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