GMS: Strong Fundamentals With A Great Growth Trajectory

Mar. 30, 2023 5:32 AM ETGMS Inc. (GMS) StockGMS
GrowthInvesting
674 Followers

Summary

  • GMS posted a solid Q3 FY23 result with increased revenues and net income.
  • They have entered the New York City market, spreading their business operations through an acquisition strategy.
  • They are highly undervalued, and technical analysis indicates a solid upside potential for the stock price.
  • I assign a buy rating on GMS.

Metal frame of newly built building. Construction of a new tiny house. Selective focus

yalcinsonat1/iStock via Getty Images

GMS Inc (NYSE:GMS) distributes steel framing and complementary construction products in North America. It provides ceiling products, mineral fibers, and metal ceiling systems. They also offer steel framing, lumber, wood, and several other interior construction and safety products. GMS recently posted its Q3

This article was written by

674 Followers
I am an active investment banker with more than 15 years of experience in the equity markets. I specialize in long term equity investments. My goal is to provide the investors with strategic investment opportunities in the equity and debt market.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About GMS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on GMS

Related Stocks

SymbolLast Price% Chg
GMS
--