Professional
Added to YB: 2025-10-24
Pitch date: 2025-09-30
FND [bullish]
Floor & Decor Holdings, Inc.
-17.41%
current return
Author Info
No bio for this author
Company Info
Floor & Decor Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in the United States.
Market Cap
$6.6B
Pitch Price
$74.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.96
P/E
30.58
EV/Sales
1.80
Sector
Specialty Retail
Category
growth
Baron Real Estate Fund New Position: Floor & Decor Holdings, Inc.
FND (new position): Hard-surface flooring retailer w/ 'everyday low pricing' & large format stores (78K sqft, 4K SKUs vs peers' 1K). Plans 257→500 stores by 2032. Mgmt sees 15-17% EBITDA margins vs 11% now, 20-30% EPS growth potential on housing recovery. Trading at trough multiple on cyclically depressed $1.80 EPS vs $4.50+ long-term target.
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