Generac Holdings Inc
NYSE:GNRC
Intrinsic Value
Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. [ Read More ]
The intrinsic value of one GNRC stock under the Base Case scenario is 173.67 USD. Compared to the current market price of 126.14 USD, Generac Holdings Inc is Undervalued by 27%.
Valuation Backtest
Generac Holdings Inc
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Fundamental Analysis
Guidance Indicates Growth with Margin Improvements
2023-Q4 Earnings Call
In 2024, the company anticipates return to growth led by mid-teens rise in residential sales, focusing on home standby generators and energy technologies like Ecobee smart devices. Global Commercial & Industrial (C&I) product sales are projected to shrink by 10%. Overall, consolidated net sales should grow 3-7%, driven by new product launches and international expansion. Expectations for 2024 include a 25% growth in residential energy tech sales, a 10% contraction in global C&I sales, gross margins increasing by ~300 basis points year-over-year, and adjusted EBITDA margins improving to 16.5%-17.5% from 15.9% in 2023. The second half EBITDA margins are forecasted to be nearly 600 basis points higher than the first half.
Balance Sheet Decomposition
Generac Holdings Inc
Current Assets | 2B |
Cash & Short-Term Investments | 201m |
Receivables | 537.3m |
Other Current Assets | 1.3B |
Non-Current Assets | 3.1B |
PP&E | 669.5m |
Intangibles | 2.3B |
Other Non-Current Assets | 147.6m |
Current Liabilities | 880.8m |
Accounts Payable | 340.7m |
Accrued Liabilities | 384.2m |
Short-Term Debt | 81.8m |
Other Current Liabilities | 74.1m |
Non-Current Liabilities | 1.9B |
Long-Term Debt | 1.4B |
Other Non-Current Liabilities | 424.7m |
Earnings Waterfall
Generac Holdings Inc
Revenue
|
4B
USD
|
Cost of Revenue
|
-2.7B
USD
|
Gross Profit
|
1.4B
USD
|
Operating Expenses
|
-978.8m
USD
|
Operating Income
|
386.7m
USD
|
Other Expenses
|
-183.6m
USD
|
Net Income
|
203.1m
USD
|
Free Cash Flow Analysis
Generac Holdings Inc
What is Free Cash Flow?
GNRC Profitability Score
Profitability Due Diligence
Generac Holdings Inc's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
Score
Generac Holdings Inc's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
GNRC Solvency Score
Solvency Due Diligence
Generac Holdings Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
Generac Holdings Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
GNRC Price Targets Summary
Generac Holdings Inc
According to Wall Street analysts, the average 1-year price target for GNRC is 139.29 USD with a low forecast of 78.78 USD and a high forecast of 183.75 USD.
Ownership
GNRC Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
GNRC Price
Generac Holdings Inc
Average Annual Return | 50.57% |
Standard Deviation of Annual Returns | 86.06% |
Max Drawdown | -84% |
Market Capitalization | 7.6B USD |
Shares Outstanding | 61 038 694 |
Percentage of Shares Shorted | 6.91% |
GNRC News
Last Important Events
Generac Holdings Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Generac Holdings Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. The company is headquartered in Waukesha, Wisconsin and currently employs 8,955 full-time employees. The company went IPO on 2010-02-11. The company is engaged in providing power grid software solutions, backup, and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms, and engine- and battery-powered tools and equipment. Its segments include Domestic and International. The Domestic segment includes the Generac business and the acquisitions that are based in the United States and Canada. The International segment includes Generac business' Latin American export operations, and the Ottomotores, Tower Light, Pramac, Motortech, Selmec, Deep Sea, and Off Grid Energy acquisitions. The company designs and manufactures stationary, portable and mobile generators with single-engine outputs ranging between 800 watts and 3,250 kilowatts. The company has developed a line of turn-key energy storage systems for use in residential solar-plus-storage applications. The company also offers industrial-grade mobile energy storage systems.
Contact
IPO
Employees
Officers
The intrinsic value of one GNRC stock under the Base Case scenario is 173.67 USD.
Compared to the current market price of 126.14 USD, Generac Holdings Inc is Undervalued by 27%.