SiteOne Landscape Supply, Inc.
$112.57
+0.00 (+0.00%) · delayed · Nov 13, 2026
Five-year price
52w $82.00 to $168.56
- Market cap
- $4.9B
- Enterprise value
- $5.1B
- P/E
- 33.4×
- 34.2× on 3y avg EPS
- EV / EBIT
- 21.2×
- FCF yield
- 5.1%
- ROIC
- 10.0%
- Debt / equity
- 0.23
- Piotroski F
- 8/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
67
- ●ROIC > 12% (5y avg)5y avg ROIC 13.0%
- ○ROE > 15% (5y avg)5y avg ROE 14.0%
- ●Stable operating marginsMargin volatility 1.9% (σ, 5y)
- ●Earnings convert to cashFCF / net income 133% (5y avg)
- ●Growing revenueRevenue CAGR 5y 11.7%
- ○Shrinking share countDiluted shares 2.2% over 5y
Value
20
- ○P/E below 15P/E 33.4
- ○EV/EBIT below 12EV/EBIT 21.2
- ○FCF yield above 6%FCF yield 5.1%
- ○Price below Graham NumberGraham Number $54.01
- ●P/B below 3P/B 2.9
Safety
80
- ●Debt / equity below 0.5D/E 0.23
- ●Debt payable in < 4 yrs of earningsNet debt $0.2B
- ○Interest coverage > 8xCoverage 6.8x
- ●Current ratio > 1.5Current ratio 2.47
- ●Piotroski F-score ≥ 6F-score 8/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $4.7B
- ●Strong condition (current ratio ≥ 2)Current ratio 2.47
- ●Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 98700%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 34.2
- ○P/E × P/B ≤ 22.5Product 100.0
Valuation lab
What do you have to believe?
At $112.57, the market is pricing in about 6.0% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $195M · 43M shares · 5y revenue CAGR 11.7%
Intrinsic value
$180.50
Price
$112.57
Margin of safety
38%
What the price implies
The market is paying for 6.0% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
64% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,648 | 1,862 | 2,112 | 2,358 | 2,705 | 3,476 | 4,015 | 4,301 | 4,541 | 4,705 |
| Gross profit | 516 | 596 | 678 | 773 | 901 | 1,213 | 1,422 | 1,491 | 1,560 | 1,635 |
| Operating income | 74 | 98 | 107 | 125 | 180 | 314 | 333 | 250 | 192 | 238 |
| Operating margin | 4.5% | 5.3% | 5.1% | 5.3% | 6.6% | 9.0% | 8.3% | 5.8% | 4.2% | 5.1% |
| Pre-tax income | 52 | 73 | 75 | 92 | 149 | 295 | 313 | 223 | 160 | 203 |
| Income tax | 21 | 18 | 1 | 14 | 28 | 56 | 68 | 50 | 36 | 46 |
| Net income | 31 | 55 | 74 | 78 | 121 | 238 | 245 | 173 | 124 | 152 |
| EPS (diluted) | -3.01 | 1.29 | 1.73 | 1.82 | 2.75 | 5.20 | 5.36 | 3.80 | 2.71 | 3.37 |
| Diluted shares | 30 | 42 | 43 | 43 | 44 | 46 | 46 | 46 | 46 | 45 |
Who owns it