Est @ 0.4% 67.07
2027 102.48 Est @ 0.35% 63.38
2028 102.80 Est @ 0.31% 59.87
2029 103.10 Est @ 0.29% 56.54
Present value of next 10 years cash flows $723.00
DB:2IL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $103.10 × (1 + 0.23%) ÷ (6.19% – 0.23%)
$1,732.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,732.89 ÷ (1 + 6.19%)10
$950.38
DB:2IL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $723.00 + $950.38
$1,673.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,673.38 / 29.86
$56.04
DB:2IL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2IL represents 0.89336x of NYSE:IBP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89336x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 56.04 x 0.89336
€50.06
Value per share (EUR) From above. €50.06
Current discount Discount to share price of €63.50
= -1 x (€63.50 - €50.06) / €50.06
-26.8%

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

  • The current share price of Installed Building Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Installed Building Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Installed Building Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2IL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $2.19
NYSE:IBP Share Price ** NYSE (2019-11-14) in USD $71.08
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of Installed Building Products.

DB:2IL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 71.08 ÷ 2.19

32.46x

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

  • Installed Building Products is overvalued based on earnings compared to the DE Consumer Durables industry average.
  • Installed Building Products is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Installed Building Products's expected growth come at a high price?
Raw Data
DB:2IL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
11.5%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:2IL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.46x ÷ 11.5%

2.83x

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

  • Installed Building Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Installed Building Products's assets?
Raw Data
DB:2IL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $7.62
NYSE:IBP Share Price * NYSE (2019-11-14) in USD $71.08
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:2IL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 71.08 ÷ 7.62

9.33x

* Primary Listing of Installed Building Products.

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

  • Installed Building Products is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Installed Building Products'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Installed Building Products has a total score of 0/6, 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 Installed Building Products expected to perform in the next 1 to 3 years based on estimates from 8 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
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Installed Building Products expected to grow at an attractive rate?
  • Installed Building Products's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Installed Building Products's earnings growth is positive but not above the Germany market average.
  • Installed Building Products's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2IL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2IL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 11.5%
DB:2IL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 8%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
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:2IL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2IL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,988 198 90 1
2021-12-31 1,730 162 100 4
2020-12-31 1,627 141 90 8
2019-12-31 1,505 124 75 8
2019-11-14
DB:2IL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,464 134 65
2019-06-30 1,416 116 60
2019-03-31 1,377 106 57
2018-12-31 1,336 97 55
2018-09-30 1,283 84 49
2018-06-30 1,229 73 46
2018-03-31 1,179 59 41
2017-12-31 1,133 69 41
2017-09-30 1,067 72 41
2017-06-30 997 66 41
2017-03-31 927 69 39
2016-12-31 863 73 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Installed Building Products's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Installed Building Products's revenue is expected to grow by 8% 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:2IL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Installed Building Products Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2IL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.00 3.00 3.00 1.00
2021-12-31 3.36 3.99 2.80 3.00
2020-12-31 3.01 3.65 2.77 5.00
2019-12-31 2.51 3.25 2.27 5.00
2019-11-14
DB:2IL Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 2.19
2019-06-30 1.98
2019-03-31 1.87
2018-12-31 1.76
2018-09-30 1.56
2018-06-30 1.44
2018-03-31 1.30
2017-12-31 1.30
2017-09-30 1.31
2017-06-30 1.30
2017-03-31 1.24
2016-12-31 1.23

