Masco Corporation (MAS) 株式分析

企業概要

Masco Corporation is a leading manufacturer and distributor of home improvement and building products serving markets across North America, Europe, and international regions. The company operates within the Industrials sector, specifically targeting the Building Products & Equipment industry, where it supplies essential fixtures such as faucets, showerheads, and bathing units to residential and commercial sectors. As of the latest data, Masco maintains a substantial market capitalization of $12.91B and generates an annual revenue of $7.56B, employing approximately 18,000 individuals globally. These financial figures indicate a large-cap industrial entity with significant operational scale, positioning it as a major player in the global supply chain for plumbing and building hardware solutions.

財務健全性

The company reported a total revenue of $7.56B and net income of $810.00M over the trailing twelve months, while EBITDA reached $1.41B, revealing a cost structure where operating expenses and taxes consume roughly 89.3% of gross revenue before interest and depreciation adjustments. The firm generated $663.12M in free cash flow, which provides a robust buffer for capital expenditures, debt servicing, and potential strategic acquisitions without relying on external financing. Profitability metrics show a gross margin of 35.7%, an operating margin of 14.8%, and a profit margin of 10.7%, indicating that the company retains over one-tenth of every dollar in revenue as net profit after all costs are accounted for. In terms of leverage, Masco holds $647.00M in cash against $3.22B in debt, resulting in a debt-to-equity ratio of 4,230.26, which suggests a highly leveraged balance sheet relative to shareholder equity. Short-term liquidity appears secure with a current ratio of 1.80, meaning the company possesses sufficient current assets to cover its current liabilities nearly twice over. Return on equity stands at an exceptionally high 7,150.0%, while return on assets is 15.5%, metrics that reflect intense capital efficiency or specific accounting characteristics regarding equity base and asset turnover in this industrial segment.

バリュエーション評価

Valuation multiples indicate a trailing P/E ratio of 16.43 compared to a forward P/E of 13.71, suggesting that the market anticipates earnings growth in the future that would compress the current valuation multiple. The price-to-book ratio is reported as -70.00, a figure that typically signals accounting complexities regarding intangible assets or specific capitalization structures rather than a traditional market discount. Alternative valuation metrics include a price-to-sales ratio of 1.71 and an EV/EBITDA of 11.13, which provide context on revenue efficiency and enterprise value relative to operating cash generation. Price action over the last year has fluctuated between a 52-week high of $79.19 and a 52-week low of $56.55, with the current trading price situated at a point that requires calculation against these bounds to determine precise discount or premium status relative to the recent volatility range. The stock exhibits a beta of 1.29, indicating that its price volatility is historically 29% higher than the broader market benchmark, reflecting the cyclical nature of the building products industry.

Growth & Income

Recent financial performance shows a revenue growth rate of -1.9% year-over-year and an earnings growth rate of -5.9% year-over-year, indicating that earnings are contracting at a faster pace than revenues, which may point to rising input costs or pricing pressures affecting profitability. Masco pays a dividend with a yield of 2.0% and maintains a payout ratio of 32.1%, suggesting that the dividend coverage is substantial relative to current earnings and appears sustainable despite the recent negative earnings growth trajectory. The combination of declining revenue and accelerated earnings contraction highlights a period of headwinds that could impact the sustainability of current income levels if market conditions do not improve. Overall, the company presents a profile of a mature industrial firm currently navigating a contraction phase while maintaining a consistent dividend policy and a leveraged capital structure typical of the building products sector.