A Business at a Glance
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MasterBrand, Inc.
MBC
$1.1B
Mkt Cap
$8.50
+0.95%
MasterBrand, Inc. (MBC) has a current P/E ratio of 40.5, compared to its historical median P/E of 12.9. The stock is currently considered Expensive based on its historical valuation range.
MasterBrand, Inc. (MBC) has a 5-year average return on invested capital (ROIC) of 7.9%. This is below average and may indicate limited pricing power.
MasterBrand, Inc. (MBC) has a market capitalization of $1.1B. It is classified as a small-cap stock.
MasterBrand, Inc. (MBC) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.62%.
Based on historical P/E analysis, MasterBrand, Inc. (MBC) appears expensive. The current P/E of 40.5 is 214% above its historical median of 12.9. The estimated fair value CAGR (P/E method) is -11.1%.
MasterBrand, Inc. (MBC) operates in the Wood Household Furniture, (No Upholstered) industry, within the Consumer Cyclical sector.
MasterBrand, Inc. (MBC) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
MasterBrand, Inc. (“we,” “us,” “our,” “MasterBrand” or the “Company”), was founded over 70 years ago in 1954 under the name United Cabinet Incorporated. We are the largest manufacturer of residential cabinets in North America, based on 2024 reported net sales. Our products are sold throughout the United States and Canada to the remodeling and new construction markets through three primary channels: dealers, retailers and builders. On December 14, 2022, our former parent company, Fortune Brands Innovations, Inc. (formerly known as Fortune Brands Home & Security, Inc.) (“Fortune Brands”), completed a tax free spin-off transaction to separate its Cabinets segment into a standalone publicly-traded company (the “Separation”). The Separation was completed through a series of transactions ending with a pro rata distribution of all of the shares of MasterBrand, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.7B | 2.7B | 2.7B | 3.3B | 2.9B |
| Net Income | -2.0M | 27M | 126M | 182M | 155M | 183M |
| EPS | $-0.01 | $0.21 | $0.96 | $1.40 | $1.20 | $1.43 |
| Free Cash Flow | 12M | 118M | 211M | 348M | 180M | 97M |
| ROIC | 2.2% | 3.2% | 8.8% | 12.6% | 7.0% | - |
| Gross Margin | 29.0% | 30.3% | 32.5% | 33.1% | 28.7% | 27.5% |
| Debt/Equity | 0.82 | 0.87 | 0.84 | 0.65 | 1.02 | - |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 63M | 119M | 236M | 306M | 203M | 234M |
| Operating Margin | 2.4% | 4.4% | 8.7% | 11.2% | 6.2% | 8.2% |
| ROE | -0.2% | 2.0% | 10.1% | 16.5% | 9.0% | - |
| Shares Outstanding | 128M | 127M | 131M | 130M | 130M | 128M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 2.9B | 3.3B | 2.7B | 2.7B | 2.7B | 2.7B |
| Gross Margin | 27.5% | 28.7% | 33.1% | 32.5% | 30.3% | 29.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 528M | 649M | 570M | 603M | 668M | 670M |
| EBIT | 234M | 203M | 306M | 236M | 119M | 63M |
| Op. Margin | 8.2% | 6.2% | 11.2% | 8.7% | 4.4% | 2.4% |
| Net Income | 183M | 155M | 182M | 126M | 27M | -2.0M |
| Net Margin | 6.4% | 4.7% | 6.7% | 4.7% | 1.0% | -0.1% |
| Non-Recurring | 4.2M | 25M | 10M | 22M | 15M | 23M |
| Returns on Capital | ||||||
| ROIC | N/A | 7.0% | 12.6% | 8.8% | 3.2% | 2.2% |
| ROE | N/A | 9.0% | 16.5% | 10.1% | 2.0% | -0.2% |
| ROA | N/A | 12.2% | 7.4% | 4.7% | 0.9% | -0.1% |
| Cash Flow | ||||||
| Op. Cash Flow | 148M | 236M | 406M | 292M | 196M | 94M |
| Free Cash Flow | 97M | 180M | 348M | 211M | 118M | 12M |
