Adding Portfolio Diversity With Trex [Seeking Alpha]
The AZEK Company Inc. Class A (AZEK)
Company Research
Source: Seeking Alpha
Solidago/iStock via Getty ImagesThesisTrex (NYSE:TREXmade quite a name for itself. Trex is rated the number one brand in outdoor living in Forbes' 2021 List of America's Best Mid-Size Companies. Trex currently trades just around a 32 P/E GAAP (TTM) and 25 P/E Non-GAAP (FWD), so the company is still not "cheap" by any measures. Shares are down roughly 54 percent year to date, but up over 280 percent over the past five years. With this said, Trex has a five-year average revenue growth of 19 percent, a 24 percent five-year average EBITDA growth, and (my favorite statistic) five-year average growth of Free Cash Flow Per Share Growth of 26 percent. I strongly believe Trex's long proven track record, environmental focus and sustainability efforts, and future innovations will offer long term rewards at these levels for shareholders. For those who are looking to diversify from a technology heavy portfolio, Trex is a great example of a "growth" stock in a much needed and growing industry.Produ
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AZEK
News
- The AZEK Company (AZEK) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Down -9.62% in 4 Weeks, Here's Why The AZEK Company (AZEK) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- The AZEK Company Inc. (NYSE: AZEK) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $55.00 price target on the stock.MarketBeat
- TimberTech® Composite Decking Recognized by Industry and Design Professionals for Performance, Innovation and SustainabilityBusiness Wire
- The AZEK® Company Inc. Announces Fiscal Second Quarter 2024 Earnings Release and Investor Conference Call on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
AZEK
Earnings
- 2/6/24 - Beat
AZEK
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form 144
- 4/2/24 - Form 4
- AZEK's page on the SEC website