Professional
Added to YB: 2024-08-15
Pitch date: 2024-06-30
MHK [bullish]
Mohawk Industries, Inc.
-2.13%
current return
Author Info
No bio for this author
Company Info
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally.
Market Cap
$6.5B
Pitch Price
$113.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.00
P/E
15.59
EV/Sales
0.77
Sector
Household Durables
Category
value
Heartland Small Cap Value Strategy Portfolio Holding: Mohawk Industries, Inc.
MHK: Leading flooring manufacturer trading below book value at 10x P/E. Short-term housing weakness due to rising rates, but long-term tailwinds from massive US housing shortage (7.2M deficit since 2012). Low millennial homeownership (52% vs 70%+ for older gens) creates favorable supply-demand. Well-positioned for eventual housing recovery.
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