*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.
  • Installed Building Products is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Installed Building Products'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 Germany 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.
Installed Building Products has a total score of 3/6, 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 Installed Building Products 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 Installed Building Products's growth in the last year to its industry (Consumer Durables).
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.
  • Installed Building Products has delivered over 20% year on year earnings growth in the past 5 years.
  • Installed Building Products's 1-year earnings growth exceeds its 5-year average (33.4% vs 31.9%)
  • Installed Building Products's earnings growth has exceeded the DE Consumer Durables industry average in the past year (33.4% vs -21.1%).
Earnings and Revenue History
Installed Building Products'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 Installed Building Products Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2IL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,463.52 65.44 273.49
2019-06-30 1,416.07 59.79 264.70
2019-03-31 1,376.84 57.19 254.97
2018-12-31 1,336.43 54.75 249.69
2018-09-30 1,283.18 49.07 240.99
2018-06-30 1,229.37 45.51 231.45
2018-03-31 1,178.99 41.17 225.87
2017-12-31 1,132.93 41.14 219.00
2017-09-30 1,067.04 41.43 208.14
2017-06-30 997.23 40.97 196.65
2017-03-31 926.95 38.99 184.39
2016-12-31 862.98 38.44 172.84
2016-09-30 820.50 36.64 163.71
2016-06-30 776.69 34.57 155.80
2016-03-31 724.47 31.09 146.76
2015-12-31 662.72 26.52 135.98
2015-09-30 616.49 22.29 129.04
2015-06-30 575.37 19.00 121.04
2015-03-31 542.02 14.82 117.15
2014-12-31 518.02 -5.92 111.63
2014-09-30 492.08 -10.22 107.01
2014-06-30 467.57 -14.93 102.31
2014-03-31 445.91 -17.35 95.81
2013-12-31 431.93 0.42 92.20
2013-09-30 404.00 0.60 92.36
2013-06-30 368.35 -1.27 86.83
2013-03-31 328.44 -6.36 82.73
2012-12-31 301.25 -9.82 80.44

*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.
  • Whilst Installed Building Products has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Installed Building Products used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Installed Building Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Installed Building Products'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 Consumer Durables 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.
Installed Building Products 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 Installed Building Products'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 Installed Building Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Installed Building Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Installed Building Products's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Installed Building Products'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x 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 Installed Building Products Company Filings, last reported 1 month ago.

DB:2IL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 227.51 565.24 239.93
2019-06-30 206.00 457.24 105.67
2019-03-31 190.60 454.39 98.17
2018-12-31 182.50 454.82 100.50
2018-09-30 214.35 456.23 154.45
2018-06-30 215.06 453.41 160.06
2018-03-31 198.58 348.06 48.70
2017-12-31 210.53 347.58 92.56
2017-09-30 197.36 343.85 92.12
2017-06-30 185.12 340.47 91.98
2017-03-31 171.63 264.18 24.61
2016-12-31 153.98 151.43 14.48
2016-09-30 142.53 148.08 19.05
2016-06-30 130.62 145.73 13.74
2016-03-31 120.00 129.11 11.70
2015-12-31 114.48 123.24 6.82
2015-09-30 104.61 101.81 5.27
2015-06-30 94.56 77.73 5.56
2015-03-31 87.12 63.59 6.35
2014-12-31 91.87 26.86 10.76
2014-09-30 92.10 25.41 24.73
2014-06-30 85.91 7.42 5.13
2014-03-31 69.05 19.38 5.15
2013-12-31 -15.10 28.03 4.07
2013-09-30 13.19 24.51 5.27
2013-06-30 12.97 29.78 3.85
2013-03-31 42.92 30.08 3.90
2012-12-31 42.92 17.89 3.90
  • Installed Building Products's level of debt (248.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.6% vs 248.4% today).
  • Debt is well covered by operating cash flow (23.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Installed Building Products'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. Installed Building Products 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 Installed Building Products'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 Installed Building Products dividends.
If you bought €2,000 of Installed Building Products 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 Installed Building Products's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Installed Building Products'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:2IL 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 8 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:2IL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-14

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

  • Unable to perform a dividend volatility check as Installed Building Products has not reported any payouts.
  • Unable to verify if Installed Building Products's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Installed Building Products's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Installed Building Products 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 Installed Building Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Installed Building Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Installed Building Products 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 Installed Building Products'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
Jeff Edwards
COMPENSATION $3,094,271
AGE 55
TENURE AS CEO 15.8 years
CEO Bio

Mr. Jeffrey W. Edwards, also known as Jeff, has been the Chairman, Chief Executive Officer and President of Installed Building Products, Inc. since 1999, 2004 and 2011 respectively. Mr. Edwards’ position allows him to advise the board of directors on management’s perspective over a full range of issues affecting Installed Building's company. He acted as an officer and strategist for the Edwards Companies. Since 1988, he has been involved in the launch of many business ventures as well as commercial real estate developments in central Ohio. He has more than 25 years of experience in the field. He holds a B.S. in Marketing from Miami University.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Installed Building Products management team in years:

6.1
Average Tenure
60
Average Age
  • The average tenure for the Installed Building Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jeff Edwards

