Yet, we should expect a recovery in my opinion, as I believe the stock is undervalued based on its GF Score. Long-term shareholders of SiteOne have had a rough ride over the past 11 months, with their stock dropping sharply and with no immediate prospect of a recovery. Insiders are led by CEO Doug Black with 525,598 shares. SiteOne enjoys excellent support from institutional investors who held 95.89% of shares outstanding as of the recent quarter. įrank Sands (Trades, Portfolio) of Sands Capital Management owned 288,977 shares, initiating a new holding. Ron Baron ( Trades, Portfolio) of Baron Funds held 1,716,539 shares, after adding 62.32% in the quarter that ended June 30. Those shares represented 5.99% of SiteOnes shares outstanding and 0.33% of the firm's 13F portfolio. Here are the top guru owners of the stock:īaillie Gifford ( Trades, Portfolio) had 2,695,158 shares at the end of the second quarter after reducing its holding by 16.38%. Six of the investing gurus followed by GuruFocus have stakes in SiteOne. Still, dividing 18.04 by the five-year Ebitda growth rate of 29.31% per year provides a PEG ratio of 0.62, which is well below the fair-value mark of 1.00. The price-earnings ratio comes in at 18.04, above the S&P 500 median of 14.91. 26, SiteOnes market price was $113.50, while the GF Value was $184. Over the past five years, it has outperformed its benchmarks and the S&P 500 by a substantial margin:Īt the close of trading on Oct. None of the nine major competitors it names are publicly traded, although one is a subsidiary of Pool Corporation (NASDAQ:POOL). SiteOne reports that its main competition comes from regional distributors, most of which are local and privately owned. Recreational and other construction (10% of 2021 net sales). Residential construction represented 60% of 2021 net sales.Ĭommercial and industrial construction (30% of 2021 net sales). However, the company also sells to construction and recreational contractors, with a 2021 revenue breakdown as follows:

Those products include irrigation supplies, fertilizers, pest control products, hardscapes (such as pavers and blocks), landscape accessories and outdoor lighting.Ī typical customer is described as a private landscape contractor operating in a single market. It sells over 135,000 individual products from 5,000 suppliers through 590 branch locations in 45 U.S. SiteOne is a $5.10 billion company that calls itself the largest and only national wholesale distributor of landscape supplies in the United States and have a growing presence in Canada, according to its 10-K for 2021. Warning! GuruFocus has detected 2 Warning Sign with SITE. SiteOne: Uptrending Results Hide Behind a Sorry Share Price

Siteone westinghouse