Tag Archives: $DOOR

Masonite International (DOOR), mcap=$2bn, price $85 vs $90

Interior and exterior door manufacturer with new management in place. A good business in a well-consolidated industry – the company should be able to offset the inflation pressures with price increases. Exposed to the new build (50%) and remodeling (50%) cycles. Under the new leadership, DOOR economics has structurally improved from one with poor ROIC of 10-12% and margins of 12% to one with ROIC approaching 20% and margins of 15-16%.