The AZEK Company: Investor Day Outlines The Case For A Narrowing Valuation Gap [Seeking Alpha]
The AZEK Company Inc. Class A (AZEK)
Company Research
Source: Seeking Alpha
gilaxia/E+ via Getty ImagesThe AZEK Company (NYSE:continue to believe in the AZEK medium-term earnings outlook on the back of the extensive decking conversion runway as well as the company's various margin levers (e.g., recycling initiatives). With spending on the Boise expansion also set to wind down, the companyâ??s cash generation should trend higher, clearing the path for accretive capital deployment opportunities ahead. Assuming management successfully unlocks the 500+bps of margin expansion guided at its investor day, margins should converge toward its closest peer, Trex Company (TREX), justifying a narrowing of the valuation gap.Structural Tailwinds Underpin Top-Line Growth TargetsAZEKâ??sinvestor day eventOver the longer term, industry trends also appear encouraging, as homeowners are increasingly prioritizing aesthetics in decks and moving away from wood - a recent proprietary survey of homeowners by AZEK indicated c. 55% would be more open to composite decks, suggesting a po
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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