TITLE
Chairman
COMPENSATION
$3M
AGE
55
TENURE
15.8 yrs

Michael Miller

TITLE
CFO, Executive VP & Director
COMPENSATION
$1M
AGE
55
TENURE
6.3 yrs

Jay Elliott

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
58
TENURE
6.3 yrs

Jason Niswonger

TITLE
Senior Vice President of Finance & Investor Relations
COMPENSATION
$453K
AGE
46
TENURE
4.7 yrs

William Hire

TITLE
President of External Affairs
COMPENSATION
$536K
AGE
68
TENURE
5.9 yrs

Vikas Verma

TITLE
President of Commercial Development & Director
COMPENSATION
$1M
AGE
66
TENURE
0.8 yrs

Todd Fry

TITLE
Chief Accounting Officer & Treasurer
COMPENSATION
$461K
AGE
53
TENURE
5.6 yrs

Shelley McBride

TITLE
General Counsel & Secretary
AGE
62
TENURE
14.8 yrs

William Jenkins

TITLE
Senior Vice President of Purchasing & Supply Chain
AGE
62
TENURE
4.7 yrs

R. Jenkins

TITLE
Regional President
AGE
64
TENURE
13.1 yrs
Board of Directors Tenure

Average tenure and age of the Installed Building Products board of directors in years:

5.8
Average Tenure
63.5
Average Age
  • The tenure for the Installed Building Products board of directors is about average.
Board of Directors

Jeff Edwards

TITLE
Chairman
COMPENSATION
$3M
AGE
55
TENURE
20.8 yrs

Michael Miller

TITLE
CFO, Executive VP & Director
COMPENSATION
$1M
AGE
55
TENURE
15.7 yrs

Vikas Verma

TITLE
President of Commercial Development & Director
COMPENSATION
$1M
AGE
66
TENURE
2.4 yrs

Janet Jackson

TITLE
Non Executive Director
COMPENSATION
$120K
AGE
66
TENURE
5.8 yrs

Larry Hilsheimer

TITLE
Non-Executive Director
COMPENSATION
$130K
AGE
61
TENURE
5.8 yrs

Margot Carter

TITLE
Presiding Independent Director
COMPENSATION
$130K
AGE
51
TENURE
4.8 yrs

Mike Thomas

TITLE
Independent Director
COMPENSATION
$110K
AGE
69
TENURE
5.8 yrs

Bob Schottenstein

TITLE
Independent Director
COMPENSATION
$110K
AGE
66
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • Installed Building Products 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 (€)
08. Nov 19 Sell Jay Elliott Individual 06. Nov 19 06. Nov 19 -20,000 €63.98 €-1,279,509
27. Aug 19 Sell William Hire Individual 16. Aug 19 20. Aug 19 -10,000 €53.27 €-510,506
13. May 19 Sell Jay Elliott Individual 10. May 19 10. May 19 -14,500 €48.60 €-703,874
07. May 19 Sell Michael Thomas Individual 06. May 19 06. May 19 -2,648 €48.25 €-127,763
16. Mar 19 Sell Jay Elliott Individual 15. Mar 19 15. Mar 19 -3,500 €39.31 €-137,593
14. Mar 19 Sell Installed Building Systems, Inc. Company 13. Mar 19 14. Mar 19 -100,000 €39.33 €-3,852,598
12. Mar 19 Sell Installed Building Systems, Inc. Company 11. Mar 19 12. Mar 19 -102,251 €40.94 €-4,073,537
11. Mar 19 Sell Installed Building Systems, Inc. Company 07. Mar 19 08. Mar 19 -97,749 €41.68 €-4,028,669
X
Management checks
We assess Installed Building Products'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. Installed Building Products 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

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is headquartered in Columbus, Ohio.

Details
Name: Installed Building Products, Inc.
2IL
Exchange: DB
Founded: 1977
$1,927,598,757
29,863,145
Website: http://www.installedbuildingproducts.com
Address: Installed Building Products, Inc.
495 South High Street,
Suite 50,
Columbus,
Ohio, 43215,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE IBP Common Stock New York Stock Exchange US USD 13. Feb 2014
DB 2IL Common Stock Deutsche Boerse AG DE EUR 13. Feb 2014
Number of employees
Current staff
Staff numbers
7,700
Installed Building Products employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:34
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/05
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.