DOOR - Embedded Expectations Analysis - 2018 02 01
ï€ Masonite International Corporation (DOOR:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 16.1x Uniform P/E, implying somewhat bullish expectations for the firm. However, management has concerns about productivity, costs, and pricingï€ Specifically, management may be concerned about the increasing complexities they are facing as a result of their introduction of new products, and may lack confidence in the sustainability of productivity improvements. Furthermore, they may have concerns about higher raw material costs, and may be concerned about the sustainability of net sales growth. Moreover, they may have concerns about their ability to raise prices in the U.K., and may lack confidence in the progress that they have made regarding operational issues in their distribution area
Masonite International designs, manufactures and distributes interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Co. manufactures a line of interior doors, including residential molded, flush, stile and rail, louver and commercial and architectural doors; door components for internal use and sale to other door manufacturers; and exterior residential steel, fiberglass and wood doors and entry systems. Co.'s portfolio of brands include Masonite®, Marshfield®, Premdor®, Mohawk®, Megantic®, Algoma®, Birchwood Best®, Lemieux®, Door-Stop™, Harring Doors™ and National Hickman™ .
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- GAAP and IFRS have failed to provide rules for reliable financial statement reporting
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