| Owner Earnings | 77M | 160M | 324M | 193M | 86M | -623M |
| CapEx | 52M | 56M | 57M | 81M | 78M | 82M |
| Maint. CapEx | 62M | 65M | 64M | 77M | 94M | 702M |
| Growth CapEx | 0 | 0 | 0 | 3.6M | 0 | 0 |
| D&A | 62M | 65M | 64M | 77M | 94M | 702M |
| CapEx/OCF | N/A | 23.7% | 14.1% | 27.7% | 40.0% | 86.7% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 22M | 6.5M | 18M | 6.7M |
| Buyback Yield | N/A | N/A | 1.1% | 0.3% | 1.3% | 0.6% |
| Stock-Based Comp | 9.3M | 11M | 18M | 22M | 16M | 15M |
| Debt Repayment | 0 | 0 | 38M | 713M | 275M | 275M |
| Balance Sheet | ||||||
| Net Debt | N/A | 933M | 622M | 962M | 991M | 947M |
| Cash & Equiv. | 141M | 101M | 149M | 121M | 183M | 138M |
| Long-Term Debt | N/A | 962M | 690M | 1.0B | 975M | 1.1B |
| Debt/Equity | N/A | 1.02 | 0.65 | 0.84 | 0.87 | 0.82 |
| Interest Coverage | N/A | 92.4 | 4.7 | 3.2 | 1.6 | 1.6 |
| Equity | N/A | 1.0B | 1.2B | 1.3B | 1.3B | 1.3B |
| Total Assets | N/A | 2.5B | 2.4B | 2.9B | 3.1B | 3.1B |
| Total Liabilities | 3.0M | 1.5B | 1.2B | 1.6B | 1.8B | 1.8B |
| Intangibles | N/A | 350M | 336M | 571M | 548M | 541M |
| Retained Earnings | N/A | 1.0B | 1.2B | 1.3B | 1.4B | 1.3B |
| Working Capital | N/A | 419M | 328M | 255M | 280M | 381M |
| Current Assets | 1.7M | 830M | 677M | 651M | 696M | 735M |
| Current Liabilities | N/A | 411M | 349M | 395M | 416M | 354M |
| Per Share Data | ||||||
| EPS | 1.43 | 1.20 | 1.40 | 0.96 | 0.21 | -0.01 |
| Owner EPS | 0.60 | 1.24 | 2.49 | 1.47 | 0.68 | -4.87 |
| Book Value | N/A | 7.79 | 9.18 | 9.87 | 10.58 | 10.32 |
| Cash Flow/Share | 1.16 | 1.82 | 3.12 | 2.23 | 1.54 | 5.47 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 127.7M | 129.5M | 130.0M | 131.1M | 127.1M | 128.0M |
| Valuation | ||||||
| P/E Ratio | N/A | 6.3 | 10.8 | 15.0 | 53.7 | -641.6 |
| P/FCF | N/A | 5.4 | 5.6 | 9.0 | 12.2 | 87.0 |
| EV/EBIT | N/A | 8.7 | 7.8 | 11.3 | 17.1 | 32.1 |
| Price/Book | N/A | 1.0 | 1.6 | 1.5 | 1.1 | 0.8 |
| Price/Sales | N/A | 0.3 | 0.5 | 0.8 | 0.6 | 0.4 |
| FCF Yield | N/A | 18.5% | 17.8% | 11.1% | 8.2% | 1.1% |
| Market Cap | N/A | 971M | 2.0B | 1.9B | 1.4B | 1.1B |
| Avg. Price | N/A | 8.29 | 10.83 | 16.46 | 12.59 | 8.50 |
| Year-End Price | N/A | 7.50 | 15.08 | 14.44 | 11.27 | 8.50 |
MasterBrand, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
MasterBrand, Inc. trades at 40.5x trailing earnings, compared to its 15-year median P/E of 12.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 9.2x vs a median of 7.3x. The company's 5-year average ROIC is 7.9% with a gross margin of 30.4%. Total shareholder yield (buybacks) is 0.6%. At current prices, the estimated annualized return to fair value is -2.0%.
MasterBrand, Inc. (MBC) has a net profit margin of 1.0%. This is a modest margin.
MasterBrand, Inc. (MBC) generated $118 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MasterBrand, Inc. (MBC) has a debt-to-equity ratio of 0.87. This indicates moderate leverage.
MasterBrand, Inc. (MBC) reported earnings per share (EPS) of $0.21 in its most recent fiscal year.
MasterBrand, Inc. (MBC) has a return on equity (ROE) of 2.0%. This indicates moderate shareholder returns.
MasterBrand, Inc. (MBC) has a 5-year average gross margin of 30.4%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for MasterBrand, Inc. (MBC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MasterBrand, Inc. (MBC) has a book value per share of $10.58, based on its most recent annual SEC filing.