Patrick Story

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PATK -- USA Stock  

USD 56.84  0.45  0.80%

Patrick Industries is currently generating 1.0347% in daily expected returns and assumes 4.1788% risk (volatility on return distribution) over the 60 days horizon. While some risk-loving traders are indifferent towards current market volatility, it is reasonable to examine the risk of investing in Patrick Industries. We are going to concentrate on if the current expected returns justify Patrick Industries' volatility. The recent above-average Patrick Industries' volatility may impact the value of the stock as we project Patrick Industries as currently undervalued. The real value, according to our calculations, is approaching 74.68 per share.
Published over two months ago
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Still holding on to Patrick (NASDAQ:PATK) given recent volatility plunge?
Patrick Industries currently holds roughly 94.52 M in cash with 177.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.02.
Volatility is a rate at which the price of Patrick Industries or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Patrick Industries may increase or decrease. In other words, similar to Patrick's beta indicator, it measures the risk of Patrick Industries and helps estimate the fluctuations that may happen in a short period of time. So if prices of Patrick Industries fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Patrick Industries's Liquidity

Patrick Industries financial leverage refers to using borrowed capital as a funding source to finance Patrick Industries ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Patrick Industries financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Patrick Industries's total debt and its cash.

How Patrick utilizes its cash?

To perform a cash flow analysis of Patrick Industries, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Patrick Industries is receiving and how much cash it distributes out in a given period. The Patrick Industries cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Patrick Industries Net Cash Flow from Operations is increasing as compared to previous years. The last year's value of Net Cash Flow from Operations was reported at 192.41 Million

Patrick Industries Volatility Drivers

Patrick Industries unsystematic risk is unique to Patrick Industries and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Patrick Industries you can also buy Harley Davidson. You can also mitigate this risk by investing in the recreational vehicles sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Patrick Industries important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Patrick Industries income statement and balance sheet. Here are more details about Patrick volatility.
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