Gibraltar Industries, Inc. (ROCK)
Industrials · NMS · US
Fundamentals
Valuation and ratings
Gibraltar Industries, Inc. trades at USD43.18, which is 89% below the USD81.62 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 26 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 21.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Gibraltar Industries, Inc.
Gibraltar Industries, Inc. manufactures and provides products and services for the residential, agtech, and infrastructure markets in the United States and internationally. The company operates through three segments: Residential, Agtech, and Infrastructure. The Residential segment offers roof and foundation ventilation products; mail systems and package solutions, including single mailboxes, and cluster style mail, and parcel boxes for single and multi-family housing; roof edgings and flashings; soffits and trim; drywall corner beads; metal roofing and accessories; rain dispersion products comprising gutters, downspouts and accessories; and exterior retractable awnings. The Agtech segment offers controlled environmental agriculture, and custom greenhouse solutions and structural canopies, including the designing, engineering, manufacturing, construction of the structure, and integration of subsystems for retail, fruits and vegetables, flowers, commercial, institutional and conservatories, and car wash structure applications. The Infrastructure segment offers expansion joints, structural bearings, rubber pre-formed seals and other sealants, elastomeric concrete, and bridge cable protection systems. The company serves home improvement retailers, wholesalers, distributors, and contractors, as well as institutional and commercial growers of fruit, vegetables, flowers, and plants. The company was founded in 1972 and is headquartered in Buffalo, New York.
ROCK passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- D. E. Shaw, D. E. Shaw & Co., Inc.$9.95M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$4.72M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$3.83M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$1.20M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$618.0K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Gibraltar Industries, Inc. (ROCK) undervalued?
Against our discounted cash flow estimate of USD81.62, ROCK at USD43.18 is 89% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own ROCK?
8 of the institutions we track reported a position in ROCK in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ROCK's P/E ratio?
ROCK trades at 21.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.