Misunderstood Building Stock

At only 8 times EBITDA, this building company could be a double.

⚡ Highlights

• An exceptionally conservative valuation suggests broader residential real estate weakness is set to pressure earnings.

• But new construction is a tiny sliver of overall revenue — and in the remaining three segments, the cycle has been a hindrance, not a help.

• Revenue from renewable projects and solar in particular provide an extra kicker.

• Management targets suggest shares could more than double in 24 months; even skeptical investors can still model sharp upside.