TopBuild Corp.

TopBuild Corp.

BLDยทNYSE

$408.50

+0.35%
IndustrialsEngineering & Construction

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services. The company also offers various services and tools to assist builders in applying the principles of building science to new home construction, which include pre-construction plan reviews, diagnostic testing, and various inspection services; and home energy rating services. In addition, it distributes building and mechanical insulation, insulation accessories, and other building product materials for the residential, commercial, and industrial end markets. The company serves single-family homebuilders, single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. It operates approximately 235 installation branches and 175 distribution centers in the United States and Canada. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.

At a Glance

Live Snapshot
Market Cap$11.50B
EPS18.3900
P/E Ratio22.33
Earnings Date08/04/2026
TopBuild Corp.

TopBuild Corp. Fair Value Envelope

BLD ยท NYSE

Our analysis suggests that BLD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $408.5, this represents a potential HIDDEN relative to our calculated worth for TopBuild Corp..

Intrinsic Value
Current Price: $408.5

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$9.8B
+ Cash & Equivalents$184.7M
Firm Value$10.0B
- Debt$3.2B
Equity Value$6.8B
/ Shares Outstanding28,071,651B
DCF Value$242
OVERVALUED BY 41%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$745.8M
$735.5M
$725.3M
$715.3M
$705.4M
$695.6M
$686.0M
$676.5M
$667.1M
$657.8M
Maintenance CapEx
-$11.7M
-$11.6M
-$11.4M
-$11.2M
-$11.1M
-$10.9M
-$10.8M
-$10.6M
-$10.5M
-$10.3M
Owner Earnings
$734.1M
$724.0M
$713.9M
$704.0M
$694.3M
$684.7M
$675.2M
$665.8M
$656.6M
$647.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$679.7M
$620.7M
$566.7M
$517.5M
$472.5M
$431.5M
$394.0M
$359.7M
$328.5M
$299.9M
Terminal Value represents 52.2% of Enterprise Value