Construction Partners, Inc.

Construction Partners, Inc.

ROADยทNASDAQ

$110.40

+1.4%
IndustrialsEngineering & Construction

Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand and gravel that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 1999 and is headquartered in Dothan, Alabama.

At a Glance

Live Snapshot
Market Cap$6.24B
EPS1.8500
P/E Ratio59.68
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 59.7).

Valuation inputs: P/E 59.7, earnings yield +1.7%, momentum +1.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +11.2%, ROIC +6.7%).

Profitability stack: net margin +3.6%, ROE +11.2%, ROIC +6.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +71.8%, momentum +1.4%, net margin +3.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Construction Partners, Inc. Market vs Earnings Trajectory

ROAD ยท NASDAQ

Loading price and EPS data...

Construction Partners, Inc.

Construction Partners, Inc. Fair Value Envelope

ROAD ยท NASDAQ

Our analysis suggests that ROAD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $110.4, this represents a potential HIDDEN relative to our calculated worth for Construction Partners, Inc..

Intrinsic Value
Current Price: $110.4
3Y+351.0%
5Y+137.0%
10Y+330.0%
3Y+116.0%
5Y+258.0%
10Y+419.0%
3Y+376.0%
5Y+153.0%
10Y+362.0%
3Y+1666.0%
5Y+177.0%
10Y+464.0%
3Y-393.0%
5Y+192.0%
10Y+471.0%
3Y+196.0%
5Y+416.0%
10Y+918.0%
Construction Partners, Inc.

Construction Partners, Inc. Profit Bridge

ROAD ยท NASDAQ
Revenue2.81B
Cost of Goods Sold (2.37B)
Gross Profit439.09M
Operating Expenses (199.29M)
Operating Income239.80M
Interest Expense (90.36M)
Other Income/Expense-105.28M
Pretax Income134.53M
Income Tax (32.75M)
Net Income101.77M
Net Income
101.77M

Profitability Analysis

Gross Margin

15.6%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

8.5%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

3.6%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

24.3%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

15.61%
Gross Profit Margin
10%
3Y+48.0%
5Y-
10Y+13.0%
8.53%
Operating Profit Margin
43%
3Y+271.0%
5Y+21.0%
10Y+23.0%
3.62%
Net Profit Margin
-4%
3Y+120.0%
5Y-29.0%
10Y-11.0%
11.16%
Return on Equity
-7%
3Y+138.0%
5Y+7.0%
10Y-21.0%
3.14%
Return on Assets
-30%
3Y+61.0%
5Y-51.0%
10Y-55.0%
6.68%
Return on Invested Capital
-1%
3Y+161.0%
5Y-19.0%
10Y-39.0%
ROAD

Construction Partners, Inc. Cash Conversion Engine

ROAD ยท NASDAQ
Net Income101.78M
Depreciation & Amortization148.27M
Stock-Based Compensation37.01M
Change in Working Capital-16.12M
Others-7.10M
Capital Expenditures-137.93M
Free Cash Flow153.37M

Cash Flow Quality Analysis

FCF Conversion Rate

150.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

47.3%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

+26.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$16.12M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Construction Partners, Inc. Funding & Solvency Profile

ROAD ยท NASDAQ
Cash & Cash Equivalents76.86M
Net Receivables515.65M
Inventory176.80M
Other Current Assets93.08M
Total Current Assets862 M
Property, Plant & Equipment1.36B
Goodwill & Intangible Assets1.17B
Long-Term Investments0.00
Other Non-Current Assets41.60M
Total Non-Current Assets1 B
Total Assets
3.44B

Financial Health Analysis

Current Ratio

1.53x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

1.23x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

298 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

25% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Construction Partners, Inc. Street Expectations Map

ROAD ยท NASDAQ

Wall Street analysts project that ROAD stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 142.25, with estimates ranging from a low of 130.00 to a high of 169.00.

Lowest Target
130.00
17.75%
Consensus Target
142.25
28.85%
Highest Target
169.00
53.08%

The consensus 1-year price target stands at 142.25, with estimates ranging from a low of 130.00 to a high of 169.00.

Analyst Consensus Analysis

Upside Potential

+28.9%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

27.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Construction Partners, Inc. Insider Positioning

ROAD ยท NASDAQ

During the last 12 months, there has been no insider trading activity reported for ROAD.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

road Dividend History

ROAD
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%