Caesarstone Ltd. (Nasdaq: CSTE), together with its subsidiaries, develops, manufactures, and markets their “engineered” quartz and other surfaces globally under their brand. They have built their brand off pioneering the quartz countertop category and have expanded into various other indoor and outdoor surfaces used in both residential and non-residential spaces. While on the decline, they have displayed significant revenue growth year over year and managed to bring in over USD 700 million in 2022.
Comps: U.S. Silica Holdings, Inc. (NYSE: SLCA), American Woodmark Corporation (Nasdaq: AMWD)
When looking at comparable organizations, these companies provide a very reasonable benchmark for Caesarstone. In terms of earnings, Caesarstone outperformed U.S. Silica Holdings on a per-share basis. Likewise, they exhibited lower price-to-earnings and debt-to-equity relationships than both U.S. Silica Holdings and American Woodmark Corporation. Additionally, Caesarstone indicated a higher profit margin than American Woodmark Corporation. As you can see, they have favorable metrics and with a yield over 6%, they could be a viable investment opportunity.
Caesarstone Ltd. (CSTE)