Ferguson's third-quarter results were impressive despite unfavorable residential end market demand. The firm continues to steadily outperform the growth in its end markets, and we expect this to continue. Diluted EPS was $3.43 per share, up 7.9% compared with the previous year.
Ferguson’s competitive advantage and bolt-on acquisition strategy in the US should drive consistent market share gains, boosting revenue growth in excess of the market average.
Ferguson’s exposure to new construction markets can pressure revenue growth and margins during cyclical downturns.
Metric | FERG | GWW | WSO |
|---|---|---|---|
Price/Earnings (Normalized) | 24.79 | 32.57 | 27.66 |
Price/Book Value | 7.68 | 16.06 | 4.26 |
Price/Sales | 1.64 | 3.63 | 1.61 |
Price/Cash Flow | 20.75 | 25.85 | 18.67 |
Metric | FERG | GWW | WSO |
|---|---|---|---|
Quick Ratio | 0.74 | 1.53 | 1.47 |
Current Ratio | 1.73 | 2.61 | 3.15 |
Interest Coverage | — | 37.67 | — |
Metric | FERG | GWW | WSO |
|---|---|---|---|
Return on Assets (Normalized) | — | 23.06% | 12.15% |
Return on Equity (Normalized) | — | 55.05% | 20.22% |
Return on Invested Capital (Normalized) | — | 31.05% | 14.67% |
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United States