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Friday, March 24, 2017

Simpson Manufacturing Co Valuation – February 2017 $SSD


Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Stocks for Using A Benjamin Graham Value Investing Strategy – February 2017.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Simpson Manufacturing Co (SSD) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Simpson Manufacturing Co., Inc. through its subsidiary, Simpson Strong-Tie Company Inc. (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials. It operates in three segments: North America, Europe and Asia/Pacific. The North America segment includes operations in the United States and Canada. The Europe segment includes operations in France, the United Kingdom, Germany, Denmark, Switzerland, Portugal and Poland. The Asia/Pacific segment includes operations in China, Hong Kong, Thailand, Australia, New Zealand, South Africa and the Middle East. Its segments sell both wood and concrete construction products.

SSD Chart

SSD data by YCharts


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Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Recent valuations of the components of the Dow Jones Industrial Average are available for free members, including this one of Microsoft Corporation.  In addition, here is a post detailing what can be found within each individual company’s valuation.

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Most Recent Balance Sheet Figures

Balance Sheet Information 12/1/2016
Total Current Assets $585,247,000
Total Current Liabilities $108,796,000
Long-Term Debt $0
Total Assets $979,974,000
Intangible Assets $124,479,000
Total Liabilities $114,132,000
Shares Outstanding (Diluted Average) 47,754,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $1.92
Dec2016 $1.86
Dec2015 $1.38
Dec2014 $1.29
Dec2013 $1.05
Dec2012 $0.87
Dec2011 $1.04
Dec2010 $0.58
Dec2009 $0.25
Dec2008 $1.10
Dec2007 $1.40
Dec2006 $2.10
Dec2005 $2.02
Dec2004 $1.67
Dec2003 $1.21
Dec2002 $1.05
Dec2001 $0.82
Dec2000 $0.80
Dec1999 $0.79
Dec1998 $0.65
Dec1997 $0.54

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $1.65
Dec2016 $1.44
Dec2015 $1.20
Dec2014 $1.06
Dec2013 $0.88
Dec2012 $0.79
Dec2011 $0.79
Dec2010 $0.81
Dec2009 $1.07
Dec2008 $1.54
Dec2007 $1.73
Dec2006 $1.80
Dec2005 $1.55
Dec2004 $1.25
Dec2003 $1.01
Dec2002 $0.88
Dec2001 $0.77

Recommended Reading:

Other ModernGraham posts about the company

None. This is the first time ModernGraham has covered the company.

Other ModernGraham posts about related companies

Quanta Services Inc Valuation – August 2016 $PWR
Jacobs Engineering Group Inc Valuation – August 2016 $JEC
PPG Industries Inc Valuation – August 2016 $PPG
D.R. Horton Inc Valuation – August 2016 $DHI
Martin Marietta Materials Inc Valuation – August 2016 $MLM
Fluor Corporation Valuation – August 2016 $FLR
Vulcan Materials Co Valuation – July 2016 $VMC
PulteGroup Inc Valuation – July 2016 $PHM
Sherwin-Williams Co Valuation – July 2016 $SHW
Cummins Inc Valuation – July 2016 $CMI

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

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