Griffon Financials

GFF Stock  USD 67.40  0.12  0.18%   
Based on the analysis of Griffon's profitability, liquidity, and operating efficiency, Griffon may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Griffon's Total Stockholder Equity is most likely to increase significantly in the upcoming years. The Griffon's current Property Plant And Equipment Net is estimated to increase to about 542.4 M, while Total Current Liabilities is projected to decrease to roughly 239.7 M. Key indicators impacting Griffon's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio4.944.71
Sufficiently Up
Slightly volatile
Operating Income237.7 M226.4 M
Sufficiently Up
Slightly volatile
Current Ratio1.962.46
Significantly Down
Slightly volatile
The financial analysis of Griffon is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Griffon includes many different criteria found on its balance sheet. For example, investors should never minimize Griffon's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Griffon's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Griffon.

Cash And Equivalents

133.46 Million

With this module, you can analyze Griffon financials for your investing period. You should be able to track the changes in Griffon individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Griffon Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Griffon's financial statements are interrelated, with each one affecting the others. For example, an increase in Griffon's assets may result in an increase in income on the income statement.

Griffon Earnings Geography

The data published in Griffon's official financial statements usually reflect Griffon's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Griffon. For example, before you start analyzing numbers published by Griffon accountants, it's critical to develop an understanding of what Griffon's liquidity, profitability, and earnings quality are in the context of the Building Products space in which it operates.
Please note, the presentation of Griffon's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Griffon's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Griffon's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Griffon. Please utilize our Beneish M Score to check the likelihood of Griffon's management manipulating its earnings.

Griffon Stock Summary

Griffon competes with Matthews International, Brookfield Business, MDU Resources, Steel Partners, and Compass Diversified. Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Griffon Corporation was founded in 1959 and is headquartered in New York, New York. Griffon Corp operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. It employs 6700 people.
Foreign Associate
  Germany
Specialization
Industrials, Capital Goods
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS3984331021
CUSIP398433102
LocationNew York; U.S.A
Business Address712 Fifth Avenue,
SectorBuilding Products
IndustryIndustrials
BenchmarkNYSE Composite
Websitewww.griffon.com
Phone212 957 5000
CurrencyUSD - US Dollar
You should never invest in Griffon without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Griffon Stock, because this is throwing your money away. Analyzing the key information contained in Griffon's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Griffon Key Financial Ratios

Generally speaking, Griffon's financial ratios allow both analysts and investors to convert raw data from Griffon's financial statements into concise, actionable information that can be used to evaluate the performance of Griffon over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Griffon reports annually and quarterly.

Griffon Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.5B2.6B2.8B2.4B2.8B2.9B
Other Current Liab3.8M84.0M184.5M7.1M6.4M6.1M
Net Debt996.8M946.2M1.6B1.5B1.8B1.9B
Retained Earnings607.5M670.0M344.1M281.5M323.7M313.8M
Cash218.1M248.7M120.2M102.9M118.3M91.7M
Net Receivables348.1M294.8M361.7M312.4M359.3M205.9M
Inventory413.8M472.8M669.2M507.1M583.2M612.4M
Other Current Assets46.9M76.0M63.6M57.1M65.7M43.7M
Total Liab1.8B1.8B2.3B2.1B2.4B2.5B
Total Current Assets1.1B1.4B1.2B980.6M1.1B605.0M
Short Term Debt41.8M42.4M44.3M42.3M48.6M51.0M
Intangible Assets355.0M350.0M761.9M635.2M730.5M767.1M
Accounts Payable232.1M260.1M194.8M116.6M134.1M129.5M
Common Stock20.7M20.9M21.1M21.2M24.4M25.6M
Other Liab133.5M113.4M194.9M137.4M158.0M106.7M
Other Assets39.3M25.0M26.1M26.0M29.9M36.4M
Long Term Debt1.0B1.0B1.6B1.5B1.7B1.8B
Good Will442.6M426.1M335.8M327.9M295.1M280.3M
Treasury Stock(536.3M)(413.5M)(416.9M)(420.1M)(378.1M)(397.0M)
Net Tangible Assets(97.5M)31.0M(620.1M)(647.9M)(583.1M)(553.9M)
Long Term Debt Total1.1B1.0B1.0B1.6B1.8B1.0B
Capital Surpluse519.0M583.0M602.2M628.0M722.2M579.8M

Griffon Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Griffon's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense66.5M63.2M84.4M101.4M116.7M110.8M
Total Revenue2.4B2.3B2.8B2.7B3.1B3.2B
Gross Profit641.4M641.1M936.9M948.8M1.1B1.1B
Operating Income155.0M170.6M335.1M196.9M226.4M237.7M
Ebit155.0M170.6M335.1M311.1M357.8M375.7M
Ebitda219.6M226.7M399.7M376.6M433.0M454.7M
Cost Of Revenue1.8B1.6B1.9B1.7B2.0B1.0B
Income Before Tax82.8M111.2M(270.9M)112.7M101.4M106.5M
Net Income53.4M79.2M(287.7M)77.6M69.9M73.3M
Income Tax Expense29.3M39.9M16.8M35.1M40.3M42.3M
Tax Provision29.3M39.9M16.8M35.1M40.3M21.6M
Interest Income65.8M62.7M215K2.1M2.4M2.3M
Extraordinary Items(8.3M)11.0M8.0M96.2M110.6M116.1M
Net Interest Income(65.8M)(62.7M)(84.2M)(99.4M)(89.4M)(93.9M)

Griffon Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Griffon. It measures of how well Griffon is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Griffon brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Griffon had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Griffon has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory34.1M(150.9M)(106.8M)129.2M116.3M122.1M
Change In Cash145.7M30.6M(128.5M)(17.3M)(15.6M)(14.8M)
Free Cash Flow85.0M74.8M27.0M365.2M419.9M440.9M
Depreciation62.4M52.3M64.7M65.4M75.3M41.8M
Other Non Cash Items14.3M50.8M546.7M158.1M181.9M191.0M
Dividends Paid14.5M17.1M126.7M133.8M153.9M161.6M
Capital Expenditures49.0M37.0M42.5M63.6M73.1M47.0M
Net Income53.4M71.2M(287.7M)77.6M69.9M73.3M
End Period Cash Flow218.1M248.7M120.2M102.9M118.3M99.6M
Net Borrowings1.2B(6.9M)547.7M(99.2M)(114.1M)(108.4M)
Change To Netincome30.3M74.0M423.2M157.2M180.8M189.9M
Investments(130K)(17.2M)(585.9M)(45.2M)(40.7M)(42.7M)

Griffon Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Griffon's current stock value. Our valuation model uses many indicators to compare Griffon value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Griffon competition to find correlations between indicators driving Griffon's intrinsic value. More Info.
Griffon is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies reporting about  0.17  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Griffon is roughly  5.78 . At this time, Griffon's Return On Equity is most likely to increase slightly in the upcoming years.Comparative valuation analysis is a catch-all model that can be used if you cannot value Griffon by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Griffon's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Griffon's earnings, one of the primary drivers of an investment's value.

Griffon's Earnings Breakdown by Geography

Griffon Systematic Risk

Griffon's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Griffon volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Griffon correlated with the market. If Beta is less than 0 Griffon generally moves in the opposite direction as compared to the market. If Griffon Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Griffon is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Griffon is generally in the same direction as the market. If Beta > 1 Griffon moves generally in the same direction as, but more than the movement of the benchmark.

About Griffon Financials

What exactly are Griffon Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Griffon's income statement, its balance sheet, and the statement of cash flows. Potential Griffon investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Griffon investors may use each financial statement separately, they are all related. The changes in Griffon's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Griffon's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Griffon Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Griffon is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Griffon has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Griffon's financials are consistent with your investment objective using the following steps:
  • Review Griffon's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Griffon's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Griffon's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Griffon's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Griffon Thematic Clasifications

Griffon is part of several thematic ideas from Farming to Plastics. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Griffon Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Griffon's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Griffon growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.18)

At this time, Griffon's Price Earnings To Growth Ratio is most likely to drop slightly in the upcoming years.

Griffon May 21, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Griffon help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Griffon. We use our internally-developed statistical techniques to arrive at the intrinsic value of Griffon based on widely used predictive technical indicators. In general, we focus on analyzing Griffon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Griffon's daily price indicators and compare them against related drivers.
When determining whether Griffon is a strong investment it is important to analyze Griffon's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Griffon's future performance. For an informed investment choice regarding Griffon Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffon. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
For more detail on how to invest in Griffon Stock please use our How to Invest in Griffon guide.
Note that the Griffon information on this page should be used as a complementary analysis to other Griffon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running Griffon's price analysis, check to measure Griffon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Griffon is operating at the current time. Most of Griffon's value examination focuses on studying past and present price action to predict the probability of Griffon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Griffon's price. Additionally, you may evaluate how the addition of Griffon to your portfolios can decrease your overall portfolio volatility.
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Is Griffon's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Griffon. If investors know Griffon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Griffon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Dividend Share
0.55
Earnings Share
3.78
Revenue Per Share
52.934
Quarterly Revenue Growth
(0.05)
The market value of Griffon is measured differently than its book value, which is the value of Griffon that is recorded on the company's balance sheet. Investors also form their own opinion of Griffon's value that differs from its market value or its book value, called intrinsic value, which is Griffon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Griffon's market value can be influenced by many factors that don't directly affect Griffon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Griffon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Griffon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Griffon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.