SPI收购将助力TopBuild Corp.在艰难住宅市场中蓬勃发展

投资观察
Oct 09

TopBuild Corp.斥资10亿美元收购SPI,此举将为其带来更多工业和商业客户,并增加在维修保养市场的业务敞口,有助于公司即使在住宅建筑停滞的背景下也能实现增长,D.A. Davidson分析师Kurt Yinger和Aditya Madan表示。SPI更多的业务来自维修而非新建筑,这应该有助于降低周期性,而SPI多元化的终端市场垂直领域应该能让TopBuild Corp.在商业/工业和住宅市场之间实现接近均衡的分配。分析师表示,TopBuild Corp.应该以高于历史估值的溢价进行交易,但实际上其交易倍数却低于那些利润率更低、质量更差的建筑产品分销商。TopBuild Corp.股价上涨7%至424.11美元。

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