Professional
Added to YB: 2020-04-15
Pitch date: 2020-04-15
GMS [bullish]
Gypsum Management & Supply Inc.
+687.12%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
Gypsum Management & Supply Inc. operates a network of distribution centers that offer wallboard, ceilings, steel framing, and complementary construction products in the United States and Canada.
Market Cap
$4.2B
Pitch Price
$13.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.33
P/E
42.21
EV/Sales
1.06
Sector
Trading Companies and Distributors
Category
value
1 Main Holdings top position: GMS Inc (GMS)
GMS: Leading NA interior construction products distributor, hit -60% in Q1 on COVID-19 selloff. Supplies wallboard, ceilings, steel framing to commercial/residential contractors via 250+ branches. Essential business designation keeps work ongoing. Only 30% EBITDA decline in '09, less FCF hit from working capital release. Housing vacancies low & delayed millennial household formation limit downside vs '08. Potential upside from infrastructure stimulus & M&A. Trades <4x TTM FCF